Shalibhadra Finance Ltd deepens presence in Madhya Pradesh with New Narmadapuram Branch

Shalibhadra Finance Limited, is pleased to announce the opening of a new branch in Narmadapuram, Madhya Pradesh, strengthening its geographic presence and enhancing customer accessibility. Madhya Pradesh is emerging as one of the key focus states for the company, and the Narmadapuram branch marks the beginning of a deeper, more sustained expansion across customers in the region.

The Narmadapuram branch is Shalibhadra Finance Limited's 9th branch in Madhya Pradesh, and with this latest addition, the Company's total branch network has expanded to 58 branches. By initially focusing on two-wheeler financing in this district, the branch aligns with Shalibhadra's strategy of promoting economic participation in rural India through targeted, mobility-driven financing solutions, while complementing the company's existing range of secured and purpose-based loan products for self-employed individuals, small businesses and salaried customers.

Mr. Vatsal M. Doshi, Managing Director, commented, "Situated along the Narmada river valley, Narmadapuram serves as a key connector between surrounding rural blocks, small towns and the Itarsi junction, one of India's busiest railway hubs. Everyday mobility for workers, traders and small business owners in and around Narmadapuram is heavily dependent on two-wheelers, which offer the most practical and affordable mode of transport across dispersed villages and market centres. The opening of this branch therefore represents an important step in Shalibhadra Finance Limited's planned expansion to reach 100 branches by end of FY27, aligning the company's two-wheeler financing vision with the dominant mode of local transportation. By strengthening its presence in such high-potential markets, the Company aims to improve customer access, build stronger local relationships and meet the increasing demand for its loan products.

These new branches will help Shalibhadra grow its operations in a careful and sustainable manner while continuing to maintain strong credit standards and asset quality, supporting the company's focus on steady growth backed by local market knowledge, risk controls and a customer-focused approach."

Shares of SHALIBHADRA FINANCE LTD. was last trading in BSE at Rs. 102.45 as compared to the previous close of Rs. 103.05. The total number of shares traded during the day was 7609 in over 67 trades.

The stock hit an intraday high of Rs. 103.50 and intraday low of 100.45. The net turnover during the day was Rs. 783674.00.

Source : Equity Bulls

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