Karvy Financial Services Limited (KFSL) is a company dedicated to serving the financially under –served
in the Micro & Small Business segment. The company since its inception has had a clear objective of becoming
a preferred loan provider to this segment in the Indian Markets. KFSL has served around 1 lac + customers
till date through a network of 75+ branches in 40 locations with a complete bouquet of financial products
that includes Secured Business Loans against property, Business/Personal loan against Gold, Small Commercial
Vehicle Loans. KFSL, established in a very challenging economic environment of 2008-2010
has made excellent progress with a loan growth of over 60% CAGR with Assets under management (AUM) at Rs 2100 cr. in FY 15.
India has 58 million micro and small enterprises with 240 million people employed. This segment contributes 45%
of India’s GDP and has immense potential to provide employment to masses. However, only 4% of the financial
needs of the sector are currently met by the banking sector with 90% of sector having no access to formal
finance. India has only 15% Debt to GDP ratio in the non-corporate, non-government segment with immense room
to grow to finance future growth.
The Government of India with its ‘financial inclusion’ initiatives has identified this huge problem and trying
to address the same with various programs to create much needed jobs and boost the overall economy.
KFSL is a step in the same direction. KFSL’s constant endeavour has been to serve the underserved customer.
KFSL has helped its micro & small business customers realize their dreams by providing them much needed capital
to grow and expand their businesses. KFSL is committed to be an organization that focuses on quality,
innovation and long lasting superior relationship with its customers.