Indian financial service sector is diversified, comprising of entities such as
commercial bank, co- operatives, insurance companies, Pension funds, mutual funds,
Non-Banking finance companies and various other entities.
1. Industry Structure and Developments
NBFCs (Non-Banking Financial Companies) have been playing a complementary role to the
other financial institutions including Banks meeting the funding needs of the economy
.They have fill the gaps in the availability of financial services that otherwise occur in
the un- banked segments of the society and under-served areas. NBFCs have been at the
forefront of fulfillment to the financial needs and creating livelihood sources in rural
and semi urban areas. Thus NBFCs have all the characteristics to enable the government and
regulator to achieve the mission of financial inclusion in the given time.
NBFCs segment has continuously growth in the last few years and now being recognized as
complimentary to the banking sector due to implementation of innovative market strategies,
customer oriented services, and simplified procedures.
2. Opportunities and threats
The company mainly focus to providing financial services to rural and semi-urban areas
.The opportunities of the Company further depends on introduction of fresh funds. Being a
NBFC company, company is facing inflationary pressure, Economic Cycle, Regulatory risk ,
etc. The competition in the NBFC division is intensifying on account of rising number of
players. Also, rising stringent restrictions by the RBI on the NBFCs are restricting their
borrowing abilities. However, as a matter of deliberate policy, the Reserve Bank has been
discouraging NBFCs from engaging in public deposit mobilization activities.
3. Segment-wise or product-wise performance
The Company is operating in one segment only .i.e making loans to the small borrowers
.there is a slighty growth in the business of the Company. The Company is making due
efforts to introduce new finance to enlarge its business.
4 .Internal control system
The company has established its internal control system commensurate with the
requirements of its size, nature, complexity of its business and ensure proper maintaining
of accounting records and providing reliable information. The Company has appointed M/S
Ajay Khandelwal & Associates, Chartered accountants Jaipur as internal auditors of the
Company.
5. Human Resource Management
Human resources are a valuable asset for any organization. The company is giving
emphasis to upgrade the skills of its human resources .This is in keeping with its policy
of enhancing the individual growth potential within the framework of corporate goals
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