Company Rating
S. No. |
Instrument/Facility |
Amount(Rs. Crore) |
Current Ratings |
Previous Ratings |
Rating Action |
1. |
Long Term Bank Facilities - Term Loan |
74.00 |
IVR BBB/ Stable (IVR Triple B with Stable Outlook) |
IVR BBB/ Stable (IVR Triple B with Stable Outlook) |
Reaffirmed |
2. |
Long Term Bank Facilities - Fund Based |
24.00 |
IVR BBB/ Stable (IVR Triple B with Stable Outlook) |
IVR BBB/ Stable (IVR Triple B with Stable Outlook) |
Reaffirmed |
3. |
Long Term Bank Facilities - Fund Based |
20.00 |
IVR FBBB/ Stable |
IVR FBBB/ Stable |
Reaffirmed |
4. |
Proposed NCD |
10.00 |
IVR BBB/ Stable (IVR Triple B with Stable Outlook) |
IVR BBB/ Stable (IVR Triple B with Stable Outlook) |
Reaffirmed & withdrawn |
With the Passing, The company is Rapidly Growing and the Growth is Visible with Highlighted Points Mentioned
- On 11 February 2024, Company was Merged & Converted from a Private Limited to a Public Limited Company.
- On 17 August 2023, The Management of NuoG GRIHAUS Limited had been Taken Over by New Management.
- On 01 October 2023, Head Office Inauguration in Bangalore (KR) was Celebrated.
- On 01 October 2023, NGHL Corporate & Headsquare Office Step-Up/Sifted in Bangalore (KR).
- On 12 May 2023, First HAUS LESSEE/LANDLORD On-Board was Opened in Bangalore.
- ON 21 October 2023, Second State HAUS LESSEE/LANDLORD On-Board in Uttarakhand was Opened in Dehradun.
- In year of 2018, Company got AFC (Asset Finance) Certificate from RBI (Reserve Bank of India).
- On 01 April 2019, First Case Loan Disbursed Centre was Opened in Delhi NCR.
- On 08 August 2019, Admin Office was Opened in Delhi NCR (Capital of India).
- On 18 January 021, First Loan Collection Centre was Opened in Navi Mumbai, MH.
- On 21 April 2021, Third HAUS LESSEE/LANDLORD On-Board was Opened in Delhi NCR.
NGCPL, AFPL and AAPL Announce Merger: Financial Inclusion & Product Services Powerhouse in the Making
- Strategic, Growth-Oriented Merger of two Strong, Well-Run NuoG Group.
- Merger to Capitalize on the Complementary Geographic Footprint and Product Basket of the Three Company to Create a Truly Pan India Retail Financial Inclusion & Product Services Franchise Company.
- Compelling Synergies Especially in Deposits, Technology and Scale Driven Efficiencies Over Time.
- All Stock Merger with Shareholders of NuoG Group Receiving 15 Shares in NGCPL for Every 20 Shares Held in NuoG Group.
Intimation on Merger of NuoG GRIHAUS Limited Entities
"This is to Inform You That (“NGCPL”), (“AFPL”), and (“AAPL”) have Merged with NuoG GRIHAUS Limited (“NGHL”) with Effect from 16/02/2024. The Registered Office of NGHL is at BAWA Tower, Plot No. 78/79, Sec-17, Vashi, Navi Mumbai-05, MH, India.
Henceforth any Reference to NGCPL, AFPL, or AAPL Shall be Treated as a Reference to NGHL.
The Merger is an Internal Restructuring Exercise and Results, Inter Alia, in the Transfer and Vesting of the Assets, Liabilities and the Entire Undertaking of NGCPL, AFPL, and AAPL into NuoG GRIHAUS Limited, followed with the Dissolution, without Winding up, of Each of NGCPL, AFPL, and AAPL. The Existing Rights and Obligations of NGCPL, AFPL, and AAPL Including Existing Agreements and Contracts Shall Stand Automatically Transferred to NuoG GRIHAUS Limited.
Mumbai, 14th Feb’ 2024 The Board of Directors of NuoG GRIHAUS Limited (“NGHL”) and the Board of Directors of NGCPL