Hyderabad: Electronics Finance Limited (EFL), a leading Non-Banking Financial Company (NBFC) specializing in MSME lending, financial inclusion, and energy-efficient machinery financing, has made a significant foray into the Telangana market by inaugurating seven branches in Warangal and Suryapet. The company aims to revolutionize the lending landscape in Telangana by providing innovative solutions and improving the credit profiles of small businesses. With its unique approach to providing affordable and accessible credit, EFL targets to empower MSMEs and traders in Telangana.

EFL has already established its presence in the markets of Gujarat, Rajasthan, and Madhya Pradesh, offering a range of financial products and services. In Telangana, EFL will focus on extending its loan products and contributing to the growth of MSMEs and businesses. The company's vision includes establishing up to 50 branches in Telangana in the coming years.

Speaking about their entry into the Telangana market, Mrs. Shilpa Pophale, MD & CEO of Electronics Finance Limited, said, "Telangana is home to over 2.6 million MSMEs, with approximately 56% of them located in semi-urban and rural areas. EFL is well-prepared to meet the credit requirements of these enterprises and enhance their credit profiles. By introducing our loan products with a highly innovative approach, we aim to catalyze the growth of businesses in Telangana."

In FY22-23, EFL has witnessed significant business growth, achieving a 65% increase in disbursement and a 45% growth in the loan book compared to the previous fiscal year. "We have seen exceptional financial performance in the past few quarters. This year, we expect to achieve even greater growth, surpassing last year's 40% year-on-year increase. EFL remains committed to UN SDGs and will continue to support sustainable growth through financial inclusion and the provision of credit to underserved areas. We have already disbursed loans to farmers in Nalgonda, Suryapet (Chief Minister's Farmers' Welfare Scheme), chili farmers (Khammam), and dairy farmers (Karimnagar) in the state, which has helped boost their income. Through these initiatives, EFL aims to create opportunities for economic development and upliftment in rural Telangana," said Mrs. Pophale.


About Electronics Finance Limited:

Established in Pune and headquartered in SRP Electronics Group in 1990, Electronics Finance Limited (EFL) has emerged as a prominent player in the MSME finance sector over the last 30 years. With a diverse product portfolio including machinery loans, business loans, rooftop solar loans, pre-approved loans, institutional lending, warehousing loans, and Make-in-India Enterprise loans, EFL caters to entrepreneurs, traders, and various business segments, providing the required financial support. Currently operating in over 175 branches across 15 states, EFL manages an AUM of approximately INR 3000 crores with a focus on inclusive and sustainable growth through digital access and robust technological support.