Purple Finance Ltd — Updates, 19-05-2025: Company Update

Purple Finance Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company focuses on secured MSME loans up to ₹30 lakh with tenors up to 10 years, primarily targeting micro enterprises with annual turnover under ₹40 lakh across sectors. It operates a tech-enabled, paperless lending process with rapid underwriting and strong risk controls. The loan portfolio stands at around ₹110 Cr with a gross NPA of 0.65%, serving over 2,000 customers, 100% of whom are women borrowers or co-borrowers. The company is expanding branch presence across multiple states and has tied up with three co-lending partners.