Supra Pacific Financial Services Unveils Major Expansion Plan, Targets 500 Branches and INR 2,500 Crore Asset Base in Three Years

Supra Pacific Financial Services Unveils Major Expansion Plan, Targets 500 Branches and INR 2,500 Crore Asset Base in Three Years

Supra Pacific Financial Services Limited has announced an aggressive nationwide expansion plan to establish 500 branches across 15 states within three years while targeting an asset base of INR 2,500 crore. The NBFC also inaugurated its new Mumbai Corporate Office and outlined growth through technology, lending diversification, workforce expansion and future Non-Convertible Debenture issuance.

 

Mumbai: BSE-listed Non-Banking Financial Company Supra Pacific Financial Services Limited has announced an ambitious nationwide expansion strategy aimed at establishing 500 branches across 15 states over the next three years while targeting an asset base of INR 2,500 crore as part of its long-term growth roadmap. The company also inaugurated its new Corporate Office in Andheri, Mumbai, marking a significant milestone in its expansion journey.

The new Corporate Office was inaugurated in the presence of Mahesh Thakkar, Chairman of the Finance Industry Development Council, and Manoj Ravi, Chief Executive Officer of Supra Pacific Financial Services Limited, along with senior industry leaders, key stakeholders and members of the company's leadership team. The event was also attended by Deepak Francis, Business Head, R. Balakrishnan, Head of Treasury, Rajeev M. R., Chief Financial Officer, and Bindu Menon, Zonal Head for Maharashtra.

As part of its expansion roadmap, Supra Pacific Financial Services Limited will establish operations in Gujarat, Delhi, Rajasthan, Odisha and Telangana while strengthening its presence across Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra and Goa. During the current phase of expansion, the company will open five new branches in Goa to improve access to formal financial services in underserved regions.

The company reported strong financial growth during the financial year 2025-26, with its assets increasing by 64.39 percent from INR 290 crore to INR 499 crore. It has now set a target of achieving an asset base of INR 750 crore during the current financial year as it advances toward its long-term objective of reaching INR 2,500 crore within the next three years.

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Supra Pacific Financial Services Limited continues to diversify its lending portfolio through gold loans, microfinance, vehicle finance and business loans. The company also plans to introduce working capital loans ranging from INR 10 lakh to INR 1 crore for traders and micro, small and medium enterprises. In addition, it intends to launch a new mobile application to provide faster and more efficient digital financial services.

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Commenting on the company's future plans, Manoj Ravi, Chief Executive Officer of Supra Pacific Financial Services Limited, said that India's economic growth presents a significant opportunity to bridge the credit gap, particularly across Tier II, Tier III and Tier IV cities, rural communities and remote regions. He stated that although financial inclusion has advanced considerably, access to formal credit, especially gold loans and small business lending, remains limited in many areas. He added that the company's nationwide expansion aims to strengthen financial inclusion and contribute to India's long-term national development vision for 2047.

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As part of its long-term growth strategy, the company also plans to increase its workforce from 700 employees to more than 2,000 over the next three years. It further intends to launch a public issue of Non-Convertible Debentures during the financial year 2026-27 to support its future expansion plans.

Supra Pacific Financial Services Limited stated that its continued focus on technology-driven innovation, responsible lending practices and customer-centric financial services will strengthen its position as a trusted financial partner while driving inclusive economic growth across India.

Headquartered in Mumbai, Supra Pacific Financial Services Limited is a Non-Banking Financial Company offering a comprehensive range of financial solutions, including gold loans, microfinance, vehicle finance, business loans, personal loans, investment products and insurance broking services.

Led by Managing Director Joby George and recently appointed Chief Executive Officer Manoj Ravi, the company continues to focus on technology-driven growth and financial inclusion. During the financial year 2026, it reported revenue of approximately INR 920.8 million, a net profit of INR 78.8 million and a loan portfolio of approximately INR 335.6 crore. The company has also undertaken a recent fund-raising initiative through an INR 20 crore Non-Convertible Debenture issuance and implemented leadership changes to strengthen its expansion strategy. Recognised as an ISO-certified Great Place To Work, Supra Pacific Financial Services Limited continues to emphasise transparent, customer-focused and growth-oriented financial services while remaining committed to empowering customers through reliable and efficient service.

The company's latest expansion strategy reflects its intention to significantly strengthen its national footprint, broaden financial access in underserved regions, accelerate technology-led lending solutions and reinforce its long-term position in India's rapidly growing Non-Banking Financial Company sector.

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