KLM Axiva Finvest announces a remarkable 42% increase in profit before tax, reaching 24.63 crores, driven by the success of its microfinance and gold loan divisions. The company's strategic financial management and commitment to customer service have propelled it to new heights in the financial sector. With substantial deposit growth and expansion plans underway, KLM Axiva Finvest is poised for continued success.
Kochi, India – KLM Axiva Finvest is pleased to announce a year of outstanding financial performance, highlighted by a significant surge in profitability and strategic expansion. The company reported an impressive profit of 24.63 crores for the last fiscal year, representing a substantial 42% increase in profit before tax payments. This remarkable growth is a direct result of the success and strong performance of the company's microfinance and gold loan divisions.
The firm also experienced a notable increase in interest income, reaching 275.40 crores, a remarkable 53% rise compared to the previous year. Total assets under management surged to 1719 crores, a testament to KLM Axiva Finvest's commitment to sustained growth and effective financial strategies. Deposits saw an impressive surge, reaching 1314 crores, while total loans disbursed amounted to 1445 crores, demonstrating the company’s vital role in supporting its customers’ financial needs.
KLM Axiva Finvest has proactively reinforced its financial stability by securing funds through the latest Non-Convertible Debenture (NCD), backed by gold. This strategic maneuver provides the company with the flexibility to pursue future investments and capitalize on strategic growth opportunities. Furthermore, the company’s non-current assets constitute a modest 1.84% of the total assets, emphasizing a commitment to long-term stability and responsible growth.
Manoj Ravi, CEO of KLM Axiva Finvest, shared his enthusiasm about the company's performance, stating, "We are delighted with the remarkable growth we have achieved in the past year. Expanding our operations into North India by establishing approximately three hundred new branches has allowed us to extend our gold mortgage loan services to a broader customer base. This strategic expansion exemplifies our unwavering commitment to reaching new horizons and serving our customers better."
As one of the oldest financial institutions in the region, KLM Axiva Finvest remains dedicated to supporting the social and economic development of Kerala. With a legacy built on trust, expertise, and exceptional service, the company has cultivated enduring relationships with its patrons. KLM Axiva Finvest's unwavering commitment to maximum security and superior returns on assets has garnered unparalleled customer loyalty, now proudly serving over one lakh satisfied customers.
Founded in 2000, KLM Axiva Finvest has evolved from a small team of five into a leading financial services provider, driven by innovation, excellence, and a desire to outperform its contemporaries. Committed to empowering individuals and enabling them to realize their dreams through smart and innovative investments, KLM Axiva Finvest looks forward to continuing its legacy of growth and success, underpinned by its core values of integrity, credibility, fairness, impartiality, openness, and transparency.
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