Inditrade looks to up its lending

KOCHI: Inditrade group, which sold its equity broking business recently to focus on agricommodity- and micro-finance, is looking at a fivefold increase in its lending corpus to about Rs 1,700 crore in FY19.

“We will increase agri commodity lending to Rs 1,000 crore from Rs 250 crore last year. In micro finance, we hope to raise loans to Rs 500 crore from Rs 100 crore,’’ Sudip Bandyopadhyay, Inditrade group chairman, told ET.

The rest of the business is expected from two new sectors the group will be venturing into this year.


Inditrade will launch merchant cash advances (MCA) targeting small business establishments. Housing finance, with a thrust on affordable homes, will be the other sector.

“After demonetisation, many small shopkeepers have started using POS machines and are doing more business. Hence their requirement for finance has gone up. Under MCA, we could give them advance looking at their daily transactions,” he said.