Meeting of Board of Directors of Tattva Fincorp Limited was held on 22.01.2019 to consider and approve the results for the period Q3 FY 2019. Notwithstanding the volatile situation prevailed in the credit market, our company could present a significant performance and register a sales growth of 120% compared to the second quarter. This could have been higher, had the ripples of high falls of big names NOT affected the economy.
We have crossed a milestone of 10,000 vehicles at the end of Q3 and clocked a book value of Rs 70 crores. Other products added to loan list during the period have also generated interest in customers and lots of enquiries are being received on daily basis. It is expected that with proper marketing initiatives we can achieve a targeted contribution of at least 5% of total book value from ancillary products. So far we have been able to maintain our USP of providing loans at the shortest span of time, which may have contributed towards maintaining the lead among the beginners. However, to be complacent is a crime and being alert and responsive is a mark of prudence
