Akme Fintrade (India) Limited
Incorporated in 1996, Akme Fintrade is a non-banking finance company (NBFC), offering vehicle and business loans in rural and semi-urban geographies.
What Akme files
- Others184
- Board Meeting50
- QIP/Rights/Pref.44
- Important27
- Updates24
- Dividend/Bonus20
Akme Fintrade (India) Limited secured a Rs. 15 Cr term loan from Tourism Finance Corporation of India Limited. This financing strengthens the company's capital position, potentially boosting lending operations.
Akme Fintrade (India) Limited secured a Rs 20 Cr term loan from Small Industries Development Bank of India (SIDBI). This enhances the company's financial resources for future operations.
Akme Fintrade partnered with Shriram General Insurance to distribute general insurance products via its branch network. This move expands product offerings, aims to enhance customer convenience, and promotes financial inclusion, strengthening its overall financial services portfolio.
Akme Fintrade's AUM grew 42.96% YoY to Rs. 965.07 Cr. Q1 PAT increased 20.40% to Rs. 11.57 Cr, with disbursements at Rs. 84.10 Cr. The company launched 'Akme GreenX' for sustainability financing, showing strong growth while maintaining asset quality.
AKME Fintrade launched AKME GreenX platform with Finayo to boost Electric Mobility & Renewable Energy financing. Eyes a ₹200 Cr Green Asset Portfolio in 2 years, growing to ₹1,000 Cr in 5 years.