Bottomline: Multiples PE-backed Veritas boosts FY23 profit as AUM jumps, margin expands
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Bottomline: Multiples PE-backed Veritas boosts FY23 profit as AUM jumps, margin expands

By Aman Rawat

  • 25 Oct 2023
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Bottomline: Multiples PE-backed Veritas boosts FY23 profit as AUM jumps, margin expands
D Arulmany, founder, Veritas Finance

Non-bank lender Veritas Finance Pvt. Ltd strengthened its financial position in the year through March 2023 as loan disbursements nearly doubled and net interest margin expanded while credit costs and bad debt levels fell.  The company, which counts private equity firm Multiples PE as an investor and lends mainly to small ......

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