SME finance company providing loans to small businesses through 96 branches in Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh & Gujarat.
Set up by two first generation entrepreneurs, Brahmanand Hedge (CEO) and Ramakrishna Nishtala (COO), with the objective of making financing available at a reasonable cost, in a transparent manner. Prior to Vistaar, Brahmanand was a Director for Microfinance in Fullerton India and also worked in ICICI Bank, in the Rural and Microbanking Group. Ramakrishna ran Fullerton’s Microfinance business and also worked with Indian conglomerate, the Eicher Group.
Targets the missing middle segment, consisting of customers with an annual income of Rs. 1,20,000-10,00,000, which is not effectively served by the formal financial system.