04/08/2023
has a diversified pan-India presence with an extensive network. As of March 31, 2023, they operate in 120 cities across 16 Indian states and 2 union territories, with 152 branches. As of the same date, their is diversified across India - 30.84% in the North, 38.53% in the South, and 30.63% in the West and East together.
Strengths:
⚫The company has exhibited a robust financial track record in increasing its AUM and keeping its NPA under control.
⚫The company has increased its profit after tax from ₹850.10 on March 31, 2021, to ₹1,497.36 on March 31, 2023.
⚫It maintains a low level of AUM per state for efficient distribution of risk.
Risks
⚫The company is exposed to the risk of non-payment of loans and an increase in NPA.
⚫There are certain FIRs filed against the company or the employees by the clients.
⚫If the firm fails to recover the full value of the collateral, that might impact its profitability.
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