Capri Global Capital (CGCL) has reported a strong pick-up in disbursals, which touched 14.86 billion during Q2, 2022-23, increasing 57.2% y/y. This strong momentum was noted across all products resulting in the consolidated AUM increasing 47.4% y/y to touch ₹77.69 billion. CGCL did a massive branch expansion, adding 225 branches in one year to Q2, 2022-23 taking total branch network 325 branches. The car loan origination vertical has a presence across 322 locations in 29 states and UTS.
The gold loan foray was announced in Feb'22 and the product has been formally launched in August 22 through 108 exclusive branches. This has quickly scaled up to 182 exclusive gold loan branches with an AUM of ₹1.39 billion as of Q2, 2022-23. Lending business has a branch presence in 14 states, UTs. Rajesh Sharma, Managing Director, updates: "Gold loan business has contributed 10% to the total disbursals during the second quarter. Our focus on expanding the geographic footprint and in-house loan origination has helped the company maintain a strong momentum in its business. All gold loan branches are equipped with AI enabled security systems and safety vaults. Borrowers have a dedicated relationship manager for a smooth experience."
SENP, NTC CUSTOMERS
CGCL's business model focuses on secured lending and the company will continue to do so. During the last 4 years, the company's customer base has been increasing at 33% a year. The lender focuses on customers in the 'Self-Employed Non-Professional' (SENP) category in tier 3 & 4 cities. Its customers are small business owners who may not have a formal proof of income.
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