They are a Non-Banking Financial Company – Base Layer (NBFC-BL), dedicated to offering a wide array of financial solutions across vehicle financing and personal loan segments. Their primary focus is on providing loans for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, as well as small business loans and personal loans. As of March 31, 2024, we have built an AUM (Assets Under Management) size exceeding ₹ 90,000 lakhs.

Loan Portfolio Breakdown

Their core portfolio is heavily skewed toward new vehicle loans, accounting for 97.90% of the overall loan disbursements. The key statistics of our loan portfolio are as follows:
i. Two-wheeler loans (2Ws): With an Average Ticket Size (ATS) of approximately ₹ 80,000.
ii. Three-wheeler loans (3Ws): With an ATS of around ₹ 1,40,000.
Additionally, they have expanded into the rapidly growing electric vehicle market, offering loans for electric two-wheelers (EV2Ws) and electric three-wheelers (EV3Ws).

Geographical Reach and Dealer Network

Headquartered in Mumbai, Maharashtra, they operate across 66 locations linked to 29 branches spread over six states in Western, Central, and Northern India. These states include:
i. Maharashtra                     ii. Gujarat                            iii. Rajasthan                        iv. Chhattisgarh
v. Madhya Pradesh             vi. Uttar Pradesh
Through strategic partnerships, they have built a robust dealer network consisting of over 1,100 vehicle dealers, including 190 EV dealers, allowing them to serve a broad customer base efficiently.

Customer Segments

Their target customers primarily include two categories:
i. Salaried individuals                                ii. Self-employed individuals
They understand that each segment has unique financial needs and preferences. Hence, they offer customized loan products with tailored terms and conditions to suit these different customer profiles. This allows them to create value by addressing specific requirements, offering attractive and flexible loan schemes.

Looking Ahead

With their commitment to financial inclusion, innovative product offerings, and a well-established distribution network, they aim to continue expanding their business footprint while maintaining the quality of their loan book. Their approach of offering tailored financial solutions, particularly in the vehicle and EV loan segment, combined with efficient underwriting and risk management practices, positions them as a strong player in the NBFC market.