About TruCap Finance Limited

TruCap Finance Limited is a non-deposit taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India and listed on BSE and NSE. As per RBI’s Scale Based Regulation, the company falls under the NBFC-Base Layer as of March 31, 2025. Previously known as Dhanvarsha Finvest Limited, it focuses on providing credit to underserved and unserved micro and small enterprises across India.

The company offers a diversified product suite including MSME gold-backed loans, unsecured MSME business loans, and Green Energy/3EV loans. Its distribution is anchored by a branch-led model with 122 locations and a national footprint, along with partnerships and digital channels. TruCap operates in eight states—Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Goa, Delhi-NCR, Punjab, and Haryana—primarily targeting Tier II, III, and IV cities and towns.

The company runs a Lending-as-a-Service (L-a-a-S) platform enabling asset-light growth via co-lending with banks and financial institutions. In FY2024-25, L-a-a-S Assets Under Management (AUM) comprised 44% of its portfolio. TruCap’s managed AUM stood at Rs 834 crore for the year and it has one wholly owned subsidiary. It also received registration as a Corporate Agent (Composite) with the Insurance Regulatory and Development Authority of India (IRDAI) on December 18, 2024, allowing cross-selling of insurance products to borrowers.

Key Milestones of TruCap Finance Limited

• Name change to TruCap Finance Limited and listing on BSE and NSE.
• Expansion to 122 branches across multiple states.
• Significant scale-up of the Lending-as-a-Service platform.

TruCap Finance Limited Business Segment

TruCap functions primarily within a unified business segment focused on credit provision to MSMEs through its own branch network as well as co-lending partnerships, complemented by an L-a-a-S platform driving asset-light growth.

The company’s offerings focus on MSME lending solutions including gold-backed loans, unsecured loans, and green energy-related financing. Geographically, TruCap operates nationally with a strong presence in Tier II–IV markets across eight states in India.

TruCap Finance Limited Key Management

• Rohanjeet Singh Juneja – Managing Director & CEO
• Sanjay Kukreja – Chief Financial Officer
• Sonal Sharma – Company Secretary & Compliance Officer
• Lalit Chendvankar – Chief Compliance Officer & Legal Head
• Mahendra Kumar Servaiya – Chief Credit Officer
• Vishal Miglani – Senior Vice President – Business Loans, Cross Sell, Collaborations & Strategy
• Mohinder Dogra – Head – Collections

Latest Updates on TruCap Finance Limited

• Obtained IRDAI registration as a Corporate Agent (Composite) on December 18, 2024, enabling insurance product distribution.
• Board approved a change in control with investor group MCG poised to acquire controlling stake; shareholder approval received with regulatory clearances ongoing.
• An attempted gold loan business slump sale with InCred Financial Services Limited was mutually terminated after shareholder approval.
• Strengthened co-lending alliances with 5 banks and 7 financial institutions; co-lending AUM stood at Rs 433 crore (42% of total), with L-a-a-S model at 44%.
• Maintained branch network spanning 122 locations focused on MSMEs in Tier II–IV regions; increased net interest margin from 3.9% to 7.0% in FY2024-25.
• Board approved 26,62,500 stock options under the ESOP Plan 2018 in May 2025.