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SK Finance is a leading player in vehicle financing and small business loans lending space.
Basic Information
Incorporated in 1994, SK Finance is a Jaipur-based used vehicle and small business financier. SK Finance, a non-deposit accepting asset finance retail franchisee for the mid-market space, caters to five product segments, including commercial vehicles, agricultural and construction equipment, passenger vehicles, two wheelers and small businesses. As of 2021, SK Finance had around 220,000 active borrowers and assets worth around ₹4,100 crores under management. In the last seven years, its loan book has seen over 40% compounded annual growth rate. The company has expanded in 10 states with the on-ground sales, underwriting, and collection infrastructure catering to the underserved segments through its network of 390 branches.
Legal Name
:
SK Finance Limited
Headquarters
:
Jaipur, Rajasthan, India
Founding Date
:
1994
No. of Employees
:
1000+
Core Team
:
1.  
Rajendra setia
Managing Director and CEO
2.  
Shalini Setia
Whole-time Director
3.  
Debanshi Basu
Nominee Director
4.  
Amar Lal Daultani
Independent Director

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Funding

Total Funding

$227.2M

Investors
:
1.  
TPG Growth
2.  
Baring Private Equity India
3.  
Evolvence India Fund
4.  
IIFL Investment Managers

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Detail Round Breakdown
Round 1

$53M

Series Name
:
SERIES-F
Date
:
23rd Dec 2021
Investors
:
1.  
IIFL Investment Managers
2.  
Evolvence India Fund
3.  
TPG Growth
4.  
Norwest Venture Partners

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