TVS Motor Co. has entered right into a partnership with Paisalo Digital Ltd. for funding the three-wheeler (Internal Combustion Engine & Electric Vehicle) phase of the corporate, it mentioned in a regulatory submitting.
The non-deposit taking NBFC is listed on BSE/NSE and has 1,377 touchpoints throughout 18 states. It has co-lending preparations with State Bank of India, Bank of Baroda, Punjab National Bank, UCO Bank and Karnataka Bank and provides small earnings era loans, mobility loans and entrepreneurial loans.
During the June quarter, the corporate reported Assets Under Management of ₹3,644 crore, a web revenue of ₹38 crore and income of ₹136 crore, recording a development of 34%, 84% and 21% respectively, in response to its investor presentation.
