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TAB Capital, the non-deposit taking NBFC registered with RBI crossed 101 crores of Loan disbursement.

TAB Capital, the non-deposit taking NBFC registered with RBI crossed 101 crores of Loan disbursement.

Having already disbursed over 450 loans, the NBFC is eyeing AUM of 500 Crores in next 2 years

New Delhi, August 16, 2017: TAB Capital, one amongst the fastest growing and award-winning NBFC based out of Pune, announced reaching the AUM of 101 crores, as of 31 July 2017. As a Non-deposit taking NBFC registered with the RBI and founded by CA Abhay Bhutada, TAB Capital escalates the entire loan application process and promises loan disbursement within 2 business days. Driven with its growing popularity and an affirmative response, the NBFC is now eyeing reaching the AUM of 500 crores in the next two years. 

Commenting on this significant development, CA Abhay Bhutada, Chairperson & Managing Director of TAB Capital said, “We have been pleased to meet the AUM of 101 crores. The achievement not only consolidates our position as one of the emerging and fastest growing NBFCs in India, but gives us a further impetus to implement our expansion plans and reach out to more MSMEs, Professionals and Service Sector enterprise that require financing. In the next two years, I envision TAB Capital touching the AUM of 500 crores, along with more number of branches and financial experts associated with the brand.”

Headquartered in Pune, TAB Capital is present across Delhi, Bangalore, Chennai and Hyderabad. The enterprise plans to augment its pan-India presence by opening 10 new branches and beefing up its existing talent pool by acquiring the right talent from the banking and financial domain. 

About TAB Capital:
TAB Capital Limited is one of the fastest growing and Award-winning NBFCs in India. Based out of Pune and founded by CA Abhay Bhutada, the NBFC is present across multiple geographies with its branches in Delhi, Bangalore, Chennai and Hyderabad. Registered with the RBI as a Non-Deposit taking NBFC, the enterprise endeavours is revolutionizing Digital Lending for SME Finance.

The USP of TAB Capital lies in not following the conventional route and making funding quicker and hassle-free. The platform has commissioned an advanced proprietary algorithm that leverages big data and analytics to simplify and accelerate loan application, verification, approval and disbursement. As a consequence, TAB Capital promises a turnaround time of only 2 business days for collateral free business loans, an exemplary feat in the MSME lending space.

TAB Capital was recognized as the “Emerging Tech Savvy NBFC” at the MSME Banking Excellence Awards instituted by CIMSME. Following the same, TAB Capital emerged as the “Best Start-Up Profit Making NBFC” at the hands of Suresh Prabhu, the Hon’ble Railways minister of India. Recently, the company was awarded the ‘Fastest Growing Digital Lending NBFC of India’ at Digital India Summit 2017 at the hands of Ravi Shankar Prasad, Hon’ble Minister for Information Technology.