India’s Leading BFSI and FinTech Companies 2023
India’s Leading BFSI and FinTech Companies 2023 | 53 [ ADVERTORIAL ] Business Operations TVS Credit remains the leading financer for TVS Motor Company Ltd, the holding company. The As se t s Under Managemen t (AUM) of the company remain diversified with Two-Wheeler Loans accounting for 31% of total AUM, followed by Tractor Loans at 27%, Used Cars Loans, Used Commercial Vehicle Loans & Consumer Durable Loans at 10% each as of March 2022. As of FY22, the company had its presence in 26 states with southern states accounting for 38% of its AUM. TVS Credit Services Limited Ashish Sapra, CEO Dun & Bradstreet D-U-N-S® No 86-346-1637 Jayalakshmi Estates, 29, Haddows Road, Nungambakkam, Chennai, Tamil Nadu - 600006 www.tvscredit.com TVSCredit is a leadingNBFC registeredwith theRBI.Withover 31,000 touchpoints across India, the Company aims to empower Indians to dream bigger and fulfil their aspirations, bringing about much- needed inclusiveness to the financial sector. Being the number one financier for TVS Motor Company Limited and one of the leading tractor financiers, TVS Credit has a fast-growing footprint in Used Car Loans, Consumer Durable Loans, Used Commercial Vehicle Loans, and Unsecured Loans segment. Powered by robust new-age technologies and data analytics, the Company has served nearly 10 million happy customers with the help of its 17,000+ employees. Management Details Chairman Venu Srinivasan CEO Ashish Sapra Directors: Venu Srinivasan, Sudarshan Venu, R Gopalan, K N Radhakrishnan, B Sriram, V Srinivasa Rangan, Kalpana Unadkat Financials as on March 31, 2022 ( ` Cr) AUM Total Income Net Profit Networth 13,910 2755 121 1864 Loan Offerings The company’s AUM remains diversified geographically as well with no state accounting for more than 15% of AUM as of March 2022. Business Highlights FY22 • As of FY 22 end, the company reported 24% increase inAUM to ` 13,910 Cr. • The company’s total income increased by 23% to ` 2,755 Cr in FY22. • TVS Credi t regi s tered a robust growth of 45% in disbursements with disbursals of ` 12,533 Cr in FY22. • Despite subdued two-wheeler sales its Two-Wheeler Loans disbursement increased by 16% to ` 3,365 Cr in FY22 due to enhanced penetration within sub-dealers and multi- brand outlets. • The company’s tractor loan segment reported 20% rise in loan disbursement to ` 2,344 Cr in FY22 due to expansion of the company’s presence to multiplebrands andenhanced focus on Used Tractor Loans. Dun & Bradstreet
Made with FlippingBook
RkJQdWJsaXNoZXIy MTI0MjY3OQ==