Incorporated in the year 1994 as a finance arm to support our automobiles business, Kamal Autofinance Ltd. (“KAFL”) has long since grown beyond the needs of the other group companies and had succeeded in developing into a self-sustaining growth oriented company.

The company is a registered NBFC and classified as a category ‘A’ financing company with permission to seek public deposits. The company’s strong goodwill and market repute has enabled KAFL to attract sizeable public deposits, which are currently at a level of around Rs. 6.50 crores from around 700 customers. As a financing company, the company is engaged primarily in extending credit to individuals. The company has a diverse product range and provides a variety of loans, namely, vehicle loans, personal/cash loans, education loans, equipment loans and loans against property.

In a short span of ten years, KAFL has grown considerably and has started to develop a pan-Rajasthan presence. In addition to its head office at Jaipur, KAFL now has branches at Kota and Jodhpur along with representative offices in other smaller towns of the State. Owing to a wide network, the company has successfully tapped the niche rural markets and this has enabled the company to grow rapidly. The customer base of KAFL has also increased significantly and today we have approximately 10,000 customers.

Recently, a separate unit has been carved out under the name of ‘Saarthi Microfinance’, with operations in multiple districts of the State. The division has been set up with the objective to lend small loans to the weaker sections of the society to fulfill the objective of financial inclusion. In a short span of one year, Saarthi Microfinance has already established a network of fifteen branches and boasts of a customer base of over 15,000, while managing 99.99% on time recovery. For more details of Saarthi Microfinance, please visit www.saarthifinance.com.

With sound fundamentals and a strong management team and lineage, the company is well positioned to successfully tap the booming finance sector.