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Established in 2015, Veritas Finance Limited is a Reserve Bank of India registered Non-banking financial company (NBF). Being a diversified, retail NBFC, the company mainly provides small business loans to MSMEs and self-employed individuals and has diversified further into home loans and second-hand commercial vehicle loans.The company bridges the credit gap of financially underserved MSMEs and individuals by providing products such as working capital loans, housing loans, used commercial vehicle loans, and small business loans. The company procures lead for Rural Business and Working Capital Loans in-house and employs direct selling agents for Affordable Home and Used Commercial Vehicle Loans, where 88.67% of loans are procured in-house. The company has a distribution network of 424 branches in 10 states and one union territory in India, with high density in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and West Bengal.As of September 30, 2024, the company has relationships with 36 lenders and 11 holders of debt securities, comprising banks, mutual funds, NBFCs, and alternate investment funds. As of September 30, 2024, the company has 7,704 full-time employees on payroll.
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |
In Cr.
| Key Performance Indicator | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) | 31-Mar-22 (In Cr.) |
|---|---|---|---|
| Revenue | 1,117.49 | 680.8 | |
| EBITDA | |||
| Expenses | |||
| Profit After Tax | 245.05 | 176.4 | |
| Assets | 6,421.59 | 4,086.28 | |
| Net Worth | 2,329.55 | 1,591.26 | |
| Reserves | 2,187.16 | 1,464.03 | |
| Borrowing | 3,995.81 | 2,425.32 |
Veritas Finance
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Veritas Finance
SKCL Central Square 1, South and North Wing, 7th Floor, Unit # C28 - C35, CIPET Road, Thiru Vi, Thiru Vi ka Industrial Estate, Chennai, Tamil Nadu, 600032