InCred Finance To Acquire TruCap’s Gold Loan Business For INR 330 Cr

Share via:


SUMMARY

InCred Finance is acquiring TruCap Finance’s gold loan division via a slump sale for INR 330 Cr

The deal will include a nationwide network of 115 branches, a customer base exceeding 40,000, a team of over 550 employees, and assets under management (AUM) of over INR 650 Cr

The gold loan division, post the acquisition, will be led by Saurabh Jhalaria – founding team member of InCred Finance and current head of the MSME and Education Loans verticals

In a strategic move to diversify its secured lending offerings,



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Team SNFYI
Hi! This is Admin.

Popular

More Like this

InCred Finance To Acquire TruCap’s Gold Loan Business For INR 330 Cr


SUMMARY

InCred Finance is acquiring TruCap Finance’s gold loan division via a slump sale for INR 330 Cr

The deal will include a nationwide network of 115 branches, a customer base exceeding 40,000, a team of over 550 employees, and assets under management (AUM) of over INR 650 Cr

The gold loan division, post the acquisition, will be led by Saurabh Jhalaria – founding team member of InCred Finance and current head of the MSME and Education Loans verticals

In a strategic move to diversify its secured lending offerings,



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Team SNFYI
Hi! This is Admin.

More like this

Chinese EV maker Hozon enters bankruptcy proceedings, state media...

Zhejiang Hozon New Energy Automobile, the owner of...

Vibe, Then Verify: Turning AI Risk Into Enterprise Reward

This isn’t mere speculation: Emerging AI tools can...

iOS 26 to let third-party apps build their own...

Apple’s tight grip on local wireless sharing is...

Popular

Upcoming Events