Tab Capital disburses more than Rs 100 crore loans

MUMBAI: Pune based non banking finance company TAB Capital has crossed Rs 100 crore of total loans disbursed as of July 31 of this year. The company claims to be capable of processing applications and disbursing the loan within 2 business days. The NBFC is now eyeing reaching disbursal of Rs 500 crores in the next two years.

“The achievement not only consolidates our position as one of the emerging and fastest growing NBFCs in India, but gives us a further impetus to implement our expansion plans and reach out to more MSMEs, professionals and service sector enterprise that require financing. In the next two years, I envision TAB Capital touching the AUM of Rs 500 crores, along with more number of branches and financial experts associated with the brand,” said CA Abhay Bhutada, Chairperson & Managing Director of TAB Capital.

Headquartered in Pune, TAB Capital is present across Delhi, Bangalore, Chennai and Hyderabad. The enterprise plans to augment its pan-India presence by opening 10 new branches and beefing up its existing talent pool by acquiring the right talent from the banking and financial domain.