Ascom Leasing & Investments Ltd. Stock Analysis ASCOM.NS

Ascom Leasing & Investments Ltd. engages in the provision of finance, trading, and hire purchase. The company is headquartered in Surat, Gujarat and currently employs 18 full-time employees. The company went IPO on 2019-12-06. The firm is primarily engaged in the lending business. The Company’s products include Farmer loan, Education Loan, Mortgage Loan, Construction project finance, Gold Loan, Micro, Small and Medium Enterprises (MSME) Finance, and Personal Loan. The firm offers gold loans through Aaditya Group Interest-Free Gold Loans. The gold is insured and is stored in its fire and burglary-proof vaults. The firm provides a loan amount of Rs. 25,000 to 5 crores as a personal loan, with flexible repayment tenure between 1-5 years. Its personal loans include mortgage loans, car loans, home equity lines of credit, credit cards, installment loans, and payday loans. Its personal loan is an unsecured form of loan that can be used for multiple purposes, such as for traveling, education, purchase, home renovation, for marriage, in case of medical emergencies, for business purposes or any other household expenditure.