Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Mumbai-based financial services firm Arkfin Investments has invested $ 2 million in Akme Star Housing Finance Company, in lieu of a minority stake.
Following the deal, Arkfin Managing Director Anil Sachidanand will join Akme as a mentor.
"This is Arkfin’s first investment post operationalisation. We see this investment as strategic in nature, look forward towards mentoring Akme Star HFC in its expansion journey and building business growth backed by quality,” Sachidanand told BusinessLine.
“Arkfin intends to build a strong presence in semi-urban and rural markets across India in a phased manner," he added.
Arkfin Investments provides non-banking, insurance and allied services. A BSE-listed company, Akme Star HFC has been operational in lower and middle income customer segment in Rajasthan, since 2009.
“This investment will enable the company’s transformation through the establishment of a strong risk framework, geographical expansion through physical branches, onboarding of quality manpower and deployment of technological platforms aided by mobile applications,” Ashish Jain, Managing Director at Akme Star HFC said.
Akme Star HFC is increasing its footprints across Indore, Pune, Mumbai and Chennai markets and will soon roll out its products and services targeting first-time home buyers purchasing own homes under the Pradhan Mantri Awas Yojana.
"Semi-urban and rural housing story of India is still at a nascent stage. Nuclearisation of families and rapid urbanisation continues to increase the demand for housing units in these geographies. Akme Star HFC, with its risk framework and strong vintage in these markets, is well poised to cater to similar geographies in newer states as it scales up its business,” Balraj Dubey, Director at Arkfin Investments said.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
While Supreme Court has cleared the way for women seeking longer tenures and senior roles in the Indian Army, ...
Mughal Gardens in the Capital open to visitors — albeit with Covid-19 protocol — for the annual Udyanotsav
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor