Strategic Expansion Plans

  • Board of Directors granted enabling approval to explore entry into affordable housing finance segment
  • Focus will be on rural, mass-market, and affordable housing loans
  • Company will evaluate multiple routes: acquiring/investing in existing Housing Finance Company or establishing a subsidiary with regulatory approvals
  • Decision criteria include strategic fit, capital requirements, and scalability potential
  • Expansion aims to leverage existing semi-urban and rural network, diversify lending portfolio, and strengthen secured retail lending business

New Product Launches

  • PURPLE SARAL: MSME-focused lending product with loan amounts ranging from ₹75,000 to ₹2 lakh (shorter-tenor)
  • SAKSHAM LAP: Mortgage loan offering with ticket sizes ranging from ₹2 lakh to ₹4 lakh
  • Both products designed to serve full spectrum of MSME sector
  • Additional institutional lending product introduced to provide financing solutions to NBFCs serving MSMEs

Financial Performance (H1 Q2 FY27)

Standalone Performance:

  • Assets Under Management (AUM): ₹329.21 crore
  • AUM growth: 101% year-on-year and 18% sequential growth
  • Gross NPA: Remained below 2.5%

Consolidated Performance (post Saksham Gram Credit acquisition):

  • Combined AUM: ₹853 crore
  • Branch network: 205 branches
  • Borrower base: Over 1.6 lakh borrowers
  • Profit After Tax (Q2): ₹100.17 lakh
  • Profit After Tax (H1): ₹138.59 lakh

Management Commentary

Amitabh Chaturvedi, Executive Chairman, stated that affordable housing finance offers opportunity to deepen customer relationships in Tier III and Tier IV markets and support home ownership aspirations. The company aims to build a scalable secured lending business through disciplined capital allocation, prudent underwriting, and rapid distribution network expansion.

Company Background

Purple Finance Limited is registered with RBI as a non-deposit taking NBFC. The company transformed into a digital-first, MSME-focused lender in 2022 when Three Seasoned Professionals partnered with founder Amitabh Chaturvedi. The founding team brings over 125 years of combined leadership experience from financial services institutions.

Additional Information

  • Company website: www.purplefinance.in
  • Corporate Office: 5/502, 5th Floor, Hallmark Business Plaza, Sant Dnyaneshwar Marg, Opp. Gurunanak Hospital Bandra East, Mumbai- 400051