Shalibhadra Finance ventures into housing finance business

Shalibhadra Finance Limited (BSE Code - 511754, Mkt Cap - Rs. 438 Crores), a leading name in serving small ticket loans spread over vast rural areas, has announced the expansion of its product portfolio by adding small-ticket size housing finance in its product mix.

Shalibhadra Finance has a longstanding history of over two decades in financing twowheelers in rural areas. With a robust network of more than 50 branches spread across Gujarat, Maharashtra, Madhya Pradesh, and Rajasthan, the company has successfully built relationships with lakhs of rural customers. This extensive network and deep-rooted presence in rural areas uniquely position Shalibhadra Finance to achieve success in the newly launched housing finance segment.

Leveraging its strong base and trusted relationships in these regions, Shalibhadra Finance aims to make a significant impact by providing accessible and affordable housing finance solutions.

Following the formation of the new government, Prime Minister Narendra Modi has unveiled an ambitious plan under the Pradhan Mantri Awas Yojana to construct 3 crore new houses in villages and cities. This initiative is designed to offer affordable housing solutions to the economically weaker sections and lower-income groups across India, reflecting a commitment to improving living conditions for all. This move not only aligns with the government's vision of housing for all but also underscores the company's commitment to fostering financial inclusion and improving the quality of life for rural communities.

Commenting on these milestones, Mr. Minesh Doshi, Managing Director said, "We are excited to announce the expansion of our product portfolio to include smallticket size housing finance. This strategic addition aligns perfectly with our mission to enhance financial inclusion and support the government's vision of housing for all. By leveraging our extensive network and deep-rooted relationships in rural areas, Shalibhadra Finance is well-equipped to provide accessible and affordable housing solutions. We are committed to empowering economically weaker sections and lowerincome groups, thereby contributing to the socio-economic development of rural communities across Gujarat, Maharashtra, Madhya Pradesh, and Rajasthan."

Shares of SHALIBHADRA FINANCE LTD. was last trading in BSE at Rs. 625.00 as compared to the previous close of Rs. 622.30. The total number of shares traded during the day was 15098 in over 56 trades.

The stock hit an intraday high of Rs. 653.00 and intraday low of 618.20. The net turnover during the day was Rs. 9430399.00.

Source : Equity Bulls

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