Five Star Business Finance - Carving Out Niche In Underserved Business Segment: ICICI Securities
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ICICI Securities Report
We organised an investor interaction with the senior management of Five Star Business Finance Ltd. to discuss the company’s evolution, business dynamics and strategy.
Five Star equity instruments are unlisted and not traded on any exchange.
The report has been prepared based on interaction with the senior management and information received/verified from/by the company.
Founded in 1984, the company is an non banking financial company with assets under management of Rs 45 billion catering to a business community of 1,77,000 customers with an average outstanding ticket size of Rs 2,50,000.
It has created a niche in lending to ‘underserved’ business owners and self-employed segment in tiers three to six cities, thereby commanding internal rate of returns of ~24% and spreads of ~12%.
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