New Delhi June 22 (KNN) Pune based Kudos Finance and Investments a Non Banking Finance Company that operates in MSME lending space has recently launched its new branch at Nasik (Maharahtra) as a part of its expansion and growth plans.

Started with a team of seven employees and one branch a few years back, the company has launched its fourth branch after successfully establishing 3 branches in Pune and has close to 35 employees.

Founded in 2014 by Pavitra Walvekar, Kudos Finance and Investments offers loans under 3 product category-short term loan (1–6 months), Business loans (24-36 months), and Machinery loans (30–36 months).

Kudos provides unsecured collateral-free business loans to retailers, traders, kirana stores, saree centres, medical stores, garages, restaurants, etc., with a ticket size of Rs 1–15 lakh.

Further, under the machinery loan category, Kudos provides loans to manufacturing sector with a ticket size starting from Rs 1 to 15 lakh.

While under the short-term category, Kudos offers unsecured loans to existing customers who want to buy bulk goods at discounted rates, with a ticket size starting from Rs 2 to 10 lakh.

Since the start of the business operations, Kudos Finance has been doubling its loan book every year with a strong focus on portfolio quality and has been successfully able to raise funds in multiple follow on tranches from 6 lenders including Capital First, MAS Financial, Bank of Maharashtra, Electronica Finance, Caspian and Essel Finance.

The credit of this success goes to Pavitra who did an extensive market research on the borrowing habits and loan purposes of MSME sector and created a database of potential segments and customers.

Before approving loans Kudos perform proprietary method of assessment by following robust underwriting process and also performs last mile customer verification to avoid frauds.

Kudos has been continuously working on adopting technology to automate processes and has implemented systems to improve customer on boarding experience, decision making quality and reduce turn-around time of a transaction.

The NBFC has also tied up with two Insurance companies to provide credit link shield insurance to its customers.