Ambit Finvest Targets 30% Loan Growth in FY26

AMBIT FINVEST, THE non-banking finance company of the Ambit group, is targeting a 30% loan growth this fiscal, from 22-23% at present, because of higher demand during the festive season and the boost from GST rate rationalisation, CEO Sanjay Agarwal said.

- KSHIPRA PETKAR

The non-bank lender is focused on lending to small and medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs).

"Initially, we had set a target of achieving around 30% growth this year. While the early momentum was steady, we are confident that growth will accelerate meaningfully following the GST rate reduction. We expect to touch 30-40% in the coming months and maintain around 30% growth for the full financial year," Agarwal said.

He expects the demand for two-wheelers and four-wheelers to grow in coming months.