MoneyWorks4Me

TruCap Finance to adopt cluster-based approach to increase gold loan business

19 Apr 2023 Evaluate

TruCap Finance has planned to take a cluster-based approach for increasing its gold loan business. The NBFC gives MSME business loans as well as gold loans. The NBFC is present in Maharashtra, Madhya Pradesh, Delhi-NCR, Gujarat and Goa. In the first nine months of FY23, the NBFC has disbursed loans worth Rs 620 crore.

TruCap Finance (formerly known as Dhanvarsha Finvest)  is a listed, non-deposit taking RBI Registered NBFC. It is a specialized MSME lender solving the gap in providing access to affordable credit solutions to entrepreneurs.


Peers
Company Name CMP
Power Finance Corpn. 338.70
REC 311.80
NHIT 171.00
Satin Creditcare Net 237.25
IFCI 73.94
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