H1 FY24 Revenue at INR 458 crores; an increase of 40% YoY; Total AUM clocked INR 5016 crore, an increase of 26% YoY
FinTech BizNews Service
Mumbai, December 1, 2023: Clix Capital, a leading new-age NBFC, announced its financial results for the H1 ended September 30, 2023. The company achieved an important milestone of crossing INR 5000 Cr AUM with a consolidated profit after tax (PAT) of INR 30 crore compared to INR 10 crore in the same period last year. The consolidated revenue stands at INR 458 crore, registering an increase of 40%.
Commenting on the company’s growth and result announcements, Rakesh Kaul, CEO, Clix Capital, said, “We aim to maintain our profitable growth strategy and continue to support the demands of the ever-evolving Indian MSMEs in a purpose-driven approach. Our commitment to supporting key sun-rise sectors like education, healthcare, sustainability, and others is now reflecting in our strong financial results, and our rapidly growing employee base and geographical reach”
Clix Capital has also recorded a sharp decline in its GNPA at 2.19% during this period which is way below the 3% recorded in H1 FY’23. While showcasing exemplary results, the company also created a new milestone of disbursing over INR 20,000 crore of loans in total, having supported thousands of deserving MSMEs and SMEs for their growth ambitions and in creating jobs for our economy. The company is expanding its Phygital coverage rapidly, with a presence in 28 cities and covering over 50 locations across India. With a workforce of over 550 employees, 150 of whom are dedicated to building a direct-to-MSME model to serve their needs faster and in a more personalized manner, Clix Capital aims to make significant strides towards its 10,000 Crs AUM journey.
About Clix Capital Services
Clix Capital is one of the fastest-growing NBFCs and focuses on leveraging technology and deep analytics to offer innovative lending solutions to India's thriving SME sector in the form of secured and unsecured business loans, healthcare equipment finance, mortgage finance, and K–12 school financing. The company is led by its CEO, Rakesh Kaul, who has an illustrious track record in the financial services industry. Co-founded by Industry veterans Pramod Bhasin and Anil Chawla in 2016 through the acquisition of the lending and leasing business of GE Capital, the company is backed by AION Capital Partners Limited, a private equity fund that is an affiliate of Apollo Global Management, LLC. Apollo Global Management is one of the largest alternative investment managers globally with assets under management (AUM) of $513 billion.
