ICL Fincorp targets 225 New Branches & Major North Indian expansion by Mid of the FY

Business MInutes

India’s fastest growing NBFC, ICL Fincorp plans to expand its services across India by launching 225 new branches within the financial year ‘23-’24. The branches will be spread across both Northern and Southern regions, 125 branches being launched in major cities such as Delhi, Mumbai, Gujarat, Punjab, Madhya Pradesh & Pondicherry within September 2023.Furthermore, ICL Fincorp along with its subsidiary Salem Erode Investments, the 92 year old BSE Listed NBFC, plans to widen its strong base in Tamil Nadu with additional 100 new branches to be launched by the end of the fiscal year in cities including Chennai, Tuticorin, Thambaram, Tirunelveli, Trichy, Thanjavur, Pollachi, Dindigul, Namakkal, Karur, Vellore, Thirunagar, and more.

Under the leadership of its visionary CMD, Adv.K.G. AnilKumar, ICL Fincorp has created a legacy of over 32 years as the trusted financial partner to its customers through its services and success story. With over 300 branches in India, ICL Fincorp has already established a strong foothold in Southern states - Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, as well as in Odisha. ICL Fincorp has also acquired Salem Erode Investments, the BSE Listed NBFC with over 92 years of service in India. As a part of the company’s expansion plans within the country for the current financial year, Salem Erode Investments shall also see significant expansion and several new branches within the country.


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