Interview with Advik Capital Limited
Verticals in lending business inter-corporate funding is the first thing Advik is designed to start with, affirms Madhur Bansal, Director - Finance, Advik Capital Limited.
These days most NBFCs are going for partnerships with fintech companies. Does Advik plan to enter the digital lending space?
Advik is always open to exploring any possible partnerships or joint (projects) ventures with any possible partners. Fintech is an interesting direction and will surely be included in the exploration for expanding business.
You are planning to raise Rs 50 crore through a rights issue. Where these proceeds would be deployed? Do you have expansion plans up your sleeves?
The rights issue proceeds will be most likely deployed instantly in a HAM funding (wherein 2/3 will be a nationalized bank and 1/3 will be funded by NBFC (Bank and NBFC form a consortium funding these projects)). It is almost agreed upon and the final agreements are in process, it shall be done and the funding disbursed within April 2022. Advik has plans to expand into consumer loans (gold loans & consumer durable loans & more).
You have four verticals in the lending business, i.e., personal loan, gold loan, business loan and auto loan. What is your NPA level in each of these?
Verticals in lending business inter-corporate funding (business loans) is the first thing Advik (or any NBFC) is designed to start with. As shared above, all are simple and lined up to scale up in the corporate funding segment.
Though, yes personal loans including gold loans, consumer durable financing is next on cards. Basically, diversifying into personal loans and micro-financing segments which offer higher returns on investments and considering the numbers (population size) and growth in consumption of durables in India, it is definitely a promising way to go.
What is your loan book target for FY 2022-23?
The loan book is targeted to reach about Rs 200-300 crore during FY 2022-23.
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