Authum's Credit Business has been built on the back of the successful acquisition of Reliance Commercial Finance Limited ("RCFL") and the business assets of Reliance Home Finance Limited ("RHFL") in FY 2022-23 through a competitive process, as well as Authum's subsequent success in driving business transformation towards creating a sustainable and thriving business.
Authum believes it has all the critical building blocks viz. management capability and experience, local market knowledge, internal controls and risk management frameworks, geographical presence, collections infrastructure etc. to build a full-fledged credit franchise. As of December 31, 2024, the Credit Business had loans assets in excess of ₹24,000 million, with a track record of fresh disbursements of at least ₹5,000 million per quarter on average, over the past 4 quarters.
The Credit Business endeavours to provide a wide range of credit and financing solutions across the entire spectrum of the yield curve.