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Source: SEBI
Veritas Finance Limited is a non-deposit taking NBFC established in 2015, primarily providing small business loans to MSMEs and self-employed individuals. The company has a branch network of 424 across 10 states and one union territory, focusing on underserved markets.
The Indian financial landscape presents significant opportunities for NBFCs, particularly in the MSME sector, which faces a substantial credit gap. The expected growth of NBFC credit at 15-17% between FY2024 and FY2027 highlights the potential for expansion.