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PRNewswire Bengaluru Karnataka [India] May 16 Kinara Capital India fast-growing fintech driving MSME financial inclusion today reported its FY24 financial year results marking it as the organization 9th consecutive year of profitability Closing the year with profit after tax PAT of INR 62 crores a 51 year-over-year YoY jump has further demonstrated the viability of Kinara unique business model of blending technology with omnichannel customer service In FY24 Kinara Capital marked YoY revenue growth of 47 with revenues totaling INR 723 crores while the operational expenses OpEx as a percentage of the AUM decreased by 32 thus further boosting the annual profits Kinara Capital loan book grew by 26 in FY24 YoY with its year-end assets under management AUM recorded at INR 3142 crores Specializing in providing formal credit without property collateral to support India small business entrepreneurs Kinara Capital is purposefully focused on financial inclusion of the micro-small-medium-enterpris

Hardika shahGrowth companies in asia pacificBombay stock exchangeBanking financial companyKinara capitalKinara appFinancial timesGrowth companiesReserve bankPrnewswire bengaluru karnataka india may 16 kinara capital fast growing fintech driving msme financial inclusion today reported its fy24 year results marking it as the organization 9th consecutive of profitability closing with profit after tax pat inr 62 croresa 51 over yoy jump has further demonstrated viability unique business model blending technology omnichannel customer service in marked revenue growth 47 revenues totaling 723 crores while operational expenses opex asa percentage aum decreased by 32 thus boosting annual profits loan book grew 26 end assets under management recorded at 3142 specializing providing formal credit without property collateral to support small entrepreneurs is purposefully focused on micro medium enterprise sector easing access multilingual mykinara app nbfc disbursed more than 26343 new loans last leading toa 35 increase number active base increased 30 there wasa 42 women owned msmes hardika shah founder ceo said our resilient and unwavering eye mission led nearlya decade beyond high touch tech we also expanded reach other states embedded finance solutions through partnerships looking ahead are excited set sights supporting thousands doubling fy26 crossing usd 100 million mark fy25 first indicatinga vast opportunity for currently 133 branches regions representing approximately 70 manufacturing output plans future will be anchored penetrating into existing geographies via branch reaching bolster prowess strategic long term investment house create lending laas customizable apis order integrate partners since inception cumulatively 6700 across 12 lakh free job creation income generation local economies overall grown ata cagr past 3 years thriving landscape about isa dedicated mile 2024 ranked ft500 list from times top 500 companies asia pacific 5th visionary noted among 40 fastest fintechs qualified systemically important non banking company reserve bank rbi holdsa bbb positive rating icra stable ratings care alsoa debt listed entity bombay stock exchange bse founded 2011 headquartered hasa workforce 2000 employees visit httpskinaracapitalcom information follow us linkedin this press release contain projections forward statements regarding events or performance these only predictions reflect current beliefs expectations respect based assumptions subject risk uncertainties change any time given risks undue reliance should not placed actual differ materially those contained advertorial disclaimer above been provided ani responsible way content same