Protium crosses disbursements of Rs 4200 crore

Protium, which is into secured and unsecured loans as well as cash flow-based lending to MSMEs, consumers, and educational institutions, has witnessed disbursement growth of Rs 700 crore, amounting to Rs 4,200 crore in the last quarter as against Rs 3500 crore in the previous quarter. This has resulted in the company amassing a respected loan book of more than 2250 crores. The company ‘remains significantly profitable’ with 80 percent of loan book secured/asset-backed and NPAs at 0.44 percent as of November 2022.

The company has supported 5 lakh businesses till date across the country keeping with its philosophy of fuelling ambitions and making availing credit seamless for business owners across, of which over 1 lakh are MSMEs who have secured Rs 3 lakh to Rs 5 crore credit.

“Great financing is always backed by strong fundamentals. Protium has an inward digital and outward physical approach. We believe in going back to the basics in order to identify our target customers’ financial needs and meet those needs through exceptional engineering. We lay strong digital roots and establish a tangible presence across the country to fortify the Indian financial system. We reach the customer in the way they are most comfortable in. It is given that customers will interact with us digitally for loans and services, but many aspects of secured business needs a technology stack that allows switching between digital and physical interaction,” said Padmanabhan Balasubramanian, Partner at Protium.