TruCap Finance crosses AUM of INR 1,000+ crores

Trucap Finance Limited (BSE: 540268) (NSE:TRU), a financial services company, providing credit solutions to the large and underserved MSME segment and individuals in India, has crossed a milestone of INR 1,000+ crores AUM in Q4 FY2024.

This achievement has been driven by multi-fold factors including its expanding network of 122 branches which provides wide geographical coverage, focused around MSME hubs. The company has been investing in on-ground outreach initiatives, improving customer service, as well as expanding opportunities with its Lending-as-a-Service or L-A-A-S partners.

TruCap prioritises on financial inclusion and sustainability and has been actively funding businesses in clean energy space, promoting environmentally responsible practises. The Company also places emphasis on funding women entrepreneurs recognising their vital role in driving economic growth and fostering inclusivity in the business landscape.

The Company boasts an impressive track record, serving a cumulative customer base of over 3,10,000 borrowers, which underscores the widespread trust and confidence in company's financial services and solutions. Additionally, TruCap has forged partnerships with 47 lenders, further enhancing its capacity to meet the diverse needs of its customers. This network of lenders reflects the Company's commitment towards easing last mile access to a wide array of financial products and resources, ensuring that customers receive tailored and competitive offerings.

Commenting on this accomplishment, Mr Rohan Juneja, Managing Director & CEO, Trucap Finance Ltd. said, 'I am immensely proud to announce that our company has crossed the significant milestone of crossing INR 1,000 crore of Asset Under Management (AUM). This achievement is a testament to the dedication and expertise of our team, as well as the trust and confidence bestowed upon us by our clients.

This milestone sets the stage for the next leg of our growth journey. We remain committed to delivering inclusive financial solutions and further bolster our mission to empower small businesses. I would like to thank the entire TruCap team and all our stakeholders for their continued support, which helps us set and achieve new benchmarks.'

Source : Equity Bulls

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TruCapFinance AUm Q4FY2024