Akme Fintrade India Ltd

Rural and semi-urban areas in India are under-served by formal banking services. The company has a strong history of serving these markets, maintaining financial performance and operational efficiency through high customer acquisition, retention rates, and low-cost expansion. They focus on clients in these sectors, with their loan portfolio in these areas at 60.70%, 61.19%, 60.22%, and 61.21% in fiscal years 2021, 2022, and 2023, and the nine months ending 31 December 2023, respectively.

The company has grown by maintaining a conservative credit assessment and risk management focus, lending to borrowers with proven track records, strong cash flow, and sufficient collateral. They have also developed a robust Vehicle Finance and small business lending operation, offering secured loans to small and medium-sized enterprises, including businessmen, traders, manufacturers, and self-employed professionals.

The company has a deep understanding of their market and customer base, which enables them to meet the financial requirements of existing and potential customers. As of 31 December 2023, 31 March 2023, and 31 March 2022, they had 32,771, 32,399, 33,959, and 45,315 customers, respectively.