Profectus Capital sees loan book at ₹4,500 crore this fiscal

Non-bank financier Profectus Capital, which lends to small businesses, wants to fund newer areas aligned to the government's incentivized local manufacturing scheme and grow its book to ₹4,500 crore by end of this fiscal, chief executive officer K.V.Srinivasan said

- Shayan Ghosh

Founded in 2017 by Srinivasan, who was earlier the chief executive of Reliance Commercial Finance, Profectus is backed by private equity firm Actis. "We should cross ₹4,000-4,500 crore by the end of this financial year. Ultimately, by about FY26, we should touch ₹10,000 crore," Srinivasan said in an interview.

Its loan book stood at ₹2,363 crore as on 30 June, up 47% from the same period last year.

The lender made a profit of 10 crore, on the back of ₹93 crore in revenues in the June quarter and its stage 3 ratio or bad loan ratio was at 1.53% in Ql this year, up from 0.88% in Ql of FY23.