The assets under management (AUM) of microfinance lender CreditAccess Grameen has touched Rs 25,000 crore, the company announced in a press release on Monday.
The company said that the AUM growth is in line with the annual growth guidance of 24-25%, fuelled by a robust customer additions.
Founded in 1999, CreditAccess Grameen is the largest microfinance company in the country. The gross loan portfolio stood at `23,382 crore as on December 31. The company is operating across 367 districts in 16 states through 1,894 branches.
“We remain steadfast in our commitment to add value at every phase ensuring consistent performance across all core parameters,” says Ganesh Narayanan, chief executive officer, CreditAccess Grameen.
“In line with our philosophy of evolving with customers, we have now scaled our retail finance book to over Rs 600 crore,” he added.