ICDS Limited, established in 1971, is a former Non-Banking Financial Company (NBFC) that has shifted its focus towards debt recovery and liability repayment, while engaging in trading activities including shares, securities, and mobile accessories. The company also generates rental revenue from investment properties and markets insurance products. Originally part of the Pai group, ICDS has transitioned under Mohandas Pai's leadership, building a substantial base over 25 years. Known for its strong financial foundation, ICDS has a network of 42 branches across India, and a history of significant bank and institutional funding, reflecting its credibility in the financial sector.
ICDS has diversified into the hospitality industry with ventures like Central Park in Bangalore and maintains branches in several Indian cities. It has ceased its fund-based operations and surrendered its NBFC registration, focusing on fee-based activities and exploring further capital infusion. The company has also partnered with Wall Street Finance Ltd. to offer money transfer services.
