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Consumer Lending Company for Sale in Kolkata, India

Banking business correspondent providing financial inclusion services to customers in rural areas in 3 states.
This transaction has concluded.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 1 million
Run Rate Sales USD 1 million
EBITDA Margin 30 %
Industries Consumer Lending
Locations  Kolkata
Local Time 3:01 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 3 million (Native Currency: INR 240,000,000)
Reason: Succession reason.
Includes physical assets worth USD 3.6 thousand
Documents
Business Overview

- Our clients is a banking business correspondent having tie-ups with 2 leading commercial banks to provide financial inclusion services in rural areas.

- Currently providing services in 3 states which are Bihar, Odisha and Jharkhand and covers 35 districts.

- Have 700 customers service points through which all the banking services are offered to customers.

- Serving 1.3 million customers with a year on year growth rate of 27.5%

- Promoter has experience of 4 decades and has solid business relationship with top banks in India.

- Company has INR 2 crore of cash reserves.

Products & Services Overview

Provide banking services such as account creation, banking transaction, applying for loans and others.

Facilities Overview

Have offices in all the 3 states with head office in Kolkata. Total space spans 3,000 Sq Ft and is on lease.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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