Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.

The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.

The company operates in rural and semi-urban areas across four Indian states – Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers. The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.

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• Proven execution capabilities with a strong rural focus;
• Well established Vehicle Finance, small businesses lending business;
• Stable and experienced management team;
• Customer centric approach and deep understanding of target customers;
• Access to Diversified Sources of Capital and Effective Asset Liability Management;
• Robust underwriting process and risk management policies;

Hub and Spoke business model that improves efficiencies and decreases costs.

The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.

The company is operating in financial services segment which is highly competitive and fragmented one. There is no harm in skipping this pricey offer.