Karina Fincap plans to expand diversify its services; targets business of Rs. 400 cr
By Vaibhav Aggarwal
Jul 30, 2012
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The Delhi based non banking finance company, Karina Fincap, is planning to diversify its services to include services like pre paid debit cards, second hand commercial vehicles, low cost housing and loans against shares and mutual funds.

At present, the company provides gold loans and personal loans of small amounts (less than Rs. 50,000) to its customers. It started doing business in May this year and has 4 branches across Delhi.

The chief executive officer of Karina Fincap, Mr. Devesh Sinha, said that the company plans to expand and increase its branch network in four cities in northern India, like Jalandhar and Ludhiana.

He also said that in just two months of operations the company has already sanctioned loans amounting to Rs.10 crore. The company has targeted to disburse loans worth Rs. 400 crore in the current fiscal by expanding into other states in the northern region of the country.

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