Emerald Finance Partners with Ace Financials for Early-Wage-Access Program
Emerald Finance has entered into a strategic partnership with Ace Financials to provide an Early-Wage-Access (EWA) program for employees in Zirakpur, Punjab. This initiative allows staff to access salary advances that are later recovered via payroll deductions, supporting the company's retail expansion.
Shalibhadra Finance Expands into Used Commercial Vehicle Financing Market
Shalibhadra Finance Limited has launched a new Used Commercial Vehicle (UCV) financing division to penetrate the underserved rural logistics market. The initiative provides both purchase financing and asset-backed refinancing options to leverage the company's existing rural network and ₹220+ crore AUM base.
Piramal Finance Raises ₹3,850 Crore via QIP and Promoter Warrants to Fuel Retail Growth
Piramal Finance Limited has secured a total capital infusion of ₹3,850 crore through a combination of a Qualified Institutions Placement and a proposed preferential allotment to promoters. The capital raise is designed to strengthen the company's balance sheet and provide the necessary equity buffer to support its next phase of retail-led growth across India.
Finkurve Financial Services Q1 FY27: AUM Surges 135% YoY Amid Rapid Branch Expansion
Finkurve Financial Services reported a 135% YoY increase in Assets Under Management (AUM) for Q1 FY27, crossing the 1,000 Cr milestone. The growth was driven by a 42% expansion in the branch network and a significant rally in gold prices, resulting in an 88.3% rise in quarterly revenue.
Emerald Finance Q1 FY27 Net Profit Jumps 52.72 Percent to 4.88 Crore as EWA Adoption Scales
Emerald Finance Ltd reported a robust start to FY27 with consolidated net profit rising over 52 percent year-on-year. The company is strategically pivoting towards Early Wage Access and MSME lending as primary growth drivers while managing regulatory shifts in the gold loan segment.
Regency Fincorp Q1 Results: AUM Surges 89.8% to ₹345.2 Cr Amid MSME Expansion
Regency Fincorp Limited delivered a strong performance in Q1 FY27, characterized by a nearly 90% year-over-year growth in Assets Under Management (AUM) and a significant surge in profitability. The results were driven by a robust expansion in the secured MSME lending segment and the successful launch of its digital lending platform.
Paul Merchants Finance Launches Loan Against Securities and Silver to Expand Portfolio
Paul Merchants Finance Private Limited, a material wholly owned subsidiary of Paul Merchants Limited, has expanded its domestic credit portfolio with the launch of 'Loan Against Securities' and 'Loan Against Silver'. The new financial products aim to provide collateralized liquidity options for retail and institutional clients with immediate effect.
Piramal Finance Board Approves ₹4,000 Crore Fund Raise and Reports Strong Q1 Results
Piramal Finance has received board approval to raise up to ₹4,000 crore through various instruments including equity shares, convertible securities, and non-convertible debentures. The decision was announced alongside a strong quarterly performance, with consolidated net profit for Q1 FY2026 rising to ₹460.98 crore.
Emerald Finance Secures ₹10 Crore Term Loan from ICICI Bank to Fuel Expansion
Emerald Finance Ltd has raised a ₹10 crore term loan from ICICI Bank Limited to accelerate its business expansion and onward lending activities. The capital will primarily support the scaling of the company's Earned Wage Access (EWA) program, targeting employees of major corporate entities.