Small Beginning for a Big Opportunity
Banking Frontiers|September 2023
AMU Leasing's focus on serving the underserved market of individuals and fleets looking for financing for electric 3-wheelers and 2-wheelers:
Small Beginning for a Big Opportunity

AMU Leasing is a tech-enabled NBFC that focuses on financing electric vehicles. It is perhaps India's only woman-led NBFC exclusively serving the electric vehicle ecosystem. Nehal Gupta, Director of AMU Leasing, is a third-generation business owner. She did her graduation from Indiana University's Kelley School of Business, with a double major in marketing and supply chain management.

Mehul Dani: What factors are driving the growth in the business? How has product innovation boosted business?

Nehal Gupta: Our company experienced an annual growth rate of 106.75% in our business during the JFM 2023. Our focus on serving the underserved market of individuals and fleets looking for financing for electric 3-wheelers and 2-wheelers has played a significant role. Many of these potential customers don't have access to traditional loans from established banks, and we've bridged this gap by providing tailored financial solutions.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BANKING FRONTIERSView all
EC tests the prowess of DLT through a sandbox
Banking Frontiers

EC tests the prowess of DLT through a sandbox

The European Blockchain Regulatory Sandbox is helping regulators to understand the benefits of blockchain in financial services domain:

time-read
3 mins  |
February 2025
GDPR vs DPDP & what it means to BFSI
Banking Frontiers

GDPR vs DPDP & what it means to BFSI

The recently enacted Digital Personal Data Protection Act, 2023, of India, has cast itself as a game-changing framework for addressing the privacy and data protection needs of a rapidly digitizing nation.

time-read
5 mins  |
February 2025
Insurance, investments & financial planning for women to rise
Banking Frontiers

Insurance, investments & financial planning for women to rise

What percentage of your customers are women? What percentage of your overall business comes from women customers? How have both these figures changed over the last few years?

time-read
2 mins  |
February 2025
AIMING WITH AI
Banking Frontiers

AIMING WITH AI

An organization can have multiple goals with Al. We have selected 3 key goals Front Office, Back Office and Strategic Decisions. Six CIOs/CTOS/ CDOs from India, Sri Lanka, Uganda, Nigeria and Ecuador share their perspectives on these 3 goals and on skills, consultants and partners:

time-read
10+ mins  |
February 2025
SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes
Banking Frontiers

SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes

The State Bank of India (SBI), the two new deposit schemes-Har Ghar Lakhpati and SBI Patrons-designed to offer customers greater financial flexibility and value.

time-read
1 min  |
February 2025
L&T Finance collaborates with Amazon Finance India for innovative credit solutions
Banking Frontiers

L&T Finance collaborates with Amazon Finance India for innovative credit solutions

L&T Finance (LTF) has entered into a multi-year strategic partnership with Amazon Finance India to co-develop cuttingedge credit solutions designed to enhance affordability for eligible Amazon customers and merchants.

time-read
1 min  |
February 2025
Pay Later extended to stocks
Banking Frontiers

Pay Later extended to stocks

Paytm Money has launched the 'Pay Later' margin Pay trading facility, allowing investors to buy and invest in stocks by paying just a fraction of the total value upfront.

time-read
1 min  |
February 2025
30% for EV, 30% for Solar
Banking Frontiers

30% for EV, 30% for Solar

ADB has invested US$25 million in Vivriti Capital's first climate bond for renewable energy and EV infrastructure. Smitha Jain Arora, Head Sustainability & Impact, lays the road ahead:

time-read
2 mins  |
February 2025
Professional competencies must complement AI
Banking Frontiers

Professional competencies must complement AI

Anooshka Soham Bathwal, CEO & Founder of Dhanvesttor, navigates the challenges of costs and skills shortages along with the opportunities of AI and innovation:

time-read
3 mins  |
February 2025
RBI issues stringent guidelines to combat mobile number fraud in digital transactions
Banking Frontiers

RBI issues stringent guidelines to combat mobile number fraud in digital transactions

The widespread adoption of digital transactions, while providing unparalleled convenience and efficiency, has also led to an increase in fraudulent activities, raising serious concerns that require collective action.

time-read
1 min  |
February 2025