KLM Axiva Finvest Reports Impressive Financial Performance, Expands Branch Network

Kochi (Kerala) [India], June 5: KLM Axiva Finvest, a renowned financial services firm, is delighted to announce its exceptional financial performance for the last fiscal year, demonstrating a significant increase in profit and expansion plans. The company recorded a remarkable profit of 24.63 crores, reflecting a substantial 42% growth in profit before tax payments. This success can be attributed to the outstanding performance of the microfinance and gold loan divisions. Furthermore, the firm achieved a substantial interest income of 275.40 crores, marking a remarkable 53% increase compared to the previous year. The total handling assets of the company surged to 1719 crores, showcasing its commitment to sustainable growth.

One of the key drivers of this success was the expansion of the company's branch network. In line with its commitment to reaching new horizons, KLM Axiva Finvest added 300 new branches across India, allowing it to extend its gold mortgage loan services to a broader customer base. This strategic expansion exemplifies the company's unwavering dedication to serving customers better and capturing growth opportunities.

Over the course of the year, KLM Axiva Finvest experienced a surge in investments, reaching an impressive 1314 crores. The total loans disbursed amounted to 1445 crores, demonstrating the company's strong position in providing financial support to individuals and businesses. To strengthen its financial stability and prepare for future investments, the company secured funds through the latest Non-Convertible Debenture (NCD), backed by assets including gold loan receivables. This strategic financial move has solidified the company's position and empowered it to pursue further growth opportunities.

Manoj Ravi, CEO of KLM Axiva Finvest, expressed his delight with the company's growth trajectory. He emphasized that the expansion of operations and the establishment of new branches have enabled them to better serve customers and extend their services to a wider audience. Ravi stated, "Expanding our operations into Pan 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, KLM Axiva Finvest has remained dedicated to supporting social and economic development for the past 24 years. With a foundation of trust, expertise, and exceptional service, the company has fostered enduring relationships with its customers, which has resulted in unparalleled loyalty. Currently serving over two lakh satisfied customers, KLM Axiva Finvest continues to prioritize maximum security and superior returns on assets.

Founded in 1999 with a small capital and a dedicated team of five, KLM Group emerged as a visionary player in the untapped NBFC sector in Pan India. Through years of growth and with unwavering customer support, KLM Axiva Finvest has established a legacy of excellence and success.

Remaining true to its values of innovation, excellence, and outperforming competitors, KLM Axiva Finvest maintains its youthful and vibrant approach, adapting to the ever-changing economy. The company is committed to empowering individuals and enabling them to realize their dreams through smart and innovative investments. With core values of integrity, credibility, and transparency, KLM Axiva Finvest strives to excel in client servicing and continue its path of success.