Share India Fincap: Tech-Driven Journey to Financial Inclusion by Catalyzing Rural Empowerment

Rajesh Gupta ,Managing Director

Rajesh Gupta

Managing Director

India's Non-Banking Financial Company (NBFC) market is experiencing notable trends and robust growth factors. The sector is evolving rapidly, driven by a surge in consumer demand for a wide range of financial services beyond traditional banking. Growth is propelled by factors such as increasing urbanization, rising disposable incomes, and the need for quick and accessible credit options.

Furthermore, technological advancements and digital innovations are reshaping the NBFC landscape, making financial services more accessible to a wider population. However, challenges persist, where consumers in rural areas often face issues accessing financial services due to limited branch networks, lack of awareness, and stringent documentation requirements.

These obstacles can lead to financial exclusion and hinder economic growth in rural communities. Share India Fincap, a prominent NBFC, play a crucial role in addressing these challenges by laying its emphasis on enhancing financial access, particularly in rural areas and among women, with tailored credit solutions and agile loan approvals. This empowers small businesses and promotes financial inclusion while contributing to economic stability and digital financial services.

Share India Fincap, formerly known as Windpipe Finvest is a distinguished RBI registered Non-Banking Financial Firm (NBFC).
It operates as a whollyowned subsidiary of Share India Securities and offers a wide range of financial services. With a focus on empowering women entrepreneurs in rural areas, Share India Fincap has made significant strides in the financial sector, providing small and microenterprise loans and loans against securities.

Foundation Journey & Motivation
Share India Fincap's journey began as a subsidiary of Share India Securities, previously involved in commercial vehicle financing. However, a change in regulations prompted the firm to pivot and explore new avenues. In January 2019, Share India Fincap initiated its women entrepreneur loan program, driven by both social causes and the potential for financial success. Rural areas proved to be a promising market with lower Non-Performing Assets (NPAs) compared to urban counterparts.

To ensure responsible lending, Share India Fincap employs a rigorous credit assessment process. It includes a thorough Know Your Customer (KYC) check, credit scoring based on credit history, and liquidity checks.Importantly, the firm does not cater to rented clients; borrowers must have a stable residence, further enhancing their commitment to financial responsibility. The staff do regular visits to the client's home and business premises form an integral part of their assessment process.

Impressive Growth Trajectory
Share India Fincap's rapid ascent since its inception is truly remarkable. Beginning with a modest five-branch network and a 15crore portfolio, the firm swiftly scaled its operations. By March 2022, their portfolio in this segment soared to 75+crores, spanning 25branches. In 2023, operating across Uttar Pradesh, Bihar, Punjab, and Haryana, they continued their ascent, amassing an impressive portfolio value of 150+crores, having caterered to 1.5 lakh+ women, now with 50+branches.

Share India Fincap's primary focus is on empowering rural women entrepreneurs, supporting businesses ranging from grocery shops and boutiques to salons and agriculture, all with a notable emphasis on income – generating activities, while refraining from financing personal expenditures, thus fostering rural economic development.

"Looking ahead, Share India Fincap aims to expand its presence in several more states, including Madhya Pradesh, Uttarakhand, Jharkhand, and Rajasthan, with the ultimate goal of reaching all corners of India", says Rajesh Gupta, Managing Director. They aim to achieve a portfolio value of around 500 crores by March 2025. Share India Fincap's journey is not just about financial success; it's about empowering rural women and fostering financial inclusion through innovative, tech-driven solutions. As they continue to grow and evolve, their commitment to transparency, client-centricity, and financial empowerment remains unwavering. Share India Fincap is poised to make a lasting impact on the lives of countless women entrepreneurs in rural India.