Fedbank Financial Services Limited Company Profile: Products, Promoters and Clients

Fedbank Financial Services Company Description:

Fedbank Financial Services Ltd( Fedfina) attained its NBFC license in 2010 and now operates 621 branches nationwide. Offering products including Gold Loan, Home Loan, Loan Against Property( stage), and Business Loan, Fedfina is deposited to come a significant player in the NBFC sector.

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Q1. What are the Product and service offerings of the company?

·Gold Loans: Unlock the value of gold assets with tailored financing solutions.

·Home Loans: Fulfil homeownership dreams with flexible loan options for property purchase or construction.

·Loan Against Property (LAP): Access liquidity by securing loans against residential or commercial properties.

·Business Loan Services: Support business growth with loans for expansion, working capital, and other financial needs.

Q2. Who are the Promoters/Management of the company?

Anil Kothuri serves as the Managing Director and Chief Executive Officer at Fedfina, having joined in August 2018. With over twenty-five years of experience across diverse asset businesses including Mortgage, SME Financing, Auto Loans, Share Finance, and Unsecured Lending, he previously led the Retail Lending business at the Edelweiss Group. 

Anil also held pivotal roles at Citibank, managing functions such as Audit, Operations, Sales, Product Management, and Marketing. He holds an MBA from the Indian Institute of Management, Ahmedabad, and a degree in Computer Engineering from Andhra University.

Balakrishnan Krishnamurthy is the Chairman and Independent Director at Fedfina since September 2019. With over 30 years of experience in India's Financial Services sector, he has advised numerous Indian and Multinational Corporations, Financial Sponsors, and private business families. 

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He holds qualifications as a Chartered Accountant and Company Secretary and currently chairs Kriscore Financial Advisors Pvt. Ltd. Balakrishnan has held pivotal roles at Lazard and HSBC Investment Bank, focusing on corporate finance and advisory services, and has also led teams at Infrastructure Leasing & Financial Services Ltd, Mumbai.

Q3. Who are the Clients of the company?

In FY24, the company’s branch network spans 18 countries and Union homes, totaling 621 branches. The geographical distribution includes 289 branches in the South, 244 in the West, and 86 in the North. Specifically, Tamil Nadu hosts 90 branches, Karnataka 57, and Maharashtra 111. The company's Asset Under Management( AUM) blend shows a significant presence in the South with45.9, followed by the West at34.4, and the North at19.6. specially, the AUM probabilities for individual countries are20.8 in Maharashtra,16.1 in Karnataka, and15.3 in Tamil Nadu. Combined, these three countries contribute52.2 of the total AUM. The company also collaborates with over 2,000 original channel mates, reflecting its extensive reach and commitment to serving a broad client base.

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Written By: Khush Kothari