Mumbai, Sept. 22 -- SG Finserve is a group company of APL Apollo Group, whose flagship entity is APL Apollo Tubes (AATL). The rating on SG Finserve factors in the expectation of strong support from the APL Apollo Group, along with comfortable capitalisation and healthy earnings profile of the company.

However, these strengths are partially offset by ability to scale up operations while sustaining healthy asset quality and earnings profile.

As of June 30, 2026, promoters hold 56.95% of the shareholding and the promoters are expected to continue to hold the majority shareholding in the company over the medium term.

Since inception promoters and investors have infused Rs 1,159 crore in the company of which Rs 316 crore was in fiscal 2026 ...