Credifin Limited (formerly PHF Leasing Limited), a listed NBFC on the Metropolitan Stock Exchange of India, has announced the expansion of its operations into Maharashtra and Chhattisgarh while strengthening its presence in Madhya Pradesh. As part of its growth strategy, the company is set to introduce mortgage loan offerings (Loan Against Property or LAP) in Madhya Pradesh in 2025 and expand its existing vehicle loan business across these regions.
The company has set an ambitious loan disbursement target of ₹200 crore from these new markets. To support its expansion, Credifin is hiring over 300 employees in Maharashtra, Chhattisgarh, and Madhya Pradesh within the next two months. The company will establish a strong presence in key cities such as Mumbai, Navi Mumbai, Pune, and Nagpur in Maharashtra, while also expanding to Raipur, Bilaspur, and Korba in Chhattisgarh. In Madhya Pradesh, it aims to grow its footprint in Bhopal, Indore, Gwalior, Ujjain, Jabalpur, Sagar, Rewa, Satna, Neemuch, and Guna.
“Our expansion into Maharashtra and Chhattisgarh, along with the introduction of mortgage loans in Madhya Pradesh, marks a significant milestone in our journey to become a leading player in the Indian financial services market,” said Shalya Gupta, CEO of Credifin Limited. He emphasized the company’s commitment to expanding financial access to underserved customers, adding that the new mortgage loan portfolio will address a critical need for families and businesses in the region.
Currently, Credifin operates in 25+ locations in Madhya Pradesh, primarily offering vehicle loans, and plans to diversify its portfolio with mortgage loan products. The company is also deepening its presence in Rajasthan, where it is expanding its mortgage loan business and increasing its workforce.
Credifin’s aggressive expansion underscores its vision to revolutionize financial services by providing accessible and flexible financing options. With operations spanning 150+ locations in 11 states and UTs, the company employs 550+ people and closed Q3 FY2024-25 with an AUM of ₹312 crore.
As Credifin enters new territories and strengthens its portfolio, its focus on hiring, financial inclusion, and innovative lending solutions positions it as a rising player in India’s NBFC sector.