New Delhi, Deposit-taking NBFC PHF Leasing Ltd on Tuesday said it has raised USD 10 million capital through equity and debt which will be used to expand into new areas.
This comprises approximately 60 per cent equity and 40 per cent debt, the Jalandhar-headquartered company said in a release.
It offers mortgage loans against real estate (LAP) and e-vehicles, primarily e-rickshaws, e-loaders and EV-2 wheelers.
“The equity investment of US$6 million will help us maintain a healthy debt equity ratio as per industry norms. We will use the funds to reach new geographies and maintain growth of over 50 per cent year-on-year,” said Shalya Gupta, CEO, PHF Leasing.
This loan has been raised by involving existing lenders as well as new lenders. A total of 82 individuals and companies participated in the equity raisin round and the company added three new lenders in March 2024, including Cholamandalam Investment and Finance Company, SMC Moneywise and Vivarit Financial.
Lenders working with PHF Leasing include SBI, AU Small Finance Bank, MA Financial Services, Ambit Finvest, InCred Financial Services, Shriram Transport Finance, Unicom Fincorp and Gromoney Capital.
PHF Leasing operates across more than 120 locations in 10 states and union territories, and employs 500 people.
This comprises approximately 60 per cent equity and 40 per cent debt, the Jalandhar-headquartered company said in a release.
It offers mortgage loans against real estate (LAP) and e-vehicles, primarily e-rickshaws, e-loaders and EV-2 wheelers.
“The equity investment of US$6 million will help us maintain a healthy debt equity ratio as per industry norms. We will use the funds to reach new geographies and maintain growth of over 50 per cent year-on-year,” said Shalya Gupta, CEO, PHF Leasing.
This loan has been raised by involving existing lenders as well as new lenders. A total of 82 individuals and companies participated in the equity raisin round and the company added three new lenders in March 2024, including Cholamandalam Investment and Finance Company, SMC Moneywise and Vivarit Financial.
Lenders working with PHF Leasing include SBI, AU Small Finance Bank, MA Financial Services, Ambit Finvest, InCred Financial Services, Shriram Transport Finance, Unicom Fincorp and Gromoney Capital.
PHF Leasing operates across more than 120 locations in 10 states and union territories, and employs 500 people.
