SPONSORED CONTENT

Dhanvarsha Finvest Ltd's Loan book grows at CAGR of 184 per cent

May 04, 2022 23:30 IST | ANI Press Release
Tennis player James Blake
Dhanvarsha Finvest Ltd's Loan book grows at CAGR of 184 per cent

Mumbai (Maharashtra) [India], May 4 (ANI/PNN): Dhanvarsha Finvest Ltd (BSE: 540268) has intimated the exchanges of a business update. The company's provisional loan book as on March 2022 stood at Rs 3050 Million, growing at a CAGR of 184 per cent growth in loan book driven by robust disbursement to MSMEs. The loan disbursement grew at a CAGR of 601 per cent.

The number of customers grew from 5935 (FY21) to 34842 (FY22) YoY, and lenders grew from 2 to 29 over 2 years, owing to the confidence of lenders in the company's model. The company's distribution also grew from 2 to 40 over a period of 2 years.

Dhanvarsha's mission started with an idea - an idea to 'build social capital' by aiming to provide credit solutions to India's large underserved and underbanked MSME segment. Promoted under the aegis of the 80 year old Wilson Group of Mumbai, the company aims to provide timely, affordable and sustainable access to credit to the country's almost 500 million under-served borrowers, either through its own balance sheet or via significant distribution tie-ups coupled with its robust technology engine.

The company prides itself on highest standards of corporate governance and transparency with an eminent and completely Independent Board that comprises of veterans from banking, fintech, taxation, regulation, and global businesses. Management has been carefully recruited from renowned institutions like Bank of America, Capital First, HDFC Bank, IDFC, Oberoi Realty, PWC, SKS Microfinance, Union Bank of India and more.

This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor