TAB Capital, management recognized as fastest growing NBFC in SME manufacturing summit
ANI | Updated: Sep 11, 2017 15:37 IST
New Delhi [India], Sept 11 (ANI): The State Bank of India has recognized the TAB Capital as the fastest growing NBFC ever since its inception in March, 2016 in the Small and Medium Enterprises (SME) manufacturing Summit held on September 8 in Mumbai.
TAB Capital Limited is the fastest growing and Award-winning NBFC headquartered in Pune. TAB Capital utilizes customer profiling, cash-flows, business model, social behaviour and personal discussions with promoter for credit appraisal. Its loan size ranges from Rs.2 lakh to Rs. 1 crore, with the average loan size being around Rs. 10 lakhs
"It was a humbling experience to be recognized for our contributions and receive the honor from the esteemed chairperson of the SBI. The recognition validates the risks we have taken in the past and the struggle we have had to streamline financing and spread financial inclusion in India," said Chairman and MD TAB Capital, Chartered Accountant Abhay Bhutada who was also recognized as the young entrepreneur for the year 2017. (ANI)