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Business Profile: Orbis Financial Corporation Limited (Orbis)

Orbis Financial Corporation Limited ('Orbis' or the 'Group') is recognized as one of India’s leading Non-Bank Custody service providers. Established in 2005, the Group's dedication is to securities services, serving as a trusted partner in the Indian capital markets infrastructure.

The core of the Orbis business is its integrated, single-window platform, which is designed to be conflict-free, avoiding participation in broking, advisory, wealth management, or lending (in the Parent Company) to ensure full alignment with client interests.

1. Business Description and Core Philosophy

Orbis operates as a SEBI-regulated financial enterprise, offering a comprehensive suite of custodial and allied services under a unified platform. The business aims to be a strategic partner that allows institutional clients—including FPIs, AIFs, and PMSs—to access and navigate India’s capital markets efficiently and securely.

2. Products and Service Offerings

Orbis is SEBI registered across multiple verticals, enabling it to provide end-to-end post-trade and infrastructure services:

The Group leverages proprietary and industry-grade technology, including Orbis Online (for real-time reporting), Zicuro (for custody and compliance), and Advent Geneva (for portfolio management and accounting).

3. Group Structure and Subsidiaries

The Group maintains a centralized structure from its headquarters in Gurugram, with a Corporate Office in Mumbai and an expanding presence in GIFT City, Gujarat. The consolidation includes two wholly-owned subsidiaries:

4. Revenue Sources and Financial Performance (Consolidated FY 2024-25)

The Group demonstrated robust financial performance in FY 2024-25, driven by strong growth in Assets Under Custody (AUC) and operating leverage.

A. Key Financial Highlights (Consolidated, ₹ in Crore)

B. Primary Revenue Components (Consolidated, ₹ in Crore)

Operational revenue streams are heavily reliant on custody and treasury activities:

5. Recent Developments and Highlights

The fiscal year 2024-25 was marked by milestones in technological integration, international expansion, and strong corporate governance:

• Key Performance Milestone: The Group achieved a significant milestone with AUC exceeding ₹ 1,40,000 Crore and PAT reaching ₹ 205 Crore.

• GIFT City Expansion and Diversification:

◦ The subsidiary OFSPL received IFSCA’s provisional approval in December 2024 to set up a Finance Company in GIFT City.

 ◦ This entity is licensed to undertake financial activities including lending, guarantees, credit enhancement, securitization, and financial leasing, marking a strategic expansion of the zero-conflict model into allied financial services via the IFSC platform.

• Technological Advancement: Orbis implemented key systems to enhance efficiency and client experience: Zicuro Software for robust custody and compliance, and Advent Geneva for portfolio management and accounting.

• Fund Administration Scale: The Group began full-scale Fund Administration through Orbis Trusteeship Services (OTSPL) in October 2024, addressing fund accounting, NAV, investor servicing, and compliance needs.

• Industry Recognition: The company was recognized as the “Leading Custodian and Clearing Member” by MCX in 2025 for achieving over 90% market share in the Institutional commodities segment.

• Dividend Recommendation: Directors recommended a dividend of ₹ 1.80 per equity share (of ₹ 10 each) for FY25, an increase from ₹ 1.00 per share in the previous year.

• Capital Strength: The balance sheet is described as debt-free and well-capitalized, with net worth exceeding ₹ 875 Crore. Outstanding borrowings (Bank-Guarantees) increased to ₹ 946 Crore, with these facilities backed by the irrevocable and personal guarantee of the Executive Chairman, Mr. Atul Gupta.

• Compliance Note: The audit report noted that while the main accounting software used a recording audit trail (edit log) feature throughout the year, the audit log feature was not enabled throughout the year for certain relevant transactions/fields/tables and was not enabled at the database level to log direct changes