Pune-based Non-Banking Financial Company (NBFC) TAB Capital on Wednesday announced crossing assets under management (AUM) to the extent of Rs. 101 crores, as of July 31, with an aim to reach at a worth of Rs. 500 crores in the next two years.
As a non-deposit-taking NBFC registered with the Reserve Bank of India( RBI), TAB Capital escalates the entire loan application process and promises loan disbursement within two business days.
“The achievement not only consolidates our position as one of the emerging and fastest growing NBFCs in India but gives us a further impetus to implement our expansion plans and reach out to more MSMEs, professionals and service sector enterprise that require financing. In the next two years, I envision TAB Capital touching the AUM of Rs. 500 crores, along with more number of branches and financial experts associated with the brand,” said CA Abhay Bhatuda, Chairperson and Managing Director of TAB Capital.
TAB Capital is present across Delhi, Bangalore, Chennai, and Hyderabad. The enterprise plans to augment its pan-India presence by opening 10 new branches and beefing up its existing talent pool by acquiring the right talent from the banking and financial domain.