New Launch18 Sept 2025, 06:28 pm
Purple Finance Scales New Ground in Bharat Lending, Targets 500 Cr AUM by FY27
AI Summary
Purple Finance, a non-deposit taking NBFC, has seen its loan portfolio triple in FY25 and its assets under management surpass 155 crore. With 40 plus branches spread across 6 states, the company has amassed a clientele of over 2,500 MSME borrowers majorly spread across the tier III & IV cities & district towns. The company is exploring strategic In-Organic growth opportunities in Gujarat and Rajasthan to accelerate MSME growth. Purple Finance aspires to become a Small Finance Bank and is in the process of building an institution catering to the MSME segment spread across non-urban markets of Central India.
Key Highlights
- Purple Finance's loan portfolio tripled in FY25 and its assets under management surpassed 155 crore.
- The company has a clientele of over 2,500 MSME borrowers across 6 states.
- Purple Finance is exploring strategic In-Organic growth opportunities in Gujarat and Rajasthan.
- The company aspires to become a Small Finance Bank.
- Purple Finance is building an institution catering to the MSME segment spread across non-urban markets of Central India.