Sunshine Capital Ltd informed BSE on Wednesday that it has become completely debt-free. This achievement, facilitated by the strategic issuance of equity shares, has fortified the company’s balance sheet, eliminating debt and bolstering its financial health.

Having become debt-free, the company has set its sights on the burgeoning retail loan market. In its strategic expansion plan, the company is exploring opportunities to offer home loans and education loans, particularly targeting Indian students aspiring to study abroad.

By entering the retail loan segment, Sunshine Capital Ltd aims to diversify its product offerings and cater to a broader customer base. The company is in the early stages of seeking partnerships with prestigious international universities, which would enhance its loan offerings and support students’ educational aspirations.

Also Read: Should you be afraid of applying for an education loan?

Recognizing India’s status as a rising hub for next-generation technology, Sunshine Capital is also considering investments in promising tech and AI startups. This initiative is part of the company’s broader strategy to tap into innovative ventures and leverage technological advancements. By investing in early-stage tech and AI startups, Sunshine Capital aims to be at the forefront of the AI revolution, fostering innovation and capturing growth opportunities in the tech sector.

These strategic initiatives underscore Sunshine Capital’s commitment to growth and value creation. The company’s debt-free status, coupled with its expansion into retail loans and interest in tech startups, highlights a proactive approach to diversifying revenue streams and capitalizing on emerging market trends.

Commenting on these developments, a spokesperson for Sunshine Capital Ltd said, “We are thrilled to announce that Sunshine Capital Ltd is now debt-free. This milestone marks a new chapter for our company, providing a strong financial foundation for future growth. Our exploration into the retail loan segment and interest in tech and AI startups are strategic moves aimed at diversifying our portfolio and seizing new market opportunities. We are confident that these initiatives will drive long-term value for our shareholders and position Sunshine Capital as a leader in the financial services sector.”

Incorporated in 1989, Sunshine Capital operates in the financing business, trades in shares, and is engaged in various investment activities.