Northern Arc Capital posts 2-fold rise in F22 profit

MUMBAI: Northern Arc Capital, a debt arranger which also provides credit to MSMEs and emerging businesses, has reported a near twofold increase in net profit at Rs 163.73 crore in FY22, up from Rs 56 crore a year ago.

Revenue rose over 34 per cent to Rs 867.11 crore in FY22 from Rs 646 crore in FY21.

The financial services platform has disbursed over 5 million loans across business loans, personal loans all digitally over the years and has cumulatively raised over Rs 1 lakh crore in funds for its clients since the inception of its platform in 2009.


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