Trucap Finance Limited Crosses ₹1,000 Crore AUM Milestone

On April 4, 2024, Non-Banking Financial Company (NBFC) Trucap Finance Limited informed the stock exchanges that the company had crossed a milestone of over ₹1,000 crores of Asset Under Management (AUM) in Q4 FY2024.

The financial service provider stated that this achievement has been driven by various factors, including its expanding network of 122 branches, which offers a wide geographical coverage focused around MSME hubs. The company has also been investing in on-ground outreach initiatives, improving customer service, and expanding opportunities with its Lending-as-a-Service or L-A-A-S partners.

Trucap Finance said they prioritise financial inclusion and sustainability and have been actively funding companies in clean energy space, promoting environmentally responsible practices. The company also focuses on funding women entrepreneurs, recognising their vital role in driving economic growth and fostering inclusivity in the business landscape.

The company boasts an exceptional track record, serving a cumulative customer base of more than 3,10,000 borrowers. Additionally, TruCap has forged partnerships with 47 lenders,

further improving the company’s capacity to meet the diverse needs of its customers.

Speaking of the milestone achievement, the Managing Director and CEO of Trucap

Finance Ltd, Mr Rohan Juneja, said, ‘I am immensely proud to announce that our company has crossed the significant milestone of crossing INR 1,000 crore of Asset Under Management (AUM). This achievement is a testament to the dedication and expertise of our team, as well as the trust and confidence bestowed upon us by our clients.”

He further added, “This milestone sets the stage for the next leg of our growth journey. We remain committed to delivering inclusive financial solutions and further bolstering our mission to empower small businesses. I would like to thank the entire TruCap team and all our stakeholders for their continued support, which helps us set and achieve new benchmarks.”

On April 4, 2024, the share price of Trucap Finance Limited opened at ₹71.35, touching the day’s high at ₹72.80, as of 12:39 PM on the NSE.

About TruCap Finance Limited

TruCap Finance Limited is a non-deposit-taking NBFC registered with the RBI. The company focuses on offering financial services to MSMEs and individuals. TruCap Finance Limited, previously operated as Dhanvarsha Finvest Limited.

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