Shalibhadra Finance Limited announced the opening of a new branch in Jamnagar, Gujarat, as disclosed in a press release dated August 26, 2026. The expansion strengthens the company's presence in Gujarat, where it has long served rural and semi-urban customer segments with specialized financing solutions.
The new branch opening increases the company's total branch network to 62 branches across India, with specific distribution as follows: 30 branches in Gujarat, 21 branches in Maharashtra, 10 branches in Madhya Pradesh, and 1 branch in Rajasthan.
The company identified Jamnagar as an ideal market due to its strong dual economy of massive industrial hubs and agricultural wealth, which drives constant daily commuting needs and creates steady local income. This environment supports the company's specialized, small-ticket rural loan offerings.
Shalibhadra Finance Limited emphasized that physical presence is necessary for providing small-ticket asset-backed retail finance in rural areas, making branch openings essential for future expansion and growth.
The company is an NBFC offering loan products including Two-wheeler loans, Car Loans, Property Loans, and Personal Loans to underserved geographies in rural and semi-urban areas. As disclosed, the company has assets under management of ₹220+ crores and an active customer base of more than 1 Lakh customers.
The disclosure was signed by Vatsal Doshi, Managing Director (DIN: 07950770), and submitted to both BSE Limited and NSE Limited for record purposes.