Fincare group (www.fincare.com) has Fincare Business Services, Disha Microfin, Future Financial Servicess, Lok Management Services & India Finserve Advisors as group companies.
The platform has significant equity investment from Truenorth, a premier India-focused Private Equity fund.
The Vision of the platform is to become the most admired financial services & distribution company serving clients at the base of pyramid.
The platform provides financial inclusion to low-income households in rural and semi-urban markets, primarily in Central, West and South India.
The platform has a product portfolio which includes Microfinance loans, Business Correspondent Loans and Micro-enterprise Loans.
The platform also distributes products non-credit products such as Solar Lamps, Mobile phones etc. which are aligned to client-segment needs.
The platform has an overall Assets Under Management (AUM) of over Rs 1800 Cr as on Dec’16.
The platform operates across 7 States & 1UT viz. Gujarat, Madhya Pradesh, Rajasthan & Maharashtra, Andhra Pradesh, Karnataka, Tamil Nadu and Puducherry with over 12 Lac client base.
The platform has over 3600 employees spread across 200 + locations.
The platform partners with over 35 funders.
The platform has Business Correspondent arrangement with 4 leading banks viz. Axis Bank, DCB Bank, Indus Ind Bank and Yes Bank and 1 NBFC viz. MAS Financial.