About DCM Financial Services Limited

DCM Financial Services Limited is an Indian public company carrying on financing-related activities, as reflected in its 34th Annual Report for FY 2024-25. The company is headquartered at its Registered Office: Upper Ground Floor, South Tower, NBCC Place, Bhisham Pitamah Marg, New Delhi, 110003, and its shares are listed on the National Stock Exchange of India Limited, BSE Limited, and the Calcutta Stock Exchange Limited. The company operates in a single business segment—financing operations, comprising inter-corporate deposits and investments; at present, it is not carrying on any operational activity other than realising debts and maintaining existing assets.

DCM Financial Services Limited and its subsidiary are India-based, indicating a domestic operating footprint. The consolidated financial statements classify the parent company as Indian and the subsidiary as Indian, underscoring an India-centric presence. The company has one subsidiary (not listed here by name) and no associates or joint ventures, as disclosed in the Board’s Report and the statutory annexures.

Key Milestones of DCM Financial Services Limited

A few milestones shape the company’s recent history. The company ceased accepting deposits in September 1997 to comply with Reserve Bank of India directives, and its NBFC Certificate of Registration application was rejected by the RBI in 2004; the matter has been subject to subsequent appeals and High Court directions, with the revival of the company to be considered by the Hon’ble Delhi High Court after implementation of a scheme overseen by a One-Man Committee. Certain bank deposits are presently restricted and cannot be operated without prior approval of the Hon’ble Delhi High Court. In the latest year, the company also classified a Lucknow property as “Non-Current Asset held for sale” after floating a tender, reflecting a plan to dispose of the asset within 12 months as per accounting criteria disclosed in the notes.

DCM Financial Services Limited Key Management

• Mrs. Nidhi Deveshwar – Chairperson & Whole-time Director
• Ms. Richa Kalra – Independent Director
• Mr. Sanjay Sahni – Independent Director
• Ms. Ruchi Chordia – Independent Director
• Ms. Honey Agarwal – Independent Director (appointed w.e.f. 30.08.2024)
• Mr. Kaushal Kashyap – Director
• Ms. Somali Trivedi – Company Secretary & Chief Financial Officer

Latest Updates on DCM Financial Services Limited

• Board and governance changes: Ms. Priyanka Sisodia (Independent Director) resigned w.e.f. 30.08.2024, and Ms. Honey Agarwal was appointed as Additional (Non-Executive) Independent Director on 30.08.2024. Independent Directors convened their meeting on March 22, 2025, as part of the annual board evaluation and governance process.
• Implementation of court-directed schemes: The company continued payments to deposit and debenture holders under Phase I and Phase II during FY 2024-25 and commenced payment of interest to eligible holders as per the scheme from FY 2024-25.
• Asset monetisation initiative: A building (Lucknow property) was classified as “Non-Current Asset held for sale” after a tender was floated, with the company noting it is highly probable the sale will be completed within the next 12 months, in line with the reporting and measurement basis disclosed.
• Court-supervised bank deposits: Selected bank deposits remain restricted and require prior approval of the Hon’ble Delhi High Court for operation, as detailed in the notes to accounts.
• Core business disclosure: The company reaffirmed that it deals in a single segment—Finance and Leasing; currently, it is focused on realising debts and maintaining assets, as assessed by the Chief Operating Decision Maker (CODM).