Registered with RBI as a non-deposit taking systemically important NBFC, the businesses that FiveStar works with can be touched and felt in our daily lives and these are businesses that create real impact on the ground. Target customers include all the way from small shop owners, flower vendors, maids, masons to small and medium enterprises that form the backbone of India’s economy. The Company operates in 8 States and 1 Union Territory and has a borrower base of over 1.75 lakh borrowers as of FY2021.

Between FY2017 and FY2020, the Company saw stellar growth, with portfolio almost doubling every year. The Company’s Asset Under Management (AUM) has grown by 14% during the FY2021 scaling up its business and disbursals leading to a good quantum of disbursals of ₹1,245 Crores. The Company has managed to increase its customer base as well.

The Company gives a lot more importance to robust collections and strong asset quality. Even during difficult events such as demonetisation, GST implementation and liquidity crisis, the Company has been able to maintain a very healthy asset quality.

One of the areas of significant priority for the Company is technology. From being a completely paper-based organisation for many years, the Company transformed into a paperless Company. The Company intends to make significant investments in technology, both in terms of manpower and infrastructure, to leverage the power of right technology and put to the best use possible.

Non-banking financial company (NBFC) Five Star Business Finance Ltd, which is backed by private equity firms Sequoia Capital and KKR, is readying to file draft papers for an initial public offering (IPO). It plans to raise $400 million (more than ₹2,900 crores)through the public listing. Five Star has mandated Edelweiss, Nomura and Kotak Securities as the bankers with ICICI Securities as the lead merchant banker to run the IPO process.