What we do Shalibhadra Finance Limited is an asset finance company providing small-ticket vehicle and consumer durable loans in rural and semi-urban areas of Gujarat, Maharashtra, Madhya Pradesh, and Rajasthan. |
Founded in 1,992 |
Market share A growing NBFC with a portfolio over ₹212 crore AUM and expanding branch network, catering largely to underbanked rural regions. |
Problem solved Facilitates financial inclusion by easing access to financing for two-wheelers, three-wheelers, four-wheelers, and consumer goods in underserved areas. |
Top clients or who we serve Primarily serves rural, semi-urban customers in underbanked regions; B2C focus targeting individuals purchasing vehicles and consumer durables. |
Key management Mr. Vatsal Doshi (Managing Director), Mr. Minesh Doshi (Director), Mr. Dhruvil Doshi (Executive Director cum CFO). |
Our journey and innovations Founded in 1992; expanded from Gujarat to Madhya Pradesh and Rajasthan; launched new financing products; adopted in-house digital lending and monitoring systems. |
Where we operate Mainly Gujarat, Maharashtra, Madhya Pradesh, and recently Rajasthan with 58 branches across 40+ districts. |
Top products or what we offer Small-ticket asset financing for new and used two-wheelers, three-wheelers, four-wheelers, personal and home loans. |
Top brands Financing for all major vehicle segments with a focus on new and used two-wheelers—key growth driver with 100% secured loans. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenues are recurring from interest on financed loans with stable collections due to secured lending. |
Our industry position A niche player in rural asset finance with a credit rating of BBB- (Stable) and healthy capital adequacy. |
Financial highlights FY25 revenue ₹36.5 Cr, profit ₹16 Cr, AUM ₹212.5 Cr; consistent profit growth and expanding portfolio. |
Geographical revenue split Revenues primarily from Gujarat, Maharashtra, Madhya Pradesh, and Rajasthan markets. |
Order book - |
Whats driving growth Rural vehicle sales growth, GST rate reductions, branch network expansion, and digital lending improvements. |
Our future plans Increasing branches to 100, product diversification including home loans and micro LAP, and targeting ₹300 Cr AUM by 2027. |
Our green promise - |
Our people and values A workforce of 190 employees with average tenure over 10 years fostering strong local customer relationships. |
Key challenges ahead Intense competition from large NBFCs in consumer durables and maintaining asset quality amid rapid growth. |
Interesting facts Nearly 40% of customers return for repeat business; almost 100% loans secured with lowest NPAs in industry. |
Risks and strategy Mitigates credit and liquidity risks via strong underwriting, diversified funding, and robust monitoring systems. |
