Shekhar Golchha-Backed Hulas Finserve Revenues Reach NPR 1.50 Billion as Loan Disbursements Surge 51 Percent

28th October 2026, Kathmandu

Hulas Finserve, a non-banking financial institution associated with business leader Shekhar Golchha, has recorded robust top-line growth driven by expanding higher-purchase loan volumes and improving asset quality metrics.

Hulas Finserve Revenues Surge

Revenue Growth and Multi-Year Financial Trajectory

According to a credit rating report published by ICRA Nepal, the higher-purchase financing company demonstrated consistent revenue acceleration over recent financial cycles.

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• Projected FY2026 Revenue: Hulas Finserve projected preliminary revenues of NPR 1.50 billion for 2026, representing a 57.89 percent increase compared to the NPR 950 million recorded in 2025.
• Multi-Year Revenue Trajectory: The company registered revenue of NPR 520 million in 2022, which dipped to NPR 480 million in 2023, before rebounding to NPR 530 million in 2024 and expanding to NPR 950 million in 2025.
• Primary Growth Drivers: Top-line revenue expansion was propelled by simplified instalment purchasing processes and aggressive loan portfolio expansion across higher-purchase asset financing segments.
• Ownership Structure: Hansraj Hulaschand & Company (under Golchha Organisation) holds an 82 percent controlling equity stake in Hulas Finserve, while 18 percent is held by other institutions. Executive Chairman Shekhar Golchha holds an individual equity share of 5 percent.

Credit Disbursements, Asset Quality, and Net Worth Expansion

Key balance sheet indicators reflected expanding market coverage alongside improving asset recovery performance.

• Credit Disbursement Surge: Total credit disbursements expanded by 51 percent during the review period, supported by sustained demand for asset instalment financing.
• Non-Performing Loan Reduction: The ratio of non-performing loans (NPL) improved significantly to 1.7 percent, down from 3.1 percent reported in 2022.
• Net Worth Progression: Company net worth expanded to NPR 1.88 billion in 2026, rising from NPR 1.48 billion in 2025 and NPR 1.24 billion in 2024 (compared to constant net worth levels of NPR 1.19 billion across 2022 and 2023).

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