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Issuer Profile
13 Nov 2023
Annapurna Finance Pvt Ltd Credit Analysis
Annapurna Finance Private Limited is one of the leading NBFC-MFI company in the country. As on March 31, 2023, it was present in 388 districts across 20 states/Union Territories (UTs) through a network of 1,183 branches, while catering to more than 24 lakh borrowers. Apart from microfinance, the company has a small micro, small and medium enterprise (MSME) loan portfolio.During Q2FY24, interest income rose by 31% on yearly basis while net profit increased by 86%. However, net profit fell on quarterly basis due to rise in expenses during Q2FY24
Subhasis Mishra
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South Indian Bank Ltd
9 Sept 2020
Subhasis Mishra