KLM Axiva Finvest Reports Impressive Growth with a 42% Increase in Profit and Surge in Deposits
Kochi, Kerala, June 6, 2023 — KLM Axiva Finvest, a leading financial services firm, has announced its outstanding financial performance for the last fiscal year, marked by a substantial increase in both profit and assets. The company achieved a remarkable profit of Rs. 24.63 crores, reflecting a 42% increase in profit before tax payments. This impressive growth is attributed to the continued success of its microfinance and gold loan divisions.
Strong Financial Performance and Strategic Growth
In addition to a substantial profit increase, KLM Axiva Finvest reported a remarkable 53% rise in interest income, which totaled Rs. 275.40 crores compared to the previous year. The company’s total handling assets surged to Rs. 1,719 crores, highlighting its sustained growth and strong financial position. Throughout the year, KLM Axiva Finvest experienced a surge in deposits, reaching an impressive Rs. 1,314 crores. The total loans disbursed amounted to Rs. 1,445 crores, reflecting the company’s growing market share.
To further strengthen its financial stability and prepare for future investments, the company successfully secured funds through a Non-Convertible Debenture (NCD), backed by gold. This strategic move has empowered KLM Axiva Finvest to capitalize on growth opportunities and maintain long-term stability, with non-current assets comprising only 1.84% of the total assets.
Strategic Expansion and Enhanced Customer Reach
Manoj Ravi, CEO of KLM Axiva Finvest, shared his insights on the company’s growth trajectory, stating, “We are thrilled with the exceptional growth we have achieved this year. Expanding our operations into North India with approximately three hundred new branches has significantly extended our gold mortgage loan services, allowing us to serve a broader customer base. This expansion underscores our commitment to reaching new horizons and better serving our customers.”
A Legacy of Trust and Excellence
KLM Axiva Finvest takes pride in its social responsibility as one of the oldest financial institutions in Kerala. Over the past 24 years, the company has consistently supported the social and economic development of the region, fostering enduring relationships built on trust, expertise, and exceptional service. With a strong focus on security and high returns on assets, KLM Axiva Finvest has earned unparalleled loyalty from its clients. The company currently serves over one lakh satisfied customers and continues to grow.
Founded in 2000 with a small capital and a dedicated team of five, KLM Group was established by two visionary entrepreneurs aiming to tap into Kerala’s untapped NBFC sector. Since then, the company has grown exponentially, driven by a desire for excellence and unwavering customer support, creating a legacy of success.
Innovation, Excellence, and Client Commitment
Staying true to its core values of innovation, excellence, and adaptability, KLM Axiva Finvest remains youthful, vibrant, and flexible in response to the ever-changing economy. The company is committed to empowering individuals by enabling them to realize their financial dreams through smart, innovative investments. Integrity, credibility, fairness, and transparency remain at the heart of its operations, ensuring that client service remains its top priority.
For more information, visit www.klmaxivafinvest.com.
