Looks at hiring 300+ employees in the next 2 months
Will offer eVehicle Loan and Mortgage Loan products
Targets disbursement of Rs. 200 Crore from these new geographies
Credifin Limited (earlier PHF Leasing Limited), a Metropolitan Stock Exchange of India listed, NBFC, Head quartered in Jalandhar with Corporate Office in Delhi-NCR, is excited to announce the expansion of its operations into the states of Maharashtra and Chhattisgarh. The company, which is already making significant strides in Madhya Pradesh with its vehicle loan offerings, is also now set to introduce mortgage loans offerings(Loan Against Property or LAP) in the region in 2025. The strategic expansion is expected to boost its business significantly, with a targeted disbursement of ₹200 crores across the new locations.
As part of its expansion thrust, Credifin Limited is actively recruiting talented human resources in these states, with a goal of hiring over 300 people in Maharashtra, Chhattisgarh, and Madhya Pradesh, over the next two months. The company is planning to establish a strong presence in major cities like Nagpur, Mumbai, Nabi Mumbai and Pune in Maharashtra, while also expanding its footprint in Chhattisgarh with key locations such as Raipur, Bilaspur, and Korba. The company is also focused on introducing new loan offerings in Madhya Pradesh, particularly in cities such as Bhopal, Indore, Gwalior, Ujjain, Jabalpur, Sagar, Rewa, Satna, Neemuch, and Guna.
“Our expansion into Maharashtra and Chhattisgarh, along with the introduction of mortgage loans in Madhya Pradesh, marks a significant milestone in our journey to become a leading player in the Indian financial services market,” says Mr. Shalya Gupta, CEO, Credifin Limited. “Our growth strategy focuses on increasing access to financial products for the underserved customer group in key regions, and we are committed to bringing financial solutions closer to people. With our established vehicle loan business in Madhya Pradesh, we are confident that our mortgage loan portfolio will also meet a critical need and support local families and businesses”, he adds.
Currently, Credifin Limited operates in more than 25 locations across Madhya Pradesh for vehicle loans, and with the planned mortgage loan offerings, the company aims to enhance its customer base and product diversity. In addition, Credifin is deepening its market presence in Rajasthan by hiring more employees and growing its mortgage loan business, further cementing its reputation as a trusted financial partner across the region.
Credifin Limited’s ambitious expansion plans, backed by a focus on hiring and community outreach, reflect its vision to revolutionize the financial services sector by providing accessible and flexible financing options across the country.
About Credifin Limited (formerly PHF Leasing Limited):
Incorporated in 1992, Credifin Limited (earlier PHF Leasing Limited) is a Metropolitan Stock Exchange of India listed, NBFC, Headquartered in Jalandhar with Corporate Office in Delhi-NCR. The Company is registered with Reserve Bank of India since 1998. The product portfolio includes Secured MSME Mortgage loans against immovable property (LAP) and financing E-vehicles primarily E-rickshaws, E-loaders and EV – 2 wheelers.
Operating in 11 states & UT, Credifin is operating in 150+ Locations and employs 550+ people. Credifin closed its Q3 of FY 2024-2025 with AUM of 312 Crore.
For more information, please visit: www.credif.in
SAFE HARBOUR STATEMENT:
This release may include certain ‘forward looking statements’, based on current expectations, forecasts and assumptions within the meaning of applicable laws and regulations. They are subject to risks and uncertainties which could cause actual outcomes and results to differ materially from these statements. The Company disclaims any obligation to revise any forward-looking statements.
