Akme Fintrade India Ltd. Stock Analysis AFIL.NS

Akme Fintrade (India) Ltd. operates as a non-banking finance company, which engages in rural and semi-urban centric lending solutions. The company is headquartered in Ahmedabad, Gujarat and currently employs 248 full-time employees. The company went IPO on 2024-06-26. The firm is primarily engaged in rural and semi-urban centric lending solutions. The company operates two principal lines of business: vehicle financing and business finance. Its vehicle finance business primarily involves providing financing for purchases of two-wheelers and three-wheelers passenger vehicles used or new commercial vehicles. Its customers include transport operators, self-employed and salaried individuals. Its lending business to small business owners, including small and medium enterprises (SME) and micro, small & medium enterprises (MSME) lending business, primarily involves the Company providing secured loans for business purposes to SME, including businessmen, traders, manufacturers and self-employed professionals. The company has around four branches in Rajasthan and five branches located in the state of Maharashtra, Gujarat and Madhya Pradesh. The company also has digital presence at 23 locations across India.