INDEL MONEY LIMITED

About the issuer

Indel Money Limited, established in 1986, is a non-deposit-taking non-banking financial company (NBFC) registered with the Reserve Bank of India. The company specializes in providing gold loans, offering financial assistance against the pledge of household gold jewelry. In addition to gold loans, Indel Money offers loans against property, business loans, and personal loans. As of September 30, 2023, the company operated 373 branches across 12 states and 3 union territories in India, serving a diverse clientele that includes business owners, merchants, traders, farmers, salaried individuals, and families, primarily in rural and semi-urban areas. Indel Money is part of the Indel Corporation Private Limited group, which has diversified into sectors such as automobile dealerships, hospitality, infrastructure, media, and communication.