NBFC Company Share India Fincap Expands Footprint In Odisha To Empower Rural Women

Leading NBFC Share India Fincap announced that it has expanded its footprint in Odisha after effectively serving more than 1.8 lac customers in five Indian states. The firm aims to empower marginalised groups by giving them digital access to formal credit through this programme. With the goal of supporting women in launching and expanding their enterprises and eventually bolstering the nation's economy, Share India Fincap will provide a variety of financial instruments, resources, and educational opportunities after the expansion.

Considering a sizable section of the populace in the region lacks access to basic banking services, the expansion into Odisha fills an essential gap. Share India Fincap is dedicated to helping women entrepreneurs in rural regions become more financially literate in order to bridge this gap.

Agam Gupta, Executive Director at Share India Fincap Pvt. Ltd., commented on the expansion: "We are excited to bring our services to Odisha, a state with immense potential for growth and entrepreneurship. Our mission is to empower rural women by providing them with the financial support and knowledge they need to succeed. By doing so, we're not just helping individuals, but also contributing to the overall economic progress of the region and the nation."

A major step towards advancing financial inclusion and encouraging women's entrepreneurship throughout India has been implemented by Share India Fincap with its entry into Odisha. In order to have a long-lasting beneficial influence on the state, the firm is excited to collaborate closely with stakeholders and local communities.
An NBFC named Share India Fincap is committed to helping underprivileged communities by offering financial services, with a special focus on empowering women entrepreneurs in rural regions. The organisation, which operates in six states, has provided loan facilities and financial education to over 1.8 lac individuals in an effort to promote financial inclusion and economic growth.

A fully owned subsidiary of Share India Securities Limited, Share India Fincap Private Limited (formerly known as Windpipe Finvest Pvt Ltd) is an RBI-registered non-banking financial company that provides a range of financial services, including loans for small and micro enterprises, loans for women entrepreneurs, and loans against securities.

The Company continued to perform well in the financial year 2022-2023. Compared to the FY 2021-2022, the revenue from operations jumped by more than 21.72% during the year FY23. Consequently, Share India's Profit after Tax (PAT) saw a 46.25% growth as well. For the year ending March 31, 2023, the company's consolidated revenue from operations was Rs1,08,823.41 Lakhs, up 26.30% from the previous year's Rs 86,159.43 Lakhs. For the year that ended on March 31, 2023, Share India's Consolidated Net Profit was Rs 33,065.71 Lakhs, up 63.82% from Rs 20,183.80 Lakhs the year before.