Aditya Birla Finance bets on SMEs as it looks to expand to 50 cities

ABFL offers SMEs lines of credit, business loans, supply-chain financing and working capital loans.

By the end of July Aditya Birla Finance Limited (ABFL) will be present in 50 cities (Tier I, II and III) across the country, growing from tapping 70 per cent of small-medium enterprises’ (SMEs) demand for credit, at present, to 85 per cent of the SME credit pool. The company has grown its lending book by 25 per cent to Rs 432.4 billion at the end of FY2018, with 27 per cent of ABFLs credit products being sold to SMEs.

“The biggest challenge is to have a uniformity in terms of quality, culture and risk management across all our branches.