Karvy Finance Services Ltd (KFSL) plans to soon start its fifth branch in Pune at Chandan Nagar to cater to the small-scale industrial belt of Kharadi, Wagholi, Hadapsar, Viman Nagar, Wadgaon Sheri, Keshav Nagar, Mundhwa and Phursungi.
The company, which started its Pune operations in 2011, plans to double its loan portfolio in the city in the next two years by providing secured business loans to micro and small businesses.
“The availability of finance facility for the MSME segment is the growth engine of any economy,” Saurav Kothiyal, Head, Secured Business Loans, Karvy Finance, said.
“Overall, we have built a base of over 60,000 customers, AUM of Rs 2,118 crore, ROE of 17.1 per cent, and kept the gross NPA ratio at 0.11 per cent (as of November 14) against the industry average of 2.5 per cent, he added.