Shrinithi Capital Pvt Ltd engaged in commercial vehicle and two-wheeler loans aims to double its total assets under management to Rs 600 crore by 2024, a top official said on Saturday.
The Chennai-headquartered firm currently has assets under management of Rs 300 crore.
Under its expansion drive, Shrinithi Capital Pvt Ltd has planned to strengthen foot prints in southern parts of the country.
“Shrinithi’s rapid ascent in the industry, coupled with exemplary collection figures even during challenging times, has garnered attention across the sector. As part of our expansion process, we plan to open 30 more branches in South India and aim to double our AUM from Rs 300 crore to Rs 600 crore by 2024,” company managing director and CEO S Sellamani said in a statement.
The company today tied up with ESAF Small Finance Bank to offer a business correspondent facility.
Sellamani and ESAF Small Finance Bank executive vice president Hari Velloor exchanged documents as part of the tie-up betwe
