UN SDGs impacted
Our approach to the prudent management of financial capital is centred on maximising impact financing by promoting financial inclusion among the underserved ‘missing middle’ customer group, which includes micro-entrepreneurs and agri-preneurs. With a strategic focus on the rural regions of the country, where agriculture and cattle farming are predominant livelihood activities, our financing solutions are tailored to support these critical sectors.
We aim to achieve sustainable growth and profitability through efficient efficient deployment of capital and operating efficiency. Through rigorous financial oversight and strategic investment, we ensure that our capital deployment supports immediate business needs and fosters long-term economic development and sustainability.
Our branch expansion and productivity improvement have resulted in robust AUM growth in FY24, with a 112% year-on-year increase to ₹ 730 crore. This strategic momentum also supported growth in overall disbursements, accentuating our asset progress and propelling profitability.
Disbursement growth
registered to ₹ 665 crore
Our strategic focus on enhancing productivity, and leveraging operational efficiencies coupled with declining borrowing costs has driven significant profitability improvements. In FY24, we registered income of ₹ 128 crore and demonstrated strong turnaround in profitability by reporting profit after taxes of ₹ 9.14 crore compared to a net loss of ₹ 6.8 crore last year. Additionally, we achieved an ROE of 8.1% in FY24, with further improvements expected as we continue to scale our operations.
Income growth (y-o-y)
₹ -6.80 cr FY23 PAT
-12.6% in FY23 ROE
We strengthened our capital base by raising ₹ 85.13 crore of equity during FY24. This includes ₹ 75+ crore equity raised by way of preferential allotment which is double the existing capital base and provide a strong boost to the expansion plan and business growth. Net worth more than doubled to ₹ 168.85 crore as compared to ₹ 76.40 crore as of FY23.
With the addition of leading banks and NBFCs, and the issue of debt via securitisation and NCD issuance, we have diversified our funding sources and reduced the borrowing costs. The Company listed its Non-Convertible Debentures on BSE for the first time in FY24 which therefore assisted in tapping resources through retail debt participation.
Significant decline in incremental cost of funding.
Equity raised in FY24
76% y-o-y (₹ 48.39 cr raised in FY23)
GNPA
NNPA
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