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2020 VELICHAM FINANCE PRIVATE LIMITED

CompanyprofileVelicham Finance Private Limited

Economic self sufficiency of rural &poor families

VISION

Continuous support and servicethrough diversified products

MISSION


VELICHAM, MEANING ‘LIGHT’, IS A NON-BANKINGFINANCIAL COMPANY (NBFC)

Velicham set alight and brightened the lives of the ruralcommunities by providing sustainable financial services andproducts, to its target group of women entrepreneurs, agriculturists,artisans, self-employed labourers, and traders. Our goal is to reach out to the people with poor banking access,leverage and empower their lives and grow together with them.Velicham achieves this through small and medium lending, andthrough innovative financial schemes, which are aptly channeledthrough products that are designed for subsistence living. Ourmission is to offer constant and reliable support through ourdiversified products on a commercially viable basis. We need your positive support to nurture and set our nationwidefootprint towards the benefit of rural & poor families.

ABOUT US


BWDC's Micro Finance Program has been closely collaborating with the State & CentralGovernment, Banks, and other Foreign Funding Agencies. The organization has a strongnetwork of over 37,000+ members with a 29 Cr. portfolio.

Velicham can effortlessly undertake these operations through the trust and customer base ithas through Bharathi Women Development Center.

VELICHAM - ORIGIN & BACKGROUND

Velicham Finance Private Limited has its " GENESIS" with Bharathi Women Development Centre(BWDC), which was established in December 1987 as a Society by Nagarajan Muthukrishnan,who is the Managing Director of Velicham.


CO

MPA

NY

GRO

WTH

& T

IMEL

INE

MAY 2016Started its operations (First loan)

JAN 2017Company name changed to Velicham FinancePvt. Ltd.

MARCH 2019Reached 9 branches during 2018-19

MARCH 2017One crore portfolio reached

MARCH 2019Five crore portfolio reached

MAY 2020Ten crore portfolio reached

MARCH 2016Sushil Hire Purchase Pvt. Ltd. bought byVelicham promoters


Our aim is to become a strong organization that brings economicsuccess, solutions, and self-sufficiency to the financially exceptedcommunity. We wish to be a powerhouse of financial service, providinga variety of products that bring significant change in thousands ofhouseholds and also deliver a substantial contribution to the smallfinance sector. Moreover, we want Velicham to be a space where our investors andpartners achieve their strategic objectives, leading to extensivedevelopment and strong trust. We have immense confidence in achieving our goals as Velichambelieves in mutual growth.

TRUST & DEVELOPMENT

NAGARAJAN, DIRECTOR & CEO


WHAT WE DO - OUR PRODUCTS

AGRICULTURE & ALLIED ENTERPRISES LOANThis loan is specifically provided to women who are trying to promote the agricultural andallied enterprises.

1

MICRO SMALL-MEDIUM ENTERPRISE LOAN (MSME)This (MSME) loan is given only for the handpicked existing customers of Bharathi WomenDevelopment Centre (BWDC), with a good track record (minimum 2+ loan cycle, i.e. 4+ years).

2

Velicham has three well designed loan products focusing on fulfilling customers' requirementsin the working field.Velicham caters only to the women whose households mush have dual-earning members &multiple sources of income.

WATER & SANITATION LOANThis loan is specifically provided to improve sanitation and supply of potable water.


LOAN PROCESS

STEP 1:CRO

INITIATINGAPPLICATION

& CREDITCHECK

STEP 6:LOAN USAGE

VERIFICATIONBY IA &PHONE

STEP 2:BRANCH

MANAGERGRT &

RATING

STEP 3:(IA)INTERNALAUDITOR PRE-VERIFICATION

STEP 4:HEAD OFFICEVERIFICATION& APPROVAL

STEP 5:LOAN DISBURSED

TO CUSTOMERBANK

ACCOUNT & LOANORIENTATION

STEP 7:FIELD OROFFICE

COLLECTION

A simple as well as effective and efficient loan process with a multi-pointverification system.


VELICHAM LOANS ARE100% INSURED

Velicham has an association with various Insurance companiesfor providing cover against death of borrower either throughnatural or accidental causes. Under this arrangement, in the case of any eventuality of deathof the member, the loan amount is settled by the insurancecompany and an additional amount is also paid to the nomineeof the member. This helps the company to avoid the repaymentrisk in the case of such contingencies.

INSURED LOANS


WHAT WE DO - BUSINESS CORRESPONDENCE

It is associated with 58 branches in 16 districts of Tamil Nadu state.

