In the June quarter, TruCap Finance disbursed Rs 261 crore

14 Jul 2023 , 11:34 AM

In the quarter that ended in June 2023, TruCap Finance, an NBFC with a focus on micro, small, and medium-sized enterprises (MSMEs), disbursed Rs 261 crore as opposed to Rs 237 crore in March 2023 and Rs 164 crore on June 2022. This translates to an AUM of over Rs 650 crore with over 65,000 plus active borrowers.

Prioritizing co-lending and BC alliances with major lenders in Lending as a Service (L-a-a-S) was part of the strategic plan the firm established in August 2021 with the goal of improving balance sheet capital efficiency and profitability. 

HDFC Bank, DCB Bank, the Central Bank of India, Shivalik Small Finance Bank, and UGRO Capital have joined forces with TruCap in L-a-a-S. From 1% in FY’22 to over 30% in June’23, L-a-a-S Partnerships’ proportion of the loan book has increased.

By establishing Dhanvarsha branches using a cluster-based strategy, TruCap has been investing to create a powerful distribution network. In the first quarter of current fiscal year, the company opened 31 locations under the Dhanvarsha brand (powered by TRU), including 7 new locations in Rajasthan, marking its entry into the state. At the end of the quarter, there were 103 branches altogether.

In addition to Rajasthan, the company is present in the states of Maharashtra, Madhya Pradesh, Gujarat, Goa, Delhi NCR, and Punjab. Tier 2, Tier 3, and Tier 4 towns are where more than 75% of its branches are located.

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