Saturday, December 14, 2024
HomeAutomobilesTVS Credit Registers a Growth of 20% in AUM in Q1 FY25...

TVS Credit Registers a Growth of 20% in AUM in Q1 FY25 Versus Q1 FY24 and has Served Over 1.5 Crore Customers Till Date

TVS Credit Services Limited, one of India’s leading NBFCs, published its unaudited financial results for the quarter ended June 30, 2024. The Company reported Assets Under Management (AUM) of Rs. 26,351 Crore as of Jun’24, an increase of Rs. 4,427 Crore and a growth of 20% as compared to Jun’23. The Company’s Total Income increased by 19% year-on-year and stood at Rs. 1,606 Crore in Q1 FY25. The Net Profit After Tax registered a healthy growth of 20% year-on-year and stood at Rs. 140 Crore in Q1 FY25. The Company has served over 1.5 Crore customers till date.

Q1 FY25 Highlights:

  • AUM stood at Rs. 26,351 Crore as of Jun’24, a 20% growth compared to Jun’23.

  • Total Income for Q1 FY25 was Rs. 1,606 Crore, a 19% growth compared to Q1 FY24.

  • Profit Before Tax for Q1 FY25 stood at Rs. 187 Crore, a 19% growth compared to Q1 FY24.

  • Net Profit After Tax was Rs. 140 Crore for Q1 FY25, a 20% growth compared to Q1 FY24.

The Company continued to maintain its strong growth momentum in disbursements during Q1 FY25, primarily driven by increase in distribution reach supported by growth in consumption and increase in penetration. TVS Credit remains resolute in its commitment to expand the product offerings, distribution, digital transformation, enhancing customer experience and operational efficiency.

About TVS Credit Services Limited

TVS Credit Services Limited is one of India’s leading and diversified Non-Banking Financial Company registered with the RBI. With over 46,500 touchpoints across India, the Company aims to empower Indians to dream bigger and fulfil their aspirations. Being the number one financier for TVS Motor Company Limited and one of the leading Consumer Durable and Mobile Phone financiers, TVS Credit has a fast-growing footprint in Used Car Loans, Tractor Loans, Used Commercial Vehicle Loans, and Unsecured Loans. Powered by robust new-age technologies and data analytics, the Company has served over 1.5 Crore happy customers.

Disclaimer:

Mojo Patrakar may publish content sourced from external third-party providers. While we make every reasonable effort to verify the accuracy, reliability, and completeness of this information, Mojo Patrakar does not guarantee or endorse the views, opinions, conclusions, or authenticity of content provided by these third-party entities. Such content is presented solely for informational purposes, and it is not intended to substitute professional advice or to serve as a comprehensive basis for decision-making.

Mojo Patrakar expressly disclaims any liability for errors, omissions, or inaccuracies that may arise from third-party content, as well as any reliance readers may place upon it. Users are strongly encouraged to conduct independent verification and consult with qualified professionals as necessary before making any decisions based on information obtained through Mojo Patrakar.

Ravindra Kirti Founder Mojo Patrakar
Ravindra Kirti Founder Mojo Patrakarhttp://mojopatrakar.com/
Ravindra Kirti is a well-rounded Marketing professional with an impressive academic and professional portfolio. He is IIM Calcutta alumnus & holds a PhD in Commerce, having written an insightful thesis on consumer behavior and psychology, which informs his deep understanding of market dynamics and client engagement strategies. His academic journey includes an MBA in Marketing, where he specialized in strategic management, international marketing, and luxury retail management, equipping him with a global perspective and a strategic edge in high-end market segments.In addition to his business expertise, Ravindra is also academically trained in law, holding a Master’s in Law with specializations in law of patents, IT & IPR, police law and administration, white-collar crime, and corporate crime. This legal knowledge complements his role as the Chief at Jurislaw Partners, where he applies a blend of legal acumen and strategic marketing.With such a rich educational background, Ravindra excels across a range of fields, from legal marketing to luxury retail, and event design. His ability to interlace disciplines—commerce, marketing, and law—enables him to drive successful outcomes in every venture he undertakes, whether as Chief at Jurislaw Partners, Editor at Mojo Patrakar and Global Growth Forum, Founder of CircusINC, or Chief Designer at Byaah by CircusINC.On a personal note, Ravindra Kirti is not only a devoted pawrent to his pet, Kattappa, but also an enthusiast of Mixed Martial Arts (MMA) and holds a Taekwondo Dan 1. This active lifestyle complements his multifaceted career, reflecting his discipline, resilience, and commitment—qualities he brings into his professional relationships. His bond with Kattappa adds a warm, grounded side to his profile, showcasing his nurturing and compassionate nature, which shines through in his connections with clients and colleagues.Ravindra’s career exemplifies versatility, intellectual depth, and excellence. Whether through his contributions to media, law, events, or design, he remains a dynamic and influential presence, continually innovating and leaving a lasting impact across industries. His ability to balance these diverse roles is a testament to his strategic vision and dedication to making a difference in every field he enters.
RELATED ARTICLES

Most Popular

Recent Comments