About The Issuer
Incorporated in 1955, Sakthi Finance Limited, a part of Sakthi Group of companies based in Coimbatore, South India, is an investment and credit company with a primary focus on financing pre-owned commercial vehicles.
The company also provides finance for the acquisition of machinery, cars, jeeps, and multi-utility vehicles for use in building infrastructure.
The company has a network of 51 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and the Union Territory of Puducherry. The company also generates power from windmills and sells it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. At present, Sakthi Finance has 17 windmills with an aggregate capacity of 5,150 kW located in the States of Tamil Nadu and Gujarat.
As per the financial data 31/03/22, the company has a Total Assets of Rs. 1269 Crore, Total Liabilities and Borrowings of Rs. 1071 Crore, Total Revenue of Rs. 181 Crore and Profit after Tax of Rs. 9.5 Crore.