Introduction
November 2025 witnessed significant borrowing activity across diverse sectors including aerospace, finance, energy, real estate, and petrochemicals. The top borrowers for the month reflect a mix of established corporates and fast-growing financial institutions, with charge amounts ranging from ₹200 Cr to ₹1,300 Cr.
This report summarizes the leading charge registrations, highlights sector participation, and identifies the key trends shaping corporate borrowing patterns for the month.
Top Charge Registrations – November 2025
| Company Name | Trade Name | Sector | Charge Amount (₹ Cr) |
|---|---|---|---|
| Tata Advanced Systems Limited | Tata Advanced Systems | Aerospace & Defense | 1300 |
| Oxyzo Financial Services Limited | Oxyzo | Finance | 730 |
| Truhome Finance Limited | Truhome Finance | Consumer Finance | 600 |
| Sweta Estates Private Limited | Central Park | Real Estate Management & Development | 535 |
| Rishi Ganga Enterprises Limited | Rishi Ganga Enterprises | Energy Equipment & Services | 400 |
| He Terminals Private Limited | H-Energy | Oil, Gas & Consumable Fuels | 300 |
| Muthoot Fincorp Limited | Muthoot Fincorp | Diversified Financial Services | 300 |
| Annapurna Finance Private Limited | Annapurna Finance | Consumer Finance | 210 |
| Haldia Petrochemicals Limited | Haldia Petrochemicals | Chemicals | 200 |
| Kashipur Holdings Limited | Kashipur Holdings | Diversified Financial Services | 200 |
Key Takeaways
1. Aerospace & Defense Leads the Month
- Tata Advanced Systems topped the list with a ₹1,300 Cr charge, significantly ahead of other borrowers.
2. Financial Services Dominate the Rankings
- Oxyzo, Truhome Finance, Muthoot Fincorp, and Annapurna Finance collectively contributed ~40% of the total borrowing activity.
3. Broad Sector Participation
- Borrowing is distributed across Aerospace, Finance, Real Estate, Energy, Chemicals, and Oil & Gas, reflecting diversified credit demand.
4. Mid-Tier Borrowers Active
- Several mid-sized charges (₹200–600 Cr) were observed from players in real estate, energy equipment, petrochemicals, and diversified finance.
5. Stable Borrowing Trend Across Industries
- No single sector shows excessive concentration, indicating balanced industry credit requirements for November 2025.
Conclusion
The borrowing landscape for November 2025 reflects strong credit appetite from both high-value industrial companies and rapidly expanding financial service providers. With aerospace leading the month and finance contributing the most entries, the data suggests a continued trend of expansion-driven borrowing.
As sectors like energy, real estate, and chemicals also register significant charges, the overall borrowing pattern points toward broad-based corporate growth and investment activity heading into the next quarter.
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