About The Company

Incorporated in 1986, Indel Money Limited is a non-deposit-taking non-banking finance company (NBFC) registered with RBI. The company deals in the gold loan sector, lending money against the pledge of household gold jewelry. The company also provides loans against property, business loans, and personal loans.

As of September 30, 2023, the total loans and advances amounted to ₹ 67,132.98 lakhs, with Fiscal 2023, 2022 and 2021 accounting for ₹50635.60 lakhs, ₹ 42,135.99 lakhs and ₹ 30,994.35 Lakhs respectively, representing 82.13%, 78.18%, 80.46% and 77.71% of the total.

The company's gold loan customers are primarily from rural and semi-urban areas. As of September 30, 2023, the company had a network of 250 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Odisha, Maharashtra and Telangana, and the union territory of Puducherry. The company's web-based centralized IT platform records details of all branches and handles the management of the loan and related information. The company has also launched its web applications on the Google play store & the iOS App Store. The company has developed its web-based payment portal named E-Connect which helps makes business operations more efficient.