ICL Fincorp Ltd., established in the year 1991 with a registration under The Companies Act 1956, was started of as a financial service providing company.
In the year 1991, the Company forayed into the non-banking financial sector (NBFC) with the approval of the Reserve Bank of India. Today, ICL Fincorp, is one of the leading Gold Loan oriented Non-Banking Finance Companies (NBFC) in South India. Few decades back on a strong launching in Chennai and Kerala, ICL Fincorp has expanded its operations in terms of business volume and also geographical reach. Today, the Company has its branches spread across all five states in South India and is poised to spread its wings Pan India very soon. The company has also in its portfolio, other services like Vehicle Loans, Business Loans, Money Transfer, Forex, Travel, and Tourism, etc.
We are based in Irinjalakuda, a town in Thrissur, the cultural capital of Kerala, Our Head office is in Irinjalakuda which is known for its historical and cultural importance.
Since its inception, ICL Fincorp, has witnessed unparalleled growth under the leadership of its Chairman and Managing Director, Mr. K G Anilkumar. It was by the sheer business acumen that Mr K G Anilkumar, acquired a Chennai based NBFC company, Jawahar Finance Company, and thus forayed into Non-Banking Finance field by naming the company “Irinjalakuda Credits and Leasing Company Limited” in the year 1991, with the approval of Reserve Bank of India. The timing was perfect, with the general finance cum chity companies were facing increasing regulatory hurdles from state authorities. Many such companies became non-viable and faced closure. NBFC companies were in the right place to tap into the vast potential from Gold loan and other loan requirements from general public.
The company’s first branch was established at a small town called Annamanada in Thrissur District on 20/4/2013. Since then, the company has maintained consistent and rapid growth. Today, the company has over 179 branches spread across South India. ICL has set a tall aim to achieve a total of 1000 branches all across India by the end of the year 2023. With the pan India ambition in mind, the company has received approval for the change of name to “ICL Fincorp Ltd” (formerly, Irinjalakuda Credits and Leasing Co., Ltd) to be in tune with the Group’s ambitious plans to spread across India.
As an organization, ICL Fincorp has a presence through its branches across six states in India, viz. Kerala, Tamil Nadu, Karnataka, Telengana and Andhra Pradesh, and Odisha. The ICL Group consists of other concerns viz. , ICL Tour and Travels P.Ltd, ICL Tours and Travels LLC, ICL Medilab P Ltd, ICL Cultural and charitable trust Snow View Tex Collections P Ltd, ICL Nidhi Ltd.