Nilgiri Investmart Services Limited (formerly Nilgiri Financial Consultants Limited)
Climate Impact & Sustainability Data (2009-10, 2012-04 to 2013-03, 2022-03 to 2023-03)
Reporting Period: 2009-10
Environmental Metrics
ESG Focus Areas
- Stable
- Scalable
- Sustainable
Social Achievements
- Emphasis on proper recruitment of talent and empowerment while devoting resources for their continuous development.
- Employee Stock Option Schemes
Governance Achievements
- Established a Code of Conduct for all Board members and Senior Management Personnel.
- Constituted Committees: Audit Committee, Remuneration Committee, and Share transfer cum Shareholders’/ Investors’ Grievance Committee.
Climate Goals & Targets
Long-term Goals:
- Grow IBFSL into a stable, secure and sustainable business
Short-term Goals:
- Grow our home loan business in size and scale
Environmental Challenges
- Global economic downturn
- High cost of funding (in the past)
Mitigation Strategies
- Conservative approach & thrust on collateralized lending
- Cautious lending approach
- Shift to safer, stable & sustainable business model
- Reduction in funding costs
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Business Superbrand
Reporting Period: 2012-04 to 2013-03
Environmental Metrics
ESG Focus Areas
- Affordable housing
- Financial inclusion
- Employee well-being
- Community investment
- Corporate social responsibility
Social Achievements
- Extended home loans to over 200 rural borrowers under the Golden Jubilee Rural Housing Scheme (200% of target)
- Extended benefits of 1% interest subsidy scheme to 8,655 borrowers
- Launched initiatives like compensation reviews, employee leadership development, and revamped training programs
- Initiated a Human Resource Development focus on basic skills, core competencies, career development, and personal growth
- Indiabulls Foundation initiated pilot projects in rainwater harvesting, groundwater management, tree plantation, IT projects for rural development, income generation support for rural women, skills training for rural youth, and eye camps for rural schoolchildren in Rajasthan.
Governance Achievements
- Merger of Indiabulls Financial Services Limited with Indiabulls Housing Finance Limited
Climate Goals & Targets
Environmental Challenges
- Challenging business and economic environment
- Global turbulence coupled with economic slowdown in India
Mitigation Strategies
- Focus on collections and consolidation
- Reduced reliance on short-term funds
- Deepened banking relationships
- Expanded bond issuances to access long-term funds
- Effective risk management
- Improved operational efficiency (cost to income ratio below 18%)
- Maintained asset quality (Gross NPA and Net NPA at 0.79% and 0.33% respectively)
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Housing Finance Company of the year (Accommodation Times)
- Best Employer Brand award (The Institute of Public Enterprises)