What does SK Finance do? (2024)

What does SK Finance do?

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.

What is SK finance?

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.

Who is the owner of SK Finance?

Founders and Board of Directors of SK Finance

Rajendra Kumar Setia, Founder & CEO, is a founder of 1 company and on the board of 1 company. Shalini Setia, Co-Founder, is a founder of 1 company, an Angel investor in 1 company and on the board of 1 company.

How many employees does SK Finance have in India?

8500 crore, presently, we operate in 12 states and 1 union territory with over 490 branches and a family of more than 9,500 employees.

How many branches does SK Finance have in India?

With our vast experience of over 29 years as one of leading Non-Banking Finance Company, we are able to create a strong brand recall amongst our customers in the markets where we have a presence. Today, we are present across 12 states and 1 union territory through over 530+ branches.

What is the history of SK Finance?

Sk Finance Limited is an unlisted public company incorporated on 21 November, 1994. It is classified as a public limited company and is located in Jaipur, Rajasthan. It's authorized share capital is INR 30.00 cr and the total paid-up capital is INR 6.64 cr.

Who are micro credit loans for?

Microcredit is a common form of microfinance that involves an extremely small loan given to an individual to help them become self-employed or grow a small business. These borrowers tend to be low-income individuals, especially from less developed countries (LDCs).

Who are the directors of SML Finance?

How much is SK company worth?

Market cap: $8.04 Billion

As of February 2024 SK Group has a market cap of $8.04 Billion. This makes SK Group the world's 1847th most valuable company by market cap according to our data.

Is SK a big company?

SK Group is South Korea's third-largest conglomerate with more than 120 operating companies that have a combined annual revenue of more than $119 billion. SK's operating companies are focused on four major areas: Semiconductors, Telecommunications, Energy and Life Sciences.

What type of company is SK?

SK Inc (SK), formerly SK Holdings Co Ltd, is a holding company that has presence in energy and chemicals, information technology (IT) and telecommunication, life sciences, semiconductors, marketing and other sectors.

How many small finance banks are there?

As of December 2021, there are 11 Small Finance Banks in the country: Au Small Finance Bank Ltd. Capital Small Finance Bank Ltd. Fincare Small Finance Bank Ltd.

Is Small Finance Bank private?

The small finance bank shall be registered as a public limited company under the Companies Act, 2013.

How long has regional finance been in business?

About us. Founded in 1987, Regional Finance began operations with four branches in South Carolina.

What credit score do you need for a micro loan?

The SBA microloan credit score minimum credit score is only 620, but other lenders will require up to 640 depending on the other business requirements you present. Collateral is also required since this reduces the risk for lenders.

What are the disadvantages of microfinance?

There are some cons regarding microcredit, including too much pressure to repay loans, a large suicide rate among borrowers, and severe debt levels. A contributing factor to the disadvantages is the high interest rates on some microcredit loans – rates can be 30% or even higher.

What is the difference between a bank and a microfinance?

Microfinance caters to the financial services needs of the poor and micro enterprises and is normally collateral-free short term facility whereas the commercial banks generally deal with corporate clients, SMEs and individuals with larger income levels and extend financing facilities primarily based on collaterals and ...

What does SML mean in finance?

The security market line (SML) is a line drawn on a chart that serves as a graphical representation of the capital asset pricing model (CAPM)—which shows different levels of systematic, or market risk, of various marketable securities, plotted against the expected return of the entire market at any given time.

What does SK Group sell?

SK companies are global leaders in major areas of business including: electric vehicle batteries, semiconductor technology & materials, and pharmaceutical development & manufacturing. disorders with approved FDA treatment for adult patients with partial-onset seizures.

Where is the headquarters of SK Holdings?

Where is SK Holdings 's headquarters? SK Holdings is located in Seoul, Seoul-t'ukpyolsi, South Korea .

How many employees does SK Group have?

SK companies combined have $105 billion in global annual revenue and more than 100,000 employees worldwide.

What is the total assets of SK Group?

Total assets on the balance sheet as of September 2023 : $153.61 B. According to SK Group's latest financial reports the company's total assets are $153.61 B. A company's total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.

What is the former name of SK Inc?

The company was formerly known as SK Holdings Co., Ltd and changed its name to SK Inc. in March 2021. SK Inc. was founded in 1991 and is headquartered in Seoul, South Korea.

What is the history of SK Holdings?

History. SK Holdings was established when SK Group decided to reorganize South Korea's biggest refiner SK Corporation into a holding company structure after a high-profile battle with Dubai-based fund Sovereign Asset Management in 2003.

Is SK a Chinese company?

As the holding company of SK group, South Korea's third-largest conglomerate, SK Holdings owns significant stakes in petrochemical producer SK Innovation, mobile carrier SK Telecom and contractor SK Engineering & Construction.