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Today Date : Wednesday, February 28, 2024

A significant milestone in Shrinithi Capital's journey

A significant milestone in Shrinithi Capital's journey

Shrinithi Capital Pvt. Ltd., headquartered in Chennai and specializing in commercial vehicle and two-wheeler loans, proudly announces its recent collaboration as a Business Correspondent with ESAF Small Finance Bank Ltd., a leading small finance bank in India. The formal agreement was inked during a signing ceremony attended by Mr. Hari Velloor, Executive Vice President of ESAF Small Finance Bank, and Mr. S. Sellamani, MD & CEO of Shrinithi Capital Pvt. Ltd in the presence of Mr.K.Paul Thomas, MD, ESAF Small Finance Bank.

The collaboration with ESAF Small Finance Bank marks a significant milestone in Shrinithi Capital's journey, providing a strategic avenue to expand its assets under management and geographical expanding.

Speaking about the company's remarkable growth during the pandemic, S. Sellamani, MD & CEO of Shrinithi Capital Pvt. Ltd., stated, " Our partnership with ESAF Small Finance Bank aligns with our expansion goals, as we plan to disburse Loans to small truck transporters and Owner Cum Drivers. As a part of our expansion process, we plan to open 30 more branches in South India and aiming to double our AUM from 300 crores to 600 crores by 2024."

As part of its expansion strategy, Shrinithi Capital aims to increase its branch network from 50 to 80, extending operations to Kerala, Andhra Pradesh, and Karnataka.