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    Home»Miscellanous

    Aditya Birla Finance jumps onto Microfinance bandwagon

    Sushma SinghBy Sushma SinghJune 8, 2023 Miscellanous
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    Aditya Birla Finance jumps onto Microfinance bandwagon
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    Aditya Birla Finance (http://www.adityabirlafinance.com/) which is a subsidiary of Aditya Birla Nuvo and is the NBFC arm of the Aditya Birla Group has announced its entry into the microfinance sector of India. Aditya Birla Finance is the newest entrant to the Indian microfinance sector and follows other biggies like Reliance Consumer Finance, L & T Microfinance, and Fullerton all of whom have entered the microfinance sector in the last two years.

    Market sources revealed that the company has just closed a financing deal with a large Hyderabad headquartered microfinance institution that has a borrower base of more than 100,000 customers.

    Aditya Birla Finance jumps onto Microfinance bandwagon

    Aditya Birla Finance is one of India’s leading non-banking financial companies (NBFC). Started in 1991, the company is considered to be one of the largest players in security-based lending and is a dominant player in IPO Financing.

    Speaking on his company’s entry in the Indian Microfinance sector to the media, Sudhakar Ramasubramanian who is the Chief Executive Officer (CEO) of Aditya Birla Finance said that the microfinance sector in India is one of the fastest-growing segments in the financial services category and Aditya Birla Finance is looking forward to building a large and healthy portfolio over the next few years.

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    sushma
    Sushma Singh

      Sushma is a seasoned business writer and content creator with over 7 years of experience in the field. She has a talent for taking complex topics and breaking them down into easily understandable language that engages and educates her readers. Her expertise allows her to cover a wide range of topics relevant to the B2B industry, providing business owners with the knowledge they need to make informed decisions and drive growth.

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