Supra Pacific Targets Rs. 2,500-Cr Asset Base, Plans 500 Branches Across 15 States
Mumbai, June 24 (TNT): Supra Pacific Financial Services Limited, a BSE-listed non-banking financial company (NBFC), on Wednesday announced plans to establish 500 branches across 15 states over the next three years while targeting an asset base of ₹2,500 crore as part of its expansion strategy.
The company also inaugurated its new corporate office in Andheri, Mumbai, in the presence of Finance Industry Development Council (FIDC) Chairman Mahesh Thakkar, Supra Pacific CEO Manoj Ravi and other industry leaders.
As part of its growth roadmap, the company plans to expand into Gujarat, Delhi, Rajasthan, Odisha and Telangana, while strengthening its presence in Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra and Goa. In the current phase, five new branches will be opened in Goa.
Supra Pacific reported a 64.39 per cent growth in assets during FY 2025-26, with its asset base increasing from ₹290 crore to ₹499 crore.
The company has set a target of reaching ₹750 crore in assets during the current financial year as part of its journey towards the ₹2,500-crore milestone.
The NBFC currently offers gold loans, microfinance, vehicle finance and business loans, and plans to further diversify its portfolio by introducing working capital loans ranging from ₹10 lakh to ₹1 crore for traders and micro, small and medium enterprises (MSMEs).
The company also announced plans to launch a mobile application aimed at providing faster and more seamless digital financial services to customers.
Speaking on the occasion, CEO Manoj Ravi said India’s growth trajectory presented significant opportunities to bridge the credit gap in Tier-II, Tier-III and Tier-IV cities, rural areas and underserved regions.
He said the company’s expansion strategy was aligned with the broader objective of promoting financial inclusion and supporting the country’s vision of becoming a developed nation by 2047.
As part of its long-term growth plans, Supra Pacific intends to increase its workforce from 700 employees to more than 2,000 over the next three years.
The company also plans to launch a public issue of Non-Convertible Debentures (NCDs) during FY 2026-27 to support future expansion.
The company said it would continue to focus on technology-driven innovation, responsible lending practices and customer-centric financial services as it expands its footprint across the country.
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