Press background on Fullerton India Credit Company Limited
Company profile
Fullerton India Credit Company Limited is registered as an NBFC - Investment and Credit Company (NBFC-ICC) with the Reserve Bank of India, and a member of SMFG Group. FICC started its India operations in 2007 and has established a pan India presence - across 600 towns and 60,000+ villages through 855 branches and 17,800+ employees offering lending products to underserved & unserved retail and small business borrowers. By doing so, it has introduced people to formal credit. FICC’s primary services constitute financing of SME for working capital and growth, loans for commercial vehicles and two-wheelers, home improvement loans, loans against property, personal loans, working capital loans for urban self-employed and loans for rural livelihood advancement, rural housing finance and financing of various rural micro enterprises.
From Rs. 1,600+ Crs of loss in FY21 to Rs.107 Crs of profit in FY22 and Rs. 551 Crs profit in 9 months of FY23
Rs. 19,500+ Crs of disbursals in 9 months of FY23, 41% higher than total disbursals of FY22
Fullerton India Credit Company Limited (Fullerton India), one... (more)
Feb 24, 2023 13:23 IST
Fullerton India Credit Company Limited
