New Launch25 Dec 2025, 08:31 pm
Radiant Cash Management Services may enter NBFC space in next 3 years
AI Summary
Radiant Cash Management Services, a leading retail cash management services company, is considering entry into the NBFC space over the next three years. The company, which has a vast network covering all districts in India, is focusing on internal accruals for the financial institution venture. Radiant Group chairman and managing director David Devasahayam said options such as acquisitions will also be explored for the NBFC. The company has deployed more than 75,000 point-of-sale (POS) machines at merchant outlets over the past two years and recorded transactions worth more than Rs 400 crore at these outlets in the last quarter alone.
Key Highlights
- Radiant Cash Management Services considering entry into NBFC space over the next three years
- Company focusing on internal accruals for the financial institution venture
- Radiant Group chairman and managing director David Devasahayam said options such as acquisitions will also be explored for the NBFC
- Company has deployed more than 75,000 point-of-sale (POS) machines at merchant outlets over the past two years
- Radiant recorded transactions worth more than Rs 400 crore at these outlets in the last quarter alone