Akme Fintrade India Ltd, established in 1996, is a non-banking financial company (NBFC) registered with the Reserve Bank of India. Headquartered in Udaipur, Rajasthan, the company specializes in lending solutions tailored for rural and semi-urban markets across four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. Akme Fintrade focuses on vehicle and business financing, catering to small and medium-sized enterprises (SMEs/MSMEs), self-employed professionals, and small business owners. Their offerings include loans for new and used two-wheelers, commercial vehicles, and secured loans for business purposes.
The company has demonstrated operational efficiency and growth by maintaining high rates of customer acquisition and low-cost expansion into underpenetrated areas, with a digital and physical presence in over 20 locations. As of March 31, 2022, Akme Fintrade had over 33,959 outstanding loans. To further scale their operations, they plan to raise capital by issuing 1,10,00,000 equity shares through a fresh public issue.
