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Propelld: Reflecting on 2023 and Looking Forward to 2024

Propelld: Reflecting on 2023 and Looking Forward to 2024

Business & Finance
Thursday, December 28, 2023 4:35PM IST (11:05AM GMT By Victor Senapaty, Co-founder, Propelld As we approach the end of 2023, it's a time to look back on a year filled with significant achievements for Propelld and to look forward with excitement to what 2024 has in store for us. This year was marked by a major milestone with our fully owned subsidiary, Edgro, obtaining an NBFC license. This achievement dramatically transformed our operations, leading to reduced costs of funds, increased margins, enhanced underwriting capabilities, and notably faster loan disbursals. Our leadership team underwent a phase of streamlining and stabilization, setting a strong foundation for efficient management and decision-making. In terms of financial performance, Propelld reached a remarkable miles...