Shalibhadra Finance expands into Akola, Strengthening Presence in Maharashtra's Vidarbha Region

Shalibhadra Finance Limited (BSE Code - 511754), a resilient NBFC catering to unbanked and underserved geographies in the western belt of India, is pleased to announce the opening of its newest branch in Akola district, located in the Amravati division of Maharashtra. This expansion aligns with its strategy to tap into adjacent districts, building on the recent launch of a branch in the neighbouring district of Buldhana in November, 2024. With this addition, our presence in Maharashtra deepens further, taking the state-wide branch count to 18 and the total to 53 branches across India.

Home to a population of approximately 1.8 million, Akola spans 7 talukas and over 1,000 villages. Sticking to the company's strategy, the branch will initially provide twowheeler finance across every taluka, meeting the distinct credit demands of rural customers in the district. This development marks a step forward in deepening Shalibhadra Finance's Maharashtra presence and unlocking growth potential in the Amravati division, reinforcing its commitment to enhance financial access in the Vidarbha region.

Mr. Minesh Doshi, Managing Director of Shalibhadra Finance, commented on the new branch launch: "Akola becomes the latest addition to our growing network, as we extend our mission of inclusive finance across Maharashtra. This expansion strengthens our presence in the Amravati division, providing us with valuable onground insights as we prepare to enter the Nagpur division. It reinforces our commitment of empowering rural communities by providing accessible financing solutions, especially the two-wheeler loans which enables greater access to mobility and livelihood opportunities across rural areas."

Shares of SHALIBHADRA FINANCE LTD. was last trading in BSE at Rs. 508.45 as compared to the previous close of Rs. 526.90. The total number of shares traded during the day was 9984 in over 93 trades.

The stock hit an intraday high of Rs. 545.00 and intraday low of 502.05. The net turnover during the day was Rs. 5108209.00.

Source : Equity Bulls

Keywords

SHALIBHADRAFINANCE INE861D01011 NBFC NewBranch Akola Maharashtra