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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.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 1.2 million
EBITDA Margin 30 %
Industries Consumer Lending
Locations  Kolkata
Local Time 11:47 PM Tamil Nadu
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 3.3 million (Native Currency: INR 240,000,000)
Reason: Succession reason.
Includes physical assets worth USD 4 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
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
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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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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