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Financial backers in non-bank moneylender Five Star Business Finance are in talks for an auxiliary offer deal, esteeming the organization at $1.2-1.3 billion (Rs 9,000 crore) and making it India’s new unicorn. Existing financial backer Morgan Stanley Private Equity could sell a piece of its stake for near $100 million to Sequoia Capital’s Global Growth Fund, a $8 billion venture vehicle intended to back the best organizations from its portfolio around the world, said these individuals, who mentioned secrecy. Sequoia India is now a financial backer in Five Star. Five Star, which gives tied down advances to independent companies, additionally checks Matrix Partners, Norwest Venture Partners and private value goliath TPG as its financial backers. It was esteemed at $950 million in July 2019, when TPG drove a $50 million round. Sequoia declined to remark while Five Star and Morgan Stanley didn’t react to messages looking for input.

Source: Moneycontrol

About Company

Formed in the year 1982, Five Star is non-Banking Finance Company (NBFC) with the Reserve Bank of India (RBI), specialized in providing financial services to address the needs of unbanked, and unserved segment, funding the people who were perceived to be non-fundable. The customers include all the way from small shop owners, flower vendors, maids, masons to small and medium enterprises that form the backbone of India’s economy.

Financials

Particulars (in Crs) Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20
Revenue 33.6 46 84 192 389 787
Interest 10.3 14 24 57 75 216
Employee Cost 4.8 8 20 45 76 127
Impairment of Assets 0 0 0 0 7 50
Other Expense 2 5 12 25 25 34
Finance Profit 15 19 27 65 206 360
Finance Margins 47% 42% 33% 34% 52% 46%
Other Income 0.6 2 3 16 18 40
Depreciation 0.36 0.5 0.9 3 4 10
Profit before tax 16 20 30 78 217 390
Tax 5 7 11 22 62 87
Net Profit 10 13 18 55 155 260
Shares 1.02 1.1 1.4 1.92 2.32 2.55
EPS in Rs 10 12 13 29 65 102

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