Exercitation ullamco laboris nis aliquip sed conseqrure dolorn repreh deris ptate velit ecepteur duis.
Registered as “NBFC with reserve bank of India ,Sugmya Finance Private Limited is today one of the leading and most trusted NBFC company in India. Sugmya finance private limited (SFPL), true to the meaning of its name (‘Easily Accessible’), Bridges the gap between people’s aspirations, wishes and reality. Sugmya finance private limited is a tech-enabled, 100% cashless NBFC company, working towards women and men empowerment under ‘Digital India Mission’. We are a well established business with strong capitalization. Sugmya has played an essential role in the financial system in India by bringing in diversity and efficiency into the financial sector.
To create a family of honest customers, deligthted investors and ambitious people striving for strengthening the nation as a whole.
Serving our customers as a true financial partner in their inclusive growth journey with utmost simplicity, transparency and professionalism.
We promise to deliver the best business orientation to underprivileged people with several economic opportunities for transforming their lives.
Sugmya has already helped several families in setting up their small startups.
Sugmya offers the perfect financial solutions with high-quality service.
Our company includes strong and innate values, delivering the best.
Sugmya Finance Private Limited was Incorporated on 28-Sep-2017 and started its operations in Jan-2019. SFPL is one of the fastest growing and profitable NBFC in this segment with 25% and above ROE track record. SFPL 'Income generating micro loan and MSME loan helps self employed women's and men from semi-urban/rural India to build and expend their business and strengthens themselves and the nation as a whole. SFPL has expanded it's operations and currently operating in 40 district and 80 branches. The highlights of SFPL's performance since inception are as follow :
Total performance stood as INR 132.72 Cr on 31-Oct-2022
Own book portfolio has nearly increased 10 times from INR 7.04 Cr in FY-21 to INR 65.55 Cr. in FY-22, whereas no of borrowers has jumped nearly 12 times during the period.
Over 60 thousand under privileges client with a 99.9% ontime repayment rate.
Total equity capital and reserves surplus of INR 50 Cr.
Profitability ratio measures like ROCE has increased where, ROCE for H1 FY-23 stood as 22%, where as ROE and NIM stood at 20% and 17% respectively.
Company has maintained sound asset quality despite aggressive growth in loan portfolio till date. SFPL has maintained the CRAR of 30% in FY-21 which is well above the RBI stipulated CRAR of 15% for NBFC/MFI tier I capital stood at 30% resulted due to equity capital infusion an internal accruals.
Implementation of technology
Sunita Devi, aged 38 years, live in Rosara, Bihar, with her husband and three children. She got associated with sugmya Finance in 2021 to get financially independent and provide her children with better education and future. She took a loan of 40000 from SUGMYA Finance to open a small shop and started it. She worked hard and was determined to improve her family's financial status. Soon her business started to grow. With this small amount of loan which she had taken and initiated this business, today she is running the shop smoothly on a medium scale. Her children are going to school. Sunita Devi has proven to the world that planning, dedication & execution is key to success.
Reena Devi lives with her family at Moharipur in Gorakhpur. She is associated with Sugmya Finance for the last two years. She took a loan from sugmya finance to expand her Stitching Business. It helped her business to grow and also increases her self-confidence. Today, her business is running smoothly, and both her children have access to quality education. Smt. Reena Devi is grateful to Sugmya as it helped her explore a successful avenue in life. She wishes to stay connected with Sugmya in the future as well so that she can further grow her business. Now she can fulfill the needs of her family, and business growth has helped improve her family's financial condition.
Savita Devi lives with her husband Shyam das, and two children in Rosera, Bihar. She is associated with Sugmya Finance for the last year. Her husband was a daily wage worker, but she decided to buy E-Riksha to become self-dependent. For this, she took a 40000 INR loan from Sugmya finance and arranged the rest money from other sources. Now she can give his family better life and education. She is saving money as well. With his determination, she has changed his life and is thankful to Sugmya finance for trusting him and giving him a collateral-free loan.
Sheela Devi, Aged 32 years, lived in Village Chakia nikatpur Rajatalab, Varanasi, with her family. She used to run a small grocery store in her village and took a loan of Rs 40000/- to expand her shop. Now her shop is well stocked with all the items, required by a rural household for its daily needs. Increased popularity and income from the shop have also helped improve the overall social and household financial status in the community. She is grateful to the company for smooth and doorstep service and quick disbursement of the loan amount. She pays her installment through cashless mode every time. She is happy with the services and has recommended sugmya finance to all her villagers.