The company also announced sanction of additional Rs 260 Millions term loan facility by HDFC Bank. HDFC has till date sanctioned Rs 970 Millions. The company enjoys comfortable liquidity position with debt equity ratio of 2.0x as on September 30, 2021 which gives enough headroom to further increase disbursements thereby expanding the assets under management without further leveraging the balance sheet. The strong capital base coupled with enhanced reach via expansion in branch network will help the company to expand its customer base and penetrate deeper in existing markets as well as expand its presence to new geographies.
The company is engaged in the business of micro finance, insurance
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
