Arka Fincap Dec ’28

Bengaluru: Arka Fincap Ltd., a Kirloskar Group company, announced the launch of its secured retail lending platform, introducing a focused range of products aimed at improving credit access for small business owners across India’s Tier 2, 3, and 4 cities. With offerings such as Secured Business Loans and Used Vehicle Loans, the company is addressing the financing needs of entrepreneurs and self-employed individuals who often remain underserved by traditional financial institutions. At the core of this initiative is ‘Aapka Apna’, Arka’s refreshed brand identity, which reflects its commitment to building trust-based, long-term relationships with customers. Arka Fincap will continue focusing on its practice of transparent, responsive, and context-aware lending practices that understand and adapt to the realities of grassroots businesses. “We are not just offering business loans. We are offering belief,” said Samrat Gupta, Managing Director, Arka Fincap Ltd. “Through ‘Aapka Apna’, we aim to continue with our focus on a credit culture that is rooted in trust, technology, and empathy” The new loan offerings are designed to simplify access to finance through features such as 24-hour disbursal for eligible customers, interest-saving options through prepayment flexibility, and dedicated relationship managers for personalized support. Arka’s policies are locally contextualized, taking into account the geographic and economic nuances of the markets it serves. Additionally, customers are encouraged to maintain healthy credit behaviour through performance-based rewards for timely repayments.

Mumbai, 7th October 2024: In line with their continued focus and commitment to support the burgeoning MSME sector and in order to bridge the gap in financing in India, Arka Fincap Limited, a NBFC, part of Kirloskar Group, is proud to announce the launch of ‘Uday’, its new Small Ticket Loan Against Property (STLAP) product offering. These loans will be available to the MSME business owners within the ticket size ranging from ₹10 lakh to ₹30 lakh. This product aims to address the growing credit needs of small businesses across Tier 2, 3, and 4 cities and towns, providing vital financial support for their growth and expansion. ‘Uday’ would be rolled out, initially, in five key locations in Tamil Nadu viz. Salem, Vellore, Tirupur, Porur, and Coimbatore, this launch marks the beginning of a broader, pan-India expansion deeper into Bharat. Arka Fincap Limited has ambitious plans to extend the product’s reach to MSMEs across the country, ensuring that small business owners in various regions can benefit from this accessible and flexible credit solution. "Our foray into the Small Ticket Loan Against Property product segment with ‘Uday’ is a part of our constant endeavour to empower MSMEs, particularly in underserved regions," said Vimal Bhandari, Executive Vice Chairman and CEO, Arka Fincap. "By providing quick and reliable access to credit, we can help foster the entrepreneurial spirit in smaller cities and towns, driving growth from the grassroots level. We are committed to creating financial inclusion and supporting the backbone of India’s economy—the MSMEs." Navin Saini, Chief Business Officer – Retail & MSME Lending, Arka Fincap, added: " We are excited to introduce 'Uday', our latest product offering, marking a significant step forward as we expand our presence in the Small Ticket Loan Against Property (STLAP) segment. While this market has traditionally been dominated by Small Finance Banks and large NBFCs, we see a tremendous opportunity to stand out by delivering customer-focused and tailored solutions that cater specifically to the unique needs of MSMEs." The launch of ‘Uday’ is a key milestone in Arka Fincap’s broader mission to provide customized, accessible financial solutions for MSMEs throughout India. With a focus on helping businesses succeed, ‘Uday’ will serve as a critical tool in addressing the credit gap faced by many MSMEs, enabling their long-term growth and sustainability. As a non-banking financial company (NBFC), and with a CRISIL rating of AA/ Stable for long term and A1(+) for short term borrowings with a positive outlook, Arka ably offers growth capital to businesses. Arka Fincap’s AUM (as on 30th June, 2024) is at Rs. 5768 Cr. with 53% contributed by the SME business. Arka has currently rolled out this product in the Southern market which will soon be offered in other regions. About Arka Fincap: Arka Fincap Limited started in 2018 as a subsidiary of Kirloskar Oil Engines Limited (KOEL), growing from the intrinsic learnings of its 130-year-old legacy. Arka operates in four main business segments: MSME & personal lending, corporate lending, real estate & urban infrastructure financing and syndication. As a non-banking financial company (NBFC), and with a CRISIL rating of AA/ Stable for long term and A1(+) for short term borrowings with a positive outlook, Arka ably offers growth capital to businesses. As on as on 30th June 2024, Arka’s AUM was INR 5768 Cr with the retail AUM constituting 53% of the total AUM. From the presence across 34 branches in India as on 30th June 2024, Arka has been expanding its reach to enable businesses across the nation to get ahead.