ANI PR Wire
03 Feb 2023, 18:15 GMT+10
Mumbai (Maharashtra) [India], February 3 (ANI/PNN): South India's leading NBFC, KLM Axiva Finvest Ltd expands its footprint in Maharashtra. Dr Narendra Mairpady, Former Chairman & MD, Indian Overseas Bank in the presence of Shibu Thekkumpuram Executive Director, KLM Axiva inaugurated the company's zonal office. This occasion also marks the commencement of the company's operations across 25 centers in the Mumbai Metropolitan Region.
"Being 24+ years in the business with over 570+ branches across 5 southern states we are now entering Maharashtra. We see tremendous potential in Mumbai and Maharashtra in times to come. So, starting with Mumbai Metropolitan Region we will be opening 100+ centers across Maharashtra by the end of next financial year and we expect to reach a milestone of 5000 Crore by 2025 said Manoj Ravi - Chief Executive Officer, KLM Axiva Finvest
KLM Axiva Finvest being a non-deposit-taking systemically important NBFC, primarily focuses on providing Gold Loan, MSME Loan, Personal Loan, and Micro-Finance Loans. In order to create a robust ecosystem of secured financial lending the company has begun preparations for an Initial Public Offering.
KLM Axiva Finvest has appointed Vivro Financial Services as the merchant banker & has signed the mandate for IPO Equity Issue. The draft prospectus for IPO Equity Issue is to be filed in 2023 & shall commence in the year 2024."
The company also held investors meet to brief them about the company's performance, future plans, and the upcoming 8th edition of NCD that KLM Axiva Finvest plans to launch in the coming days. The company had successfully raised 189 Crores during its last NCD issued in Oct 2022.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
Get a daily dose of Herald Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.
More InformationWASHINGTON, DC - U.S. President Donald Trump has joined Israel's war on Yemen's Houthis, days after the group said it would resume...
LOMPOC, California: NASA launched a new telescope into space this week to study the origins of the universe and search for hidden water...
AUSTIN/SANTA FE: Texas/New Mexico have reported 28 new measles cases in the past five days, bringing the total to 256 since the outbreak...
WASHINGTON, D.C.: U.S. Transportation Secretary Sean Duffy announced that helicopters will be permanently banned from flying near Washington...
NEW YORK CITY, New York: The U.S. must accelerate its efforts to develop fusion energy or risk losing its edge to China, Virginia Governor...
WASHINGTON, D.C.: In the past 20 years, China has become the world's top shipbuilder, producing more than half of all commercial ships....
(Photo credit: Dale Zanine-Imagn Images) The Atlanta Hawks occasionally run into stumbling blocks while trying to complete their...
(250316) -- MILAN, March 16, 2025 (Xinhua) -- AC Milan's Tijjani Reijnders scores during a Serie A football match between AC Milan...
(250316) -- SAN FRANCISCO, March 16, 2025 (Xinhua) -- Jimmy Butler (L) of Golden State Warriors drives the ball during the 2024-2025...
Mumbai (Maharashtra) [India], March 16 (ANI): A dream run continued for New Zealand and Mumbai Indians (MI) all-rounder Amelia Kerr...
(250316) -- AUGSBURG, March 16, 2025 (Xinhua) -- Philip Tietz (R) of FC Augsburg celebrates his goal during the German first division...
(Photo credit: Ron Chenoy-Imagn Images) Jordan Poole swished a 35-foot, 3-pointer with 1.8 seconds left to give the visiting Washington...