Business Profile : Pradakshana Fintech Private Limited
Background:
Pradakshana Fintech Private Limited (Pradakshana) is a Non-Deposit Taking and Non-Banking Finance Company registered in Nagpur, Maharashtra under the Companies Act 1956.The goal of the company is to provide comprehensive financial and business solutions to enterprises from the ‘missing middle’ income segment. The Company is being promoted by a seasoned microenterprise and development professional.
• The company was originally founded in 1995 under the name Mimoza Enterprises Finance Private Limited, with its registered office in New Delhi.
• In 2014, Mr. Kishore Kumar Puli, the Promoter, took control of Mimoza Enterprises Finance Private Limited and began operations.
• Mimoza Enterprises Finance Private Limited was renamed to Pradakshana Fintech Private Limited in 2017.
• Pradakshana currently operates out of 30 (including Managed) branches covering 17 districts of Telangana, Maharashtra, Chhattisgarh, Karnataka, and Odisha.
• The Company serving as a Business Correspondent (BC) to Fincare Small Finance Bank in Telangana and Maharashtra states from June 2019, Avanti Finance Private Limited in Maharashtra from December 2022 and Trickle Floods Technologies Pvt Ltd (IndP2P) in Karnataka state from January 2023 for the development of a Micro Finance Portfolio. The Gross Loan Portfolio Outstanding under BC model stands at Rs.114.12 Cr (Fincare – Rs.110.10 Cr & Avanti – Rs.3.75 Cr & IndP2P – Rs.0.12 Cr) with 46,607 client base as on 31st March 2023.
• Cumulatively the Company (including BC) has disbursed loans of Rs.293.77 Crores as of 31st March 2023
• Gross loan portfolio outstanding (including BC) stands at Rs.121.11 Crores with 49,117 active borrowers as on 31st March 2023
• As of March 31, 2023, the Gross NPA was 2.25% and the Net NPA was 2.00%.
• Company has been profitable for the last five years and booked PAT of Rs.67 lakhs during 2022-23 financial year.
Business Profile : Pradakshana Fintech Private Limited
Background:
Pradakshana Fintech Private Limited (Pradakshana) is a Non-Deposit Taking and Non-Banking Finance Company registered in Nagpur, Maharashtra under the Companies Act 1956.The goal of the company is to provide comprehensive financial and business solutions to enterprises from the ‘missing middle’ income segment. The Company is being promoted by a seasoned microenterprise and development professional.
• The company was originally founded in 1995 under the name Mimoza Enterprises Finance Private Limited, with its registered office in New Delhi.
• In 2014, Mr. Kishore Kumar Puli, the Promoter, took control of Mimoza Enterprises Finance Private Limited and began operations.
• Mimoza Enterprises Finance Private Limited was renamed to Pradakshana Fintech Private Limited in 2017.
• Pradakshana currently operates out of 30 (including Managed) branches covering 17 districts of Telangana, Maharashtra, Chhattisgarh, Karnataka, and Odisha.
• The Company serving as a Business Correspondent (BC) to Fincare Small Finance Bank in Telangana and Maharashtra states from June 2019, Avanti Finance Private Limited in Maharashtra from December 2022 and Trickle Floods Technologies Pvt Ltd (IndP2P) in Karnataka state from January 2023 for the development of a Micro Finance Portfolio. The Gross Loan Portfolio Outstanding under BC model stands at Rs.114.12 Cr (Fincare – Rs.110.10 Cr & Avanti – Rs.3.75 Cr & IndP2P – Rs.0.12 Cr) with 46,607 client base as on 31st March 2023.
• Cumulatively the Company (including BC) has disbursed loans of Rs.293.77 Crores as of 31st March 2023
• Gross loan portfolio outstanding (including BC) stands at Rs.121.11 Crores with 49,117 active borrowers as on 31st March 2023
• As of March 31, 2023, the Gross NPA was 2.25% and the Net NPA was 2.00%.
• Company has been profitable for the last five years and booked PAT of Rs.67 lakhs during 2022-23 financial year.