MUMBAI: Making fast advances inside the trade, certainly one of India’s largest enterprise correspondent networks, Save Options, on Friday mentioned it has acquired New Habitat Housing Finance And Improvement Ltd for ₹74 crore.
The Bihar-headquartered firm is working to supply its clients all-around monetary merchandise by additionally including housing loans to the equation. Apart from Bihar, the corporate will prolong its attain to different states together with Delhi-NCR and UP.
Ajeet Kumar Singh, founder director, MD & CEO, Save Options, mentioned, “The acquisition brings our firm to a full-circle. Save Options excels in providing all banking and monetary merchandise beneath one roof to rural and semi-urban individuals. By means of the acquisition of housing finance firm New Habitat, we’re on the quick observe to turning into a full-spectrum Monetary Inclusion group. It can go a good distance in increasing our providing to underserved purchasers.”
Save Options was based in 2010 by Ajeet Kumar Singh, Pankaj Kumar, and Ajay Kumar Sinha. The corporate caters to clients by way of a devoted community of Buyer Service Factors (CSPs) throughout rural and semi-urban areas. The group is backed by influence buyers Incofin and MAJ make investments.
Save Options works with banks akin to State Financial institution of India, Financial institution of India, Financial institution of Baroda, Jharkhand Rajya Gramin Financial institution, Baroda UP Financial institution and Punjab Nationwide Financial institution. Additionally it is a co-lending associate with State Financial institution of India.
Save Options at present has merchandise in MSME, LAP (mortgage towards property) and micro finance.
Supply: Live Mint