Credifin is a leading provider of financial solutions that empower individuals and businesses to achieve their goals. Activating leadership, living diversity, customer centricity, striving for excellence, demonstrating integrity, sustainability are Our Core Values
Founded in 1992, Credifin Limited (formerly PHF Leasing Limited) is a category "B" Non-Banking Financial Company (NBFC) listed on the Metropolitan Stock Exchange of India, headquartered in Jalandhar, Punjab. As of September, 2024, the company has achieved assets under management (AUM) exceeding ₹280 crores, with expectations to surpass ₹300 crores by the end of the fiscal year. This marks a remarkable growth from ₹10.28 crores as of March 31, 2020. Credifin holds a BBB- rating from CRISIL and has successfully reduced its non-performing assets (NPAs) to enhance financial stability.
Operating across 11 states and union territories, Credifin has established a presence in over 120 locations and employs more than 500 people. The company primarily serves borrowers in rural and semi-urban areas in regions including Punjab, Delhi NCR, Himachal Pradesh, Rajasthan, Haryana, Uttar Pradesh, Madhya Pradesh, Uttarakhand, and Jammu.
Credifin's product portfolio has diversified to include mortgage loans against immovable property (LAP), as well as financing for electric vehicles such as e-rickshaws, e-loaders, and electric two-wheelers. This shift aligns with the growing demand for sustainable transportation solutions and reflects the company’s commitment to innovation.
Credifin is dedicated to promoting financial inclusion by providing viable financial solutions to lower-income segments. The company actively supports women’s empowerment by mandating female co-borrowers for all financing products, particularly in MSME loans aimed at women entrepreneurs. This focus on social responsibility, combined with strategic growth initiatives, has significantly propelled the company forward, positioning it as a key player in the financial services sector.
In addition to its core offerings, Credifin is exploring partnerships and collaborations to further enhance its reach and impact in the market. This forward-thinking approach ensures that Credifin continues to adapt to the evolving financial landscape and meet the diverse needs of its customers.
Chief Executive Officer
I hope this message finds you in great health and high spirits. It is with immense joy that I share a significant milestone in our journey together. Over the past two years, your steadfast support has been a key driver in Credifin's growth, and I am truly grateful for the trust you have placed in us.
As the CEO of Credifin, I am excited to announce a transformation that will further enhance your confidence in our company. We have not only crossed the remarkable milestone of ₹250 Crores in assets but have also reaffirmed our financial stability with the prestigious BBB- Stable credit rating from CRISIL. This rating is a testament to the strength and resilience of our business.
We fully recognize that none of this would have been possible without your invaluable partnership. Your belief in our vision and ongoing support has been a crucial factor in helping us reach new heights and setting even more ambitious goals for the future. Read More...
V.K. Sareen is Ex-Vice-Principal and Head of PG Department at D.A.V. College, Jalandhar. After passing M.Com (with distinction) from University Business School, Punjab University, Chandigarh, he joined D.A.V. College in 1980. As Project Director, conducted various seminars, workshops, delivering uest lectures on varying topics in different colleges, he has co-chaired technical sessions, coordinated panel discussions and has judged inter-college quiz and other competitions.
Ashwani Kumar Jindal is an Independent Director. He is a recognized member of the Institute of Chartered Accountants of India. He has an immense knowledgeable experience in Income Tax, GST and Auditing. Worked and dedicated for social cause and organize blood donation camps, Flag Hosting, Plantation and many more. He is Co-opted Member of Internal Audit Standard Board of ICAI for the year 2020-21 and remained co-opted member of Committee of Members in Industry & Business of ICAI for the year 2019-20. Also remained Co-opted member of Board of Studies of ICAI for the years 2016-2019. He remained as Chairman of Jalandhar Branch of NIRC of ICAI for three years in 2006, 2009 and 2013-14. He is Founder member and General Secretary of Chartered Accountants Association. He is also General Secretary of Income Tax & GST Bar Jalandhar.
Specialization: corporate laws, management consultancy and BPR solutions Aditi Kapur Arora, is a qualified Company Secretary and a Law Graduate. She is also a Six Sigma Black Belt certified. She is also a Senior Associate in Kapur Law Firm, a leading civil law firm of Kapurthala established since 1925 and a Senior Associate in M/s Arora and Associates, a leading multi disciplinary law firm based at Jalandhar. Her expertise includes corporate laws, management consultancy and BPR solutions. She has been handling independently legal matters of the reputed organizations in the region including Consumer Litigation, Arbitration Matters, Revenue Matters etc.
Specialization: Management, Administration, Educational & Social Work Chandan Chugh, the younger son of Shiv Dyal Chugh and brother of Rohin Chugh, is Promoter and Non-Executive Director of the Board of the Company since 20/09/2000. He is graduate in Hotel Management. He is the Managing Director of Credifin. He is having more than 13 years of experience in the NBFC industry and having wide knowledge of all aspects of NBFC business. He also contributes in the Management of the Company and also involved in the Business Administration and Policy Decisions of the Company. Further, He is actively involved in the Social works and Educational activities and also contributes the Management experience in the Business of the Company.
Meghal Gupta is an Engineer by profession. He has a wide experience in NBFC and finance sector. He is also the promoter of Hamco Ispat Private Limited, a leading manufacturer and exporter of wide range of industrial tools. He has worked as an Engineer with Happy Forgings Private Limited, GNA Axles Limited and NK Industries Limited. He is a state player of roller skating and judo. He has executed various projects at College Level, namely solar vehicle, hybrid vehicle and power generation through footsteps.
Our goal at Credifin is to provide access to vehicle loans, home loan, and loan against property at insight competitive interest rates. We are here to help you in fulfilling your dreams.
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