Dar Credit & Capital Limited was originally incorporated as a Public Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 10, 1994 issued by Registrar of Companies, West Bengal, and Certificate of Commencement of Business dated August 16, 1994 issued by Registrar of Companies, West Bengal. Further, the Non- Convertible Debentures of the company are Listed in Debt Segment with BSE Limited since February 17, 2021.

Dar Credit & Capital offers three primary types of financial products: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans. The company specializes in offering credit solutions to low-income individuals, particularly those in class-four (Group D) employment roles such as cleaners, sweepers, and peons working in municipalities. The company also extends credit to small-scale shopkeepers and vendors, with a strong focus on empowering women entrepreneurs. With extensive experience in the financing and investment sector in India, Dar Credit & Capital has built a deep understanding of the market since its inception. In addition to its headquarters in Kolkata and regional office in Jaipur, DCCL operates through its branch offices across West Bengal, Rajasthan, Bihar and Jharkhand also Camp Offices are set up in the States of Madhya Pradesh and Gujarat.

The company has developed a profound understanding of the financial needs of underbanked and underserved customers. Throughout this journey, the company has not only gained insights into customer behaviour and requirements within this segment but have also implemented various initiatives to enhance the customer experience. These improvements have been driven by measures such as the adoption of digital sourcing and the digital disbursement of loans. In line with its vision, it has been constantly upgrading its technology platforms. A significant proportion of its sourcing and collections across assets and liabilities are digitalized using mobile phones / tablets, with an emphasis on Straight Through Processing (STP) while incorporating fraud and regulatory checks. PAN validation, e-KYC, Credit Bureau Data checks supporting multiple bureaus, and checks are fully automated using a robust integration layer.

Its loan management system plays a crucial role in efficiently managing its loan portfolio, providing vital support for decision-making and daily operations. It encompasses a wide range of functions, including asset management, core financial activities, risk management, document processing, and customer service throughout the entire loan lifecycle. Its technical team is responsible for the software's implementation and day-to-day operations, ensuring that its staff is thoroughly trained and proficient in its use.

Business area of the company

The company provides professional financial services to low-income customers particularly in small towns, lacking access to such services from formal financial institutions and to emerge as a financially strong, ethical and socially inclined small loan finance institution. 

Services of the company

• Personal loan
• Unsecured MSME loans
• Secured MSME loans

Awards and accreditations

• 2019: Member of Association of Micro Finance Institution - West Bengal.
• 2019: Awarded by Business Connect for the 25 Most Recommended Banking & Financial Solution Providers in 2019.
• 2021: Receive Certificate of Appreciation from Government of India (Ministry of Finance) for prompt filing of returns and payment of GST.
• 2023: Receive Certificate for Completion of NGAP-NBFC Growth Accelerator Program given by Global Alliance for Mass Entrepreneurship.

History and milestones

• 1994: Incorporated as Dar Credit & Capital Limited.
• 1998: Company Obtained a certificate of registration as an NBFC from RBI on November 17, 1998.
• 2007: A certificate of registration as an NBFC from RBI was issued in lieu of earlier one issue in 1998 as the same was deposit taking license.
• 2014: DAR Holdings Private Limited Merge with DAR Credit & Capital Limited.
• 2018: ABAN Holdings Private Limited Merge with DAR Credit & Capital Limited.
• 2021: Listed Debt Securities in BSE.
• 2023: Executed a Partnership Agreement with SIDBI (Small Industries Development Bank of India)
• 2024: Executed a Business Correspondent Agreement with ESAF Small Finance Bank Ltd.