Orbis FinancialUnlisted Share

Company Overview:

Incorporated in 2005, OFCL is promoted by Mr. Atul Gupta who had a ~37% stake in the company as of March 31, 2022. Headquartered in Gurugram, the company operates as a market intermediary and provides custodial, fund accounting, professional clearing, depository services, share transfer, FPI registration and trustee services to a wide array of client segments, namely- FPI, PMS, FDI, DII, AIFs, and TMs. OFCL commenced operations in FY2009 as a custodian of securities and a clearing member in all market segments registered with SEBI. In FY2019, the company received a licence from SEBI for offering registrar and transfer agent services and trustee services. The trustee services are offered through a wholly-owned subsidiary – Orbis Trusteeship Services Private Limited. Orbis entered the financial markets as a ‘Custodian of Securities’ to provide a range of focused, forward- looking services designed and customized to equip investors across various segments to efficiently manage their investing operations. Our broad clientele includes Domestic & Foreign Institutional Investors, Foreign Portfolio Investors, Corporates and High – Net Worth Individuals amongst others. As a Custodian, Orbis is registered with SEBI as a Designated Depository Participant (for Foreign Portfolio Investors), a Clearing Member on NSE, BSE, MSEI & MCX in a variety of segments as also being a Depositary Participant on the NSDL & CDSL. Being a dedicated Custodian, we pride ourselves on our Zero Conflict Business following the fully disclosed model upto the Beneficiary level. Orbis is also registered with SEBI as Category I Registrar & Share Transfer Agents and has connectivity with both the Depositories, NSDL & CDSL. “Through its subsidiary Company, Orbis Trusteeship Services Private Limited, Orbis also has the facility to provide Trustee Services. Orbis Trusteeship Services Private Limited is registered with SEBI as ‘Trustees’ and undertakes the activities of “Debenture Trustee” under Regulation 8 of the SEBI (Debenture Trustee) Regulations, 1993, asset management support services and trusteeship services under IFSCA, GIFT CITY in Gujrat.” Adopting a partnership approach, Orbis works closely with its clients, at every step understanding their requirements and applying its domain expertise offering the most suited services with relatively least risks. At every step, Orbis stays accessible, prompt, responsive and friendly providing client focused services with an economical, accurate, effective and innovative approach and strives to give importance to service innovation in accordance with the Industry standards. Orbis keeps pace with times deploying a robust State of the Art Integrated technology platform developed on an ERP system, allowing an agile and nimble footed approach.

Though a privately funded organisation, without any backing of banks or financial institutions, Orbis has managed to establish itself into a leadership position as a Indian Financial Market Intermediary. It has progressed in these rapid volatile times and the ever evolving regulatory complexities. ORBIS is a ‘One stop solution’ offering various securities services to the entire array of financial investors and intermediaries taking its offering into a new league altogether. In a ‘class of its own’, ORBIS is an independent, neutral financial intermediary providing services to investors, on its ‘Zero conflict’ business platform, without ever being in competition with its own clients. 

​Vision Statement:

Orbis is committed to provide efficient, effective and robust services to our clients with better use of the Technology. We are committed to the Capital Markets.

Products Offered:

• Fee-based services portfolio with focus on institutional clients: OFCL is a Securities and Exchange Board of India (SEBI)- registered custodian, which offers end-to-end capital market related services such as custodial, fund accounting, clearing, depository, trusteeship and other allied services. It largely caters to institutional clients like FPIs, portfolio management services (PMS), foreign direct investment (FDI), domestic institutional investors (DIIs), and alternative investment funds (AIFs), particularly through its custodial business. It also provides clearing services to trading members (TMs) and FPIs. Considering the volatile nature of capital markets, the presence of institutional clients tends to reduce the overall fluctuations in revenues to some extent. ICRA notes that while custodial and clearing operations bear limited direct credit or market risk, the material size of the transactions and their frequency increase the risk of error as well as the consequences of such an error to some extent.

• Custody Service: As a SEBI registered Custodian, Orbis ensures safety of custody assets held in physical form in its vaults or in the depository in the electronic form. Their accounting processes & controls ensure segregation of transactions and client assets avoiding any inter mingling between client assets amongst themselves or with the assets / transactions of Orbis. This segregation like a Chinese wall ensures the highest level of safety and security to the clients. They record details of all securities and assets received and released; corporate benefits / rights & entitlements arising from the securities etc. We also maintain detailed securities movement and control records which maintains details of all asset movements, deposits, and withdrawals, including temporary withdrawals.

• RTI and STA Services: As a thorough professionally set up organisation, we provide full service as Registrar to an Issue (RTI) and Share Transfer Agents (STA); our comprehensive range of services provides our corporate clients the most suitable set of services at the very best value. The RTA and STA Business concerns managing complicated administration related to securities on behalf of issuers. Primarily:

• Support for initial public offerings

• Maintain Securities Registry

• Shareholder-relationship consulting

• Securities administration consulting

• Orbis provide the most suited services by focusing on understanding every client’s circumstances and objectives. That means we try to deliver end-to end solutions to meet the client’s specific needs.

• Orbis Trusteeship Services: Orbis offers Trustee services across a wide variety of clients including Equity Funds, Alternative Investment Funds, NBFC’s, Corporates, Insurance, Banking Institutions and Non – Profit Organisation. The financial products include debentures, bonds and term loans. Orbis services are also directed towards corporate formation and market entry services, due diligence and enforcement services to both domestic and foreign entities. 

Trusteeship Services :

• Corporate Trusts-Debenture Trustee and Security Trustee

• Corporate Services

• Alternative Investment Funds (AIFs)

• Real Estate Investment Trusts (REITs)

• Infrastructure Investment Trusts (INVITs)

Promoters and ShareHolding Pattern:

Peer Comparison:

Financial Ratios:

Source: Company Filing Form AOC-4

Valuation:

OFCL reported a healthy improvement in its profitability in the past two years on the back of the increase in its scale of operations. Supported by buoyant capital markets, OFCL’s net profit has more than quadrupled over the past two years. It reported an all-time high profit after tax (PAT) of Rs. 48 crore in FY2022 up from Rs. 16 crore in FY2021 and Rs. 12 crore in FY2020, with a return on net of worth of 25.3% (five-year average return on equity (RoE) of 15.3%). The company’s performance remained strong in the current fiscal, registering a net profit of Rs. 15 crore in Q1FY2023 on a provisional standalone basis.