AFIL Company was incorporated in February 1996 by Mr. Nirmal Kumar Jain and his family members; AFIL is a part of the Akme Group of Udaipur, Rajasthan. The company is a non deposit taking non-banking financial company (NBFC) registered with Reserve Bank of India, Jaipur, Rajasthan vide registration number - B-10.00092
The company is classified as Asset financing company by RBI. It is engaged in the business of asset financing and has different verticals of financial sector. Akme Fintrade (India) Limited is engaged in financing services since 1996 and has 60 business collection points in the state of Rajasthan, Madhya Pradesh, Gujarat and Maharashtra.
Mr. Nirmal Kumar Jain, promoter & Managing Director of the Company has vast experience across different verticals of financial sector. AkmeFintradeIndia Limited (AFIL) is into financing business since 1996 and service provider of financial consultancy services. AFIL has shifted its focus to secured lending from unsecured lending. Total portfolio has increased to Rs. 142.80 crore in FY 16-17 from Rs. 84.18 crore in FY 15-16. Further the company?s portfolio stands at Rs.335.94 crore as on 31.03.2018 and was reported as Rs.475.09 on 31.03.2019.
Brief Profile Of Company
|Name of the Company||AKME Fin trade (India) Limited (AFIL)|
|Date of incorporation||05th February 1996|
|Line of Activity||It is an NBFC and provide loans for vehicles (Two wheeler, Three Wheelers, Four Wheelers and E rickshaw), Mortgage Loan, Loan against Property, Equipment Financing etc.|
|Registration with RBI||Registered as NBFC without accepting public deposits|
|Classification||Registered with RBI as NBFC under asset financing Category|
|Registered Office||AKME Business Centre (ABC), 4-5 Sub City Centre, Savina Circle opp. KrishiupazMandi Udaipur, Rajasthan 313002|
|Corporate Office||AKME Business Centre (ABC), 4-5 Sub city Centre, Savina Circle opp. KrishiupazMandi Udaipur, Rajasthan 313002|
|Rating||SMERA Rating: "BBB+" as on March, 2018|