Salem Erode Investments Limited, originally established in 1931 as Salem Erode Electricity Distribution Limited, is a Non-Banking Financial Company (NBFC) listed on the Madras Stock Exchange. The company primarily engages in dealing with shares, stocks, debentures, and government securities. It also offers lending services, both secured and unsecured. Initially founded to manage tea plantations and agricultural operations, the company has since shifted its focus to financial services. Acquired by ICL Fincorp Limited in 2020, Salem Erode Investments has expanded its presence significantly, opening a total of 12 branches in South India by 2022, and an additional four branches in Tamil Nadu's Kanyakumari district in 2023. This strategic expansion highlights its growing footprint in the region's financial services sector.
