HomeGold LoanRadian Finserv eyes 500 Crore AUM threshold in 2024, plans aggressive progress

Radian Finserv eyes 500 Crore AUM threshold in 2024, plans aggressive progress


Bengaluru, February 23, 2023: Radian Finserv, a gold mortgage non-banking monetary firm (NBFC) is seeking to cross the Rs. 500 crore property below administration (AUM) mark in 2024, by increasing its footprint within the six states it at the moment operates in. Radian was included in Sep 2020 and commenced operations in early 2022. Radian presently has 22 branches throughout Karnataka, Tamil Nadu, AP, Telangana, MP and UP providing gold loans.

Radian goals to serve a large buyer base and supply a complete vary of monetary services within the months to observe. Growth plans embrace opening new branches, hiring staff and implementing state-of-the-art expertise to unlock the potential of India’s credit score market.

The growth of gold mortgage companies via storefronts and doorstep providing is a part of Radian Finserv’s ongoing efforts to make its monetary services extra accessible to clients throughout India. The corporate has demonstrated regular progress within the final six months by constructing the framework and is now poised to speed up its progress plans. 

Radian was co-founded by Sanjiv Bhasin, Sumit Sharma and Sunil Khanna, who’ve intensive worldwide expertise in constructing and increasing organizations, in banking and monetary companies. Their imaginative and prescient and plans are mirrored within the firm’s concentrate on offering distinctive companies and utilizing high finish expertise to clients to assist them meet their monetary wants.

Reflecting on their plans, Sumit Sharma mentioned, “Our unwavering dedication to our clients is on the core of our enterprise. We’re thrilled to be a part of India’s progress story and consider that we’re well-positioned to grab the alternatives that lie forward.”

He additional added “We at Radian consider in offering revolutionary and customer-centric monetary options to assist people and companies obtain their monetary objectives. With our sturdy concentrate on expertise and distribution, we’re poised to disrupt the normal monetary companies panorama and pave the best way for a brighter and extra affluent future.”

Talking on the growth plans, Parrtha Sengupta, Chief Enterprise Officer, mentioned “We’re assured that the gold mortgage trade will proceed to thrive, with progress projections of 12-15% within the monetary yr 2023-24. Our objective is to develop our attain and serve a wider vary of consumers, notably those that have been underserved up to now. By offering monetary help and creating employment alternatives, we purpose to empower people to satisfy their goals. Our concentrate on department growth and robust capital base will permit us to develop our mortgage guide and penetrate deeper into newer markets.”

Radian Finserv is devoted to innovation and distinctive customer support, and the corporate’s strategy to monetary companies combines the most recent expertise with the human contact to fulfill the evolving wants of shoppers.

About Radian Finserv:

Radian Finserv is a technology-focused gold mortgage non-banking monetary firm (NBFC) headquartered in Bengaluru. The corporate is at the moment providing gold mortgage companies via buyer doorstep companies and devoted 22 branches, at aggressive rates of interest throughout six states. With over one yr in operations, it has demonstrated monetary accessibility to clients at their comfort backed by superior expertise and customized help.

For extra info, please contact:

Asleen Sharma

Head – Media Relations

+91 9711306384

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