With vast experience gained over the years, confidence of Banks / Financial Institutions / Investors on Bhattar Family, it was decided to convert into Non-Banking Financial Company (NBFC) which came into existence in the year 2008.
Now, SRFCPL is a leading NBFC of Central India committed in providing wide range of well -designed financial solutions to meet the requirements of individuals, entrepreneurs.
Over the years, company has seen rapid business growth and it was felt to control its operations from a big and developed center and decided to shift its Corporate Office to Raipur. Accordingly, Corporate Office was set up at Centrally located area of Shankar Nagar, Raipur and now operating from very attractive five storied own building. This office itself has a workforce of about 400 employees today. Three more similar very attractive buildings with all modern amenities and healthy workplace environment are also shortly being added.
With rapid business growth, need arises to widen its scope in other segments and expand operations in other states as well.
Company entered into Personal Loan, TW Refinance, MFI and MSME segments and started opening new branches at new centers and states. All these segments also well received by customers. Company also entered into Personal Insurance segment recently. MSME Segment, a good contributor to Economy was introduced in the year 2014 with well defined, customer friendly designed product and a dedicated team of Professionals and Experienced personal. This product received very good response from customers and as of now about 25% business of the Company comes from MSME segment only i.e. within nine years of introduction.
Though, during 2015-2016 MSME Segment faced some initial hick-ups but with clear vision and MSME being thrust area of Economy, dedicated and professional team of SRFCPL overcame very quickly and started showing good growth. Banks / FIs and Investors started believing in our MSME Business Model also and Country’s largest Bank recently shown keen interest with huge Financial support.
All other products of the Company also enjoy’ good customer base with satisfaction.
Company, over the years maintained its margin and having started with Rs.2 crores of Subscribed Capital Base now stands with Rs.190 Crores of Capital Base with retention of profits and contribution from the Promoters and Rs.915 Crores AUM in books.
With this, now Banks / FI’/ Investors are showing confidence in Company and eager to financially assist Company in its growth path.
As on date, Company has a wide network of 186 branches in seven states which includes CG, JH, AP, OD, MH, RAJ & MP covering more than 100 districts of these states.
Company now employee’ about 2600 personals to its fold which includes Professionals, Highly Qualified Management as well. Company is offering good job opportunities to young and youths.
It is worth mentioning that even during COVID, Company managed with all employees and not a single person left Company from either side where as scenario was different Industrially. COVID gave us an emotional experience also that “If there is a will, there is a way “.
Company now plans to reach Rs.1500 AUM and 250 branch network by 2024.
We dedicate our-self to be a Top Class NBFC with Zero % tolerance.