Milestones

Milestones in 5 Years

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Start

2017

Crossed AUM – ₹100 crore
Branch Network- 28 (No’s)
Lender Base – 2
Appointment of Independent Director- Mr. Surendra Mehta & Mr. Sandeep Chhajer.
Appointment of Executive Director-Ms. Aneesha Baid.
External Credit rating BB+

2019

Crossed AUM – ₹326 crore
Profitability increased to 9.45 crore
More than 58% growth in Net worth reaches 68 crore
Branch Network- 67 (No’s)
Entered in New Geography- Gujarat
Sales officer (RO) headcount double
Rating upgraded to BBB in July 18.
Equity Infusion by promoters ₹ 15.60 Cr.
Lender Base- Banks- 4 (No’s) & FI’s - 27 (No’s)
Independent Director- Mr. Kishore Kumar Sansi (Ex- CMD Vijaya Bank).
Rating upgraded to BBB in July 18.

2021

External Credit Rating evaluated by BWR & Acuite as “BBB+” with an Stable Outlook.
Listed NCD on BSE at WDM (Subscribed by – BOB & PNB Banks) along with Ak Capital.
On boarded new PSB lenders i.e. SBI Bank , SIDBI & Mudra.
Implemented Internal Audit Department.
Fresh Equity Infused by promoter & promoter group companies to the tune of ₹ 5 crore on Sept 30, 2020.
Net-worth raised to ₹ 96.84 Crore

2016

Crossed AUM –₹ 64 crore
Branch Network- 27 (No’s)
Lender Base – 2
Launched New Product-LAP

2018

External Credit rating BB+
Equity Infusion by promotor s ₹168.73 Mn
Crossed AUM – 200 crore
Branch foot prints increased to 45(No’s)
Launched Business Loan, Personal Loan, Two Wheeler Loan and Tractor Loan
Lender Base- 17

2020

Crossed AUM ₹419 crore
Rating Upgraded to BBB+ in July 19
Branch foot prints increased to 86 (No’s)
Entered in New Geography- Madhya Pradesh.
PSU bank was on boarded i.e. Bank of Baroda & Punjab National Bank (Ernst OBC)
Private Bank on boarded i.e Bandhan Bank.
Equity infusion by promoters ₹ 5 Crore
Launch of Internal Training Module.
Launch of Referral App (Laxmi Mitra)
Launch E-NACH platform.
Lender Base- Banks- 9 (No’s) & FI’s - 25 (No’s)

2022

Crossed AUM ₹ 532.60 crore.
Up gradation of External Credit Rating evaluated by Acuite from “BBB+” to “A-” with an Stable Outlook.
Net-worth stood at ₹ 127.42 Crore
Fifth off book transaction - ₹ 38.86 crore
On boarded new lenders i.e. Federal Bank, Dhanlaxmi Bank, NAFA. Cholamandalam Investment & Finance Company.
Fresh Equity Infused by promoter & promoter group companies to the tune of ₹ 13.00 crore in FY 21-22.