India: Actis-backed Profectus Capital eyes $1.3b loan book in 5 years

Profectus Capital, a non-banking finance company (NBFC) backed by UK-based private equity firm Actis LLP, aims to achieve a loan book of $1.3 billion, about Rs10,000 crore, in the next five years, a top company official said. Co-founded last year by K.V. Srinivasan, who headed Reliance Commercial Finance for nearly a decade, Profectus lends Rs 5 crore to Rs 50 crore to small and medium enterprises (SMEs). The company has received an anchor investment of Rs50 crore from Actis.