Fullerton India Credit Company Limited is a non-banking financial company (NBFC) in India that provides various financial products and services, including personal loans, business loans, and loans against property, among others.
The company operates in the financial services industry in India and competes with other major NBFCs such as Bajaj Finance and Tata Capital.
The future of Fullerton India will depend on its ability to continue to provide quality financial products and services to customers, as well as adapting to regulatory changes in the industry. The company has been focusing on digitizing its operations and expanding its reach in rural areas to tap into the underbanked population.
In terms of revenue and profit, Fullerton India reported a total income of INR 3,384 crore (approximately USD 458 million) and a net profit of INR 266 crore (approximately USD 36 million) for the fiscal year 2020-2021. The company’s revenue was impacted by the COVID-19 pandemic, which affected its loan portfolio quality and led to increased provisioning. However, the company has maintained a strong capital position and continues to focus on growing its loan book.