Financial firm Supra Pacific sets lofty expansion objectives for the year 2027
Supra Pacific Financial Services Limited, a BSE-listed Non-Banking Finance Company (NBFC) based in India, has announced an ambitious growth strategy aimed at expanding its presence and diversifying its portfolio.
According to a press release syndicated by ANI, the company plans to increase its branch network to 185 locations across seven states by 2027. This expansion is part of the company's vision to strengthen its pan-India footprint and broaden its customer base.
One of the key components of this growth strategy is the entry into the insurance sector. Supra Pacific is planning to obtain a corporate agency license to complement its existing fund-based lending services such as two-wheeler and gold loans. This move is expected to significantly boost the company's profitability in the coming years.
The company has set a milestone for scale and financial strength with a target of achieving an Assets Under Management (AUM) of ₹1,000 crore by March 2027. In the past three years, Supra Pacific has recorded a growth of over 100%, with profitability outpacing industry benchmarks, underpinning confidence in these expansion aims.
Mr. Joby George, the Promoter and Managing Director of Supra Pacific, unveiled this strategic roadmap for significant growth, but the details of this roadmap were not specified in the provided paragraph.
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This comprehensive approach is intended to broaden the customer base and increase overall profitability. The press release concluded by emphasizing Supra Pacific's commitment to becoming a leading NBFC with sustainable and customer-centric growth.
[1] Supra Pacific Financial Services Limited Press Release, ANI, [Date] [2] The Tribune Premium Offer, The Tribune, [Date] [3] [Not available in provided information] [4] [Not available in provided information] [5] [Not available in provided information]
[1] The news about Supra Pacific Financial Services Limited's growth strategy, as reported by ANI, reveals the company's opinion about the importance of expanding its business and diversifying its portfolio, with a focus on entering the insurance sector.
[2] The recent press release by Supra Pacific Financial Services Limited, syndicated by ANI, discloses finance-related information, such as their plans for expansion, increased AUM, and entry into the insurance sector, which are expected to contribute to their profitability.
[3] [Not available in provided information] Investors might find [Not available in provided information] valuable, as it pertains to Supra Pacific Financial Services Limited's ambitious growth strategy, growth projections, and initiatives to increase their overall profitability.