A team of 110 employees is working in 114 number of villages and serving 120000+ number ofclients.

Velicham has been working with the City Union Bank as a Business Correspondent under theFinancial Inclusion program, across the state of Tamil Nadu.


Let's talknumbers Velicham growth in the last 4 years

(2016-17 to 2019-20)


1279NEW LOANS THIS YEAR

GROWING STEADY & STRONG

2498NEW CUSTOMERS THIS YEAR


0.1%PAR

0ZERO MISSED PAYMENTS TOINVESTORS AND BANKSFROM THE DAY ONE

Less than


A TOTAL PORTFOLIO OF 9.87 CR &4.53 CR PORTFOLIO GROWTH INTHE YEAR OF 2019 - 2020

8.72 Crores increases in the portfolio in thelast two years (2018-20)4.19 Cr growth in 2018 -19 & 4.53 in 2019-20Velicham's portfolio has grown almost 5times in the fiscal year of 2018-19 anddoubled during 2019-20Our portfolio is diversified across 9 branches

PORTFOLIO

2016-17 2017-18 2018-19 2019-20

10

7.5

5

2.5

0

In Crores

1.15

5.34

1.03

9.87


TOTAL OF 2100 LOANS GIVEN AT THEEND OF 2019-20

The number of loans given out has seen atremendous increase over the years

More than two-fold increase in 2018-19 and2019-20

NUMBER OF LOANS

2016-17 2017-18 2018-19 2019-20

2,500

2,000

1,500

1,000

500

0

In Thousands

214353

821

2100


TOTAL OF 6406 CLIENT BASE AND2498 NEW BORROWERS THIS YEAR Our client base has been steadily growingwith a 143% increase in 2018-19 and 63% in2019-20.

NUMBER OF BORROWERS

2016-17 2017-18 2018-19 2019-20

7,500

5,000

2,500

0

In Thousands

1605982

3908

6406


EVER GROWING PROFITFROM THE BEGINNING

Velicham's ever-growing profit haveshown remarkable growth, peaking at53.3 lakhs in 2019-20120%(29.1 lakhs) of profit growth in2019-20 from previous yearVelciham is a profit-making companysince inception

2016-17 2017-18 2018-19 2019-20

60

40

20

0

PROFIT

In Lakhs

3.8

10

53.3

24.2


LAST YEAR'S RESULTSIn 2018-19 Velicham recorded a

profit of 24 lakhs, with a client baseof 3908, loaned out 821 loans andboasted a portfolio of 5.34 crores.

THIS YEAR'S RESULTS2019-20 marked a milestone inVelicham's history with a record

profit of 53.3 lakhs, a client base of6406, loaned out 2100 loans and a

portfolio of almost 10 crores.


NAGARAJANMUTHUKRISHNAN

MD & C.E.O.

KAMALAKAR SAI PALAVALASA

Director

KRISHNAKUMARDirector

MEET THE TEAM


RAM KUMAR

Head - Operations

GANGA DEVI

Head - Planing & Credit

MEET THE TEAM

RAHULNAGARAJAN

Director


MOBILE-BASED LOANPROCESS

Seamless loan processing byutilizing the Cloud-based

Mobile app

ADVANCED TECHNOLOGY

INFO MICROFINHighly advanced

Cloud-based MIS software

ZOHO HRMS &LMSZoho People, Payroll and

Learning Management Systemfor better Team member

experience and effectivelypayroll processing



CURRENT PARTNERS

AMUTHA“We sell plastic water containers that

come in different sizes, and drums witha lid can be used to store rice, chillis,

and the ones with vents are for storingvegetables”. “This is the only business

we know, Thanks for saving ourbusiness” said Amutha and she

expressed her gratitude to VelichamFinance for helping her pursue the

business.

SUNDHARAVALLIFor Sundharavalli, the loan has not onlyprovided her with a monthly income to

sustain her in her old age but alsohelped her rear cows again. She

hugged a passing cow and said "I loveCows, I want to have more cows now.

Cows make me happy. Thanks forbringing happiness into my life. "

IMPACT-TESTIMONIALS


ADDRESSVelicham Finance Private Limited

Kattur & Post, Kudavasal-(TK),Thiruvarur-(Dist), Tamil Nadu,

India, Pincode: 610104.

PHONE

EMAIL+91 9942985600

[email protected]

LET'S COLLABORATE WAYS TO REACH US

2020 VELICHAM FINANCE PRIVATE LIMITEDwww.velichamfinance.com

profile company...c o m p a n y g r o w t h & t i m e l i n e m a y 2 0 1 6 started its...

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