Veritas Finance Limited IPO

Veritas Finance is a retail-focused non-banking financial company (NBFC) that primarily provides loans to MSMEs and self-employed individuals. The company operates through a network of 424 branches (excluding service centres) across 10 states and one union territory in India, offering a range of financial products, including small business loans, home loans, and used commercial vehicle loans. As of September 30, 2024, its total Loans under Management (AUM) amounted to ₹65,172.17 million across multiple lending segments. Veritas Finance focuses on extending retail credit to underserved borrowers in rural and semi-urban areas who have limited access to formal financial institutions and traditional documentation. Its growth is driven by a diversified product portfolio, broad geographic presence, and a proprietary credit assessment model designed to evaluate borrower risk effectively.