What we do Purple Finance Limited is a non-deposit taking NBFC focused on providing secured small-ticket loans to micro and small enterprises across India, enabling business expansion and working capital needs. |
Founded in 1,993 |
Market share Emerging NBFC with growing footprint in Tier II to IV cities, targeting underserved MSME loans market. |
Problem solved Bridging credit access gap for micro and small enterprises lacking formal banking support, fostering financial inclusion. |
Top clients or who we serve Primarily micro and small business owners (B2C) in manufacturing, trade, and services sectors in semi-urban and rural India. |
Key management Amitabh Chaturvedi (Founder & Executive Chairman), Rajeev Deoras (Co-Founder & Executive Director), Sabyasachi Rath (Co-Founder & CEO) |
Our journey and innovations Incorporated in 1993; started NBFC lending after 2013; launched retail MSME loans in 2022; merged with Canopy Finance in 2023; listed on stock exchanges in 2024. |
Where we operate Maharashtra, Gujarat, Madhya Pradesh, Uttar Pradesh, Odisha, expanding to Telangana and Rajasthan; serving Tier II to IV cities. |
Top products or what we offer Secured business loans to MSMEs ranging from ₹3 lakh to ₹30 lakh, with tenors up to 10 years and flexible repayments. |
Top brands Purple Finance MSME Secured Loans, co-lending partnerships with major financial institutions; over 32 branches across key states. |
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Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from loan interest, recurring until loan maturity; cyclical influence from economic conditions. |
Our industry position Growing NBFC with focus on micro and small enterprise lending in underserved markets; leveraging technology for agility. |
Financial highlights FY 2024-25 revenue ₹14.85 Cr; net loss ₹15.55 Cr as in investment/growth phase; expecting scale benefits from technology and branch expansion. |
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Whats driving growth Technology-enabled operations, focused MSME lending in underserved geographies, strategic branch expansion, strong risk governance. |
Our future plans Expansion into additional states, increase branch network, enhance digital lending capabilities, aim to evolve into a small finance bank. |
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Our people and values Employing over 330 personnel; culture driven by innovation, transparency, rigorous governance, customer-centric approach. |
Key challenges ahead Managing asset-liability mismatch, maintaining asset quality during growth, regulatory compliance, and competing in a competitive NBFC sector. |
Interesting facts First NBFC in India offering soft loan approval within five hours through digital onboarding; 100% women borrowers or co-borrowers. |
Risks and strategy Credit risk mitigated via secured loans and conservative LTV; liquidity managed prudently; regulatory adherence as per RBI norms; continuous portfolio monitoring. |
