Licenses

Empowering Growth: Spec Finance in GIFT City

SPEC Finance (IFSC) Pvt Ltd

SPEC Finance (IFSC) Pvt Ltd has been granted a Certificate of Registration (COR) by the International Financial Services Centres Authority (IFSCA) to operate as a Finance Company in GIFT City under the IFSCA (Finance Company) Regulations, 2021. The license, dated March 28, 2025, authorizes SPEC Finance to undertake lending, securitisation, credit enhancement, factoring, and forfaiting activities within the IFSC framework.

This milestone license empowers SPEC Finance to conduct lending through loans, commitments, guarantees, and structured products, as well as to provide trade finance solutions including factoring and forfaiting of receivables. The company aims to deliver cutting-edge financial services tailored for global clients, with a focus on emerging markets and cross-border trade.

NBFC License

NBFC License No IFSC/FC/2024-25/0012

Finance Company License under International Financial Services Centres Authority (Finance Company) Regulations, 2021 to carry out following activities

 

A. 5(1)(ii)(a): Lend in the form of loans, commitments and guarantees, credit enhancement, secularization and sale and purchase of portfolios

B. 5(1)(ii)(b): Factoring and forfeiting of receivables

Investment Banking License No IFSC/IB/2024-25/002

Granted In accordance with IFSCA (Capital Markets Intermediaries) Regulations, 2021

Pursuant to this license, the company is eligible to:

 

  • Participate in deals with securities
  • Undertake issue management of securities
  • Undertake transactions with financial instruments

For detailed information, contact: info@specfinance.in

Investment Banking License

 

Introduction to GIFT City:

The vision for GIFT City is to create a world-class finance and IT Zone for India to provide services not only to India but to the entire World. GIFT City envisions a state-of-the-art infrastructure backed by technology, thus providing a seamless global ecosystem with ease of doing business, to bring not just Gujarat, but the entire nation to the forefront of the global financial system. GIFT CITY is the central pillar of the tri-city approach, located on the banks of the Sabarmati River between Ahmedabad and Gandhinagar, each 30 minutes away from one another. Ahmedabad boasts a glorious history, and Gandhinagar is the central hub of policy and decisions, and GIFT City is the main centre of the economy. Each city provides a distinct supportive ecosystem. You are only thirty minutes away from the past, present, and future.

What GIFT City Brings to the Table:
  • Opportunity: To be a part of a Global Financial & Technology Hub
  • Ease of Doing Business: Single Window Clearance, all approvals of allotment, planning, construction & occupancy under one umbrella.
  • Govt. of Gujarat incentives: No stamp duty and registration charges, Development Incentives
  • A Plug & Play Infrastructure
  • Feasibility: Payment Schedule linked with development.
  • Business Cost Efficiency: 20% reduction in operating costs in relation to comparable locations
  • Government of Gujarat incentives: Attractive IT / ITeS policy offers various incentives like EPF reimbursement, lease rental subsidy, power subsidy, etc.
  • Talent Availability: Adequate IT / ITeS, financial services talent available for business requirements.
  • Talent Retention: Low attrition helps reduce the cost of new recruitment and training
India’s First Financial Centre:
  • Unified Regulatory Authority
  • Competitive Tax Regime
  • Relaxed Company Law
  • Strategic Time Zone
  • International Arbitration Centre
  • Offshore Banking
  • Capital Markets
  • Insurance
  • Finance Company
  • Global Inhouse Centre
International Financial Services Centres Authority (IFSCA):

The International Financial Services Centres Authority (IFSCA) has been established on April 27, 2020, under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar in Gujarat.

Objective Of IFSCA:

The main objective of the IFSCA is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region and the global economy as a whole. As the dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector, the IFSCA has been established as a unified regulator with a holistic vision in order to promote ease of doing business in IFSC and provide world class regulatory environment.

OGIFT IFSC Provides Following benefits:
  • Onshore International financial services business from offshore centres such as London, Singapore, New York, Dubai and Hong Kong.
  • Serves as dominant gateway for channelizing global capital.
  • Develop expertise in niche sectors such as fintech, Aircraft and ship leasing, global treasury centres, commodity markets.
  • Attractive Tax regime.
  • No Capital Control.
  • Full convertibility with 15 currencies.
  • Large access to huge hinterland Indian market.
  • Availability of large Talent pool.