Veritas Finance has been set up with the objective of meeting the financial requirements of the financially excluded micro and small enterprises.
The typical customers of Veritas – small entrepreneurs who run bakery, restaurants, provision stores etc. – have no prior exposure to formal business finance. Veritas’ mission is to mitigate this challenge by extending loans for their working capital, business expansion as well as asset creation needs. Loan sizes range between Rs. 1 lakh – Rs. 10 lakhs
Founded by D. Arulmany, the company launched operations in November 2015 and reached 12 branches across Tamil Nadu by the end of the fiscal year.
Arulmany has over two decades of experience, predominantly in financial services. In his last role, he served as President & CEO of Aptus Value Housing Finance.