Aasaan Loans - Akme Fintrade (India) IPO Details, Financials, Valuation & Peers

Akme Fintrade (India) Limited, branded as Aasaan Loans, established in 1996, is a non-banking finance company (NBFC) registered with the Reserve Bank of India. It operates as a non-systemically important non-deposit taking company, with a focus on lending in rural and semi-urban areas. With over two decades of experience, Akme Fintrade offers vehicle finance and business finance products to small business owners, aiming to meet the financial needs and aspirations of the rural and semi-urban populace. The company has maintained strong financial performance and operational efficiency through high customer acquisition and retention rates and low-cost expansion into underpenetrated areas.

Key Points:

• Market Focus:
  • Specializes in rural and semi-urban centric lending solutions.
  • Maintains a strong presence in underpenetrated areas with high growth potential.
  • Strategically focuses on clients in rural and semi-urban sectors.
• Product Offerings:
  • Vehicle Finance:
    • Provides financing for new and used two-wheelers, three-wheelers, and commercial vehicles.
    • Serves transport operators, small businesses, self-employed, and salaried individuals.
    • Secures loans through hypothecation of financed assets.
  • Business Finance:
    • Offers financial products to small business owners, SME, and MSME business owners.
• Digital Platform:
  • Developing a digital lending platform, Aasaan Loans.
  • Initial phase focuses on two-wheeler finance, undergoing User Acceptance Testing (UAT).
  • Future phases to include loan against property, commercial vehicle financing, and secured business loans.
• Operational Footprint:
  • Headquartered in Udaipur, Rajasthan, with a corporate office in Mumbai, Maharashtra.
  • Presence in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat.
  • Operates through 12 branches and over 25 points of presence, including digital and physical branches.
  • Served over 200,000 customers to date.