Consumer Lending Company Seeking Loan in Chennai, India
Government approved financial service provider (Nidhi Company) with 40+ branches and 50,000 clients.
This transaction has concluded.
Premium Plan
| Established | 30-40 year(s) |
| Employees | 100 - 500 |
| Legal Entity | Public Limited Company |
| Reported Sales | USD 4.1 million |
| Run Rate Sales | USD 4.1 million |
| EBITDA Margin | 6 % |
| Industries | Consumer Lending |
| Locations | Chennai |
| Local Time | 5:45 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
340 thousand
for
10.0%
annual interest,
3
years
(Native Currency: INR 30,000,000)
Reason: We are looking to expand into other cities including Coimbatore, Trichy, Erode, and Salem. We also i...
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Collateral Available: USD 114 thousand
Includes physical assets worth
USD
5.7 million
Interested to connect with advisors
Documents
Audited Annual Report
(63.4 KB)
Incorporation Certificate
(934.3 KB)
PAN Card
(100.1 KB)
ROC-Verification.pdf
(59.8 KB)
Business Overview
- We are a Government approved Nidhi company and are a well known financial service provider in the region.
- Currently operates more than 40 branches across Tamil Nadu including 8 branches in Chennai.
- We have over 50,000 clients who use our financial products.
- Our client base has been growing at 20-30% on YoY basis.
- We are able to offer interest rates of over 10% on our Fixed Deposit accounts and have built a strong reputation for our trustworthiness.
- The physical assets owned by the business include gold, land, commercial Building, operating assets and other pledged assets.
- Currently operates more than 40 branches across Tamil Nadu including 8 branches in Chennai.
- We have over 50,000 clients who use our financial products.
- Our client base has been growing at 20-30% on YoY basis.
- We are able to offer interest rates of over 10% on our Fixed Deposit accounts and have built a strong reputation for our trustworthiness.
- The physical assets owned by the business include gold, land, commercial Building, operating assets and other pledged assets.
Products & Services Overview
Offer a range of financial products including savings account, fixed deposits, recurring deposits, loans, loan on deposit & Gold loans.
Facilities Overview
We operate through a network of more than 40 branch offices. Each branch office spans around 500-600 sq. feet.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysOwner, Food Products, Erode, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysProprietor, Pune, Financial Consultant connected with the Business
-
Earlier than 15 daysFounder, Pune, M&A Advisor connected with the Business
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