Who is our customer
Ess Kay Auto Finance Private Limited (SK Finance), incorporated in 1994, is a high growth commercial vehicle finance company based out of Jaipur, in Rajasthan, India. About 90% of vehicles financed by Ess Kay are used as commercial vehicles, dedicated to the transportation of passengers and goods. SK Finance serves more than 10,000 clients and has an asset size of around US$45 mln.
What is our funding objective?
FMO's funding will support the company's growth plans by strengthening its funding base with longer tenors. Additionally, 20% of FMO's funds will be earmarked to green vehicle finance, thereby supporting the company's expansion into this field.
Why do we fund this investment?
SK Finance is a non-banking financial institution with high growth ambitions supported by good systems and management. This investment supports greater availability of commercial vehicles, as well as green vehicles, and is therefore well aligned with FMO's Financial Institutions strategy in India: supporting financial inclusion in the country.
More investments
| Date | Total FMO financing |
|---|---|
| 5/25/2023 | INR 4100.00 MLN |
| 12/9/2019 | INR 2900.00 MLN |
