Capri Global Capital has received Corporate Agency license from Insurance Regulatory and Development Authority of India (IRDAI) for setting up of insurance business. It is eyeing to generate net Insurance Income of around Rs 20 crore in FY 2024-25. There will be expected approximate increase in variable cost in the range of Rs 2-3 crore on annual basis.
Capri Global Capital is engaged in the business of providing loans to Micro, Small and Medium Enterprises (MSMEs), providing long term finance for construction of residential houses in India, retail Lending in India and in providing ancillary services related to the said business activities.
