BUSINESS BRIEF

A Non-Banking Finance Company – Micro Finance Institution (NBFC-MFI) headquartered at Mumbai, registered with Reserve Bank of India, incorporated in November 2009 under the provisions of the Companies Act, 1956 founded by seasoned bankers with over three decades of experience in the financial services and commercial lending. The NBFC is in line of business of inclusive financing of micro lending to the women borrowers in the semi-urban and rural area under Joint Liability Group (JLG Model) with total presence having 56 branches across 3 states namely Gujarat, Maharashtra, Rajasthan. Promoters and associates hold 37% shareholding and rest being held by Banks & FIs. NBFC has also issued Preference shares to Banks and FIs. Credit Rating - BBB- AUM - ~Rs 250 Crs Networth - Rs 30 Crs Borrowings - 120 Crs NPA - Less than 1% It provides micro loans only to women between 18 to 59 years of age and who are in good health and engaged in some form of economic activity. Loans are provided under the Joint Liability Group (JLG) model for small businesses like imitation jewelry making vegetable /fruit shop, Street Hawkers etc and purchase of Cattle, milk business, and other agriculture activity. NBFC has implemented advance technology for front end operations, resulting in better Turn Around Time (TAT), thereby improving overall productivity for functioning the resource.