SBFC Finance is a non-deposit taking non-banking finance company (NBFC-ND-SI) that was incorporated in 2008. It offers Secured MSME Loans and Loans against Gold to entrepreneurs, small business owners, self-employed individuals, salaried and working-class individuals.
The company has one of the highest assets under management (AUM) growth rates among MSME-focused NBFCs in India. Its AUM grew at a CAGR of 40% in the period from Fiscal 2019 to Fiscal 2022. Its disbursements also grew at a CAGR of 39% during the same period.
As of 31 December 2022, SBFC Finance had a presence in 105 cities, spanning 16 Indian states and two union territories. It had 137 branches and its AUM was diversified across India, with 30.89% in the North, 38.16% in the South, and 30.95% in the West.
The company had provided loans to 56,587, 72,816, and 94,997 customers as of 31 March 2021, 31 March 2022, and 31 December 2022, respectively. Its Gross NPA ratio was 2.28%, 3.16%, 2.74%, and 2.51%, respectively, and its Net NPA ratio was 1.58%, 1.95%, 1.63%, and 1.54%, respectively.