Protium which supplies loans towards property, enterprise loans, line of credit score, and equipment and gear finance, is planning to broaden its base to cater to rising variety of prospects.
“We anticipate registering our physical presence with over 150 branches in over 100 cities nationwide to cater to customers that contribute to 80% of India’s GDP,” stated Yogendra Singh, associate, Protium.
Currently, the corporate’s bodily presence spans over 85 branches in over 17 states in over 65 cities. Its worker energy has grown 300% crossing the two,200-mark inside a 12 months.
Mr. Singh stated the corporate’s technique of tapping into tier 2 and tier 3 cities had added to its geographical footprint.
In the present monetary 12 months, the firm stated it had witnessed 160% progress in AUM and 190% progress in disbursals whereas sustaining a 0.44% NPA.
“To date, we serviced more than 5 lakh customers and have disbursed loans amounting to over ₹4,400 crore and are growing steadily,” Mr. Singh stated.
He stated the firm had tied up with platforms like Flipkart, Meesho, Pine Labs, Aarzoo, Swiggy and Samsung, to cater to the credit score wants of retailers and shoppers within the nation.
