Indel Money has registered a profit of ₹55.75 crore in FY 24, a significant jump from ₹29.19 crore in FY23. Total revenue from operations also increased 55 per cent to ₹289 crore from ₹185.23 crore in FY23.
A press release issued here said that disbursements have registered a growth, reaching around ₹6,000 crore. The consolidated assets under management (AUM) for the full year stand at ₹1,800 crore, a significant rise compared with the previous fiscal year.
- Also read: Indel Money eyeing strong pan-India presence
Umesh Mohanan, Executive Director and CEO, Indel Money, said: “We have been witnessing a steady growth in profit due to consistent rise in new customer acquisition, branch expansion, customer outreach programmes and ongoing digital initiatives. We are working on developing superior operational efficiency through effective tech-integration and expert intervention. The goal is to develop a sustainable financial model that continues to focus on growth and profitability.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.