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Some of the traditional methods used for credit assessment of businesses such as using credit history to predict behaviour or analysing cash flows and profitability using bank statements and financial statements are not very helpful.
In FY 2023-24, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, marking a 19% increase from the Rs 52,116 crore raised by 37 IPOs in 2022-23
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
Shikhar Aggarwal, Chairman of BLS E-Services, discusses the company's financial performance, expansion plans, market share, savings accounts, employment opportunities, and its role in bridging the digital gap. BLS E-Services aims for organic and inorganic growth, targeting consolidation in a space with many small players.
Renault India: The partnership aims to enhance the reach and accessibility of Renault Products in rural markets.