15 December 2019

Company Focus - Sakthi Finance

Re-financing: New growth mantra in CE

Sakthi Finance Ltd, a non-banking finance company (NBFC) part of Sakthi Group , incorporated in the year 1955 based at Coimbatore, South India is one amongst the leading non-banking finance company engaged in financing for used commercial vehicles and construction equipments. The company also accepts both deposits as well as secured non convertible debenture and  provides excellent and personalized care for customer service. The South India based financial service provider aims to imprint its identity as the ‘Financier of the customers’ choice’.

Since its inception, the company’s growth has been momentous and has today evolved as a leading NBFC with a network of 163 Customer Service points and 43 branches in Tamilnadu, Kerala, Karnataka and Andhra Pradesh.

The company maintains its growth strategy upon its prime vision of ‘Principles of Trust’ wherein addressing and performing as per the customer requirements are considered as the firm’s core operational priority.

 

Modus Operandi

Today, evolving through its market oriented approach; Sakthi Finance Ltd, has positioned itself as a niche player and is a prime choice to avail refinancing services for commercial vehicles and construction equipments segments.

The company today offers refinancing facility for commercial vehicles and construction equipments with asset vintage upto ten years old. In addition, the other key features offered through Sakthi Finance Ltd involves: flexible financing options, easy documentation at customer place and quick processing of financial requirements. Over the years of its operation, the clientele of Sakthi Finance Ltd involves experienced contractors / sub contracters , who are involved in the contract works from state /central Public Works Department involved in the construction of road highways, dams and bridges, registered contractors for civil construction projects (state and central), hiring / owning / material handling /operating customers in the earthmoving equipment etc.

 

Market Opportunities

Owing to the lowest ever economic down cycle, the volume of commercial vehicle industry witnessed a drastic fall of 20.2 per cent in its total volume during the year FY13-14.

Though there was a fall in medium and heavy commercial vehicles segment by about 25 per cent, the market for pre-owned commercial vehicles is estimated about `1900 billion consisting of six million vehicles. However considering the evolving opportunities in the commercial vehicles segment, Sakthi Finance Ltd, also offers services and solutions especially for the small and medium truck operators, thereby facilitating them to fulfill their growth targets.

Sakthi Finance Ltd, owing to this scenario, is opportunistic on availing ample scope for financing pre-owned commercial vehicles and construction equipments. The company has focused its mission to partner the progress of small and medium road transport operators, by providing them a complete ‘end-to-end service’ leading to total Customer Solution  with speed, flexibility and integrity.

 

For more details contact:

Email: sakthif_info@sakthifinance.com

Website:  www.sakthifinance.com




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