- Under its CSR initiative the company, education and living expenses will be taken for 100 orphan children in the State: Adv KG Anilkumar, CMD
- ICL’s global footprint extends to the Middle East with the establishment of ICL Investments LLC, Gold Trading, ICL Financial Brokerage services and ICL Tours & Travels LLC
NE BUSINESS BUREAU
AHMEDABAD, SEPT 23
As part of its nationwide expansion, ICL Fincorp, a Kerala-based gold loan non-banking finance company (NBFC), on Saturday made foray into Gujarat. The fastest growing NBFC has opened five branches and a regional office in Ahmedabad.
Ahmedabad Municipal Corporation Mayor Pratibha R Jain inaugurated the regional office and the branches.
Speaking with navjeevanexpress.com, Adv. KG Anilkumar, CMD, ICL Fincorp, said, “After opening five new branches and one regional office in the financial capital of India – Mumbai in Maharashtra – on Friday, we making foray into Gujarat. Ahmedabad Mayor Pratibha R Jain today inaugurated five new branches and a regional office in Ahmedabad, further solidifying our commitment to providing accessible and tailored financial solutions to the people of this vibrant city. The strategically chosen locations for these branches include CG Road, Relief Road, Naroda, Vastral, and Chandkheda, ensuring enhanced accessibility to a wide range of financial products and services. ICL Fincorp plans to establish five more branches in the city of Ahmedabad in this financial year itself as a part of its wider vision of expansion. We have planned to open 50 branches in the state over a period of one year covering Vadodara, Surat, Rajkot and other important cities.”
On turn around time of granting loans, the CMD replied that they usually give gold loans within 10 minutes without any limit and other loans would take more time to check the documents.
The company’s Whole-time Director Uma Anilkumar gave away loan to the first beneficiary at its Regional Office on Ashram Road in Ahmedabad.
Replying to a query on company’s expansion plans, the CMD said that they would gradually cover Madhya Pradesh, Uttar Pradesh, Punjab, New Delhi and other States. Under our CSR initiative the company, education and living expenses will be taken for 100 orphan children in the States where we are present, he added.
The company’s extensive network spans across India, encompassing over 350 branches, with a strong presence in Odisha and Southern states, including Kerala, Tamil Nadu, Andhra Pradesh, Telangana and Karnataka. Additionally, ICL Fincorp has acquired Salem Erode Investments, a BSE-listed NBFC with over 92 years of dedicated service in Tamil Nadu.
In line with the company’s commitment to giving back to the communities it serves, ICL Fincorp has initiated various charity engagements, including the launch of ‘ICL Support’, which has made significant contributions by aiding goodwill causes.
ICL Fincorp is a distinguished provider of comprehensive financial services, offering a diverse range of solutions to meet clients’ needs. The offerings encompass Gold Loan, Hire Purchase Loan, Mahila Loan, Investment Opportunities, Money Transfer, Foreign Exchange, Business Financing, Home Insurance, Health Insurance, and Life Insurance. Beyond traditional finance, ICL has expanded into various sectors such as travel and tourism, fashion, health diagnostics, and philanthropic ventures.
Moreover, ICL’s global footprint extends to the Middle East with the establishment of ICL Investments LLC, Gold Trading, ICL Financial Brokerage services and ICL Tours & Travels LLC.
