Thirdwave Financial Intermediaries Limited shifted from a Non-Banking Financial Company to the food and beverage industry and wholesale trading of pulses as of 2022.

In 2018, the company shifted focus from the lending business due to risk aversions in the current market and capitalized on a strong capital market presence.

After exploring capital markets, the company disengaged from the inter-corporate loan portfolio, reflecting careful risk management.

In recent years, Thirdwave expanded into wholesale trading in the agricultural sector, broadening its scope beyond financial services.