Capital Trade Links , a financial services company, has announced a strategic move to expand its business portfolio by entering the small loan segment. The company has forged a partnership with GCT Technologies Pvt Ltd, a fin-tech startup, to facilitate this expansion.

Partnership Details

The agreement between Capital Trade Links and GCT Technologies centers around the provision of an app-based platform that will enable Capital Trade Links to offer financial assistance to its customers. This digital solution is expected to streamline the loan application and approval process, making it more accessible and efficient for borrowers.

About GCT Technologies

GCT Technologies, founded in 2018, specializes in the small ticket personal loan and digital credit line space. The company leverages advanced technologies such as big data analysis and machine learning for risk assessment, allowing borrowers to access customized loan products from various financial institution partners.

Leadership and Expertise

The fin-tech startup is led by co-founders Ms. Seema Gupta and Mr. Amit Kumar, who bring over four years of experience in retail finance to the table. Their expertise is likely to play a crucial role in the successful implementation of this new venture for Capital Trade Links.

Strategic Implications

This partnership marks a significant step for Capital Trade Links as it diversifies its offerings into the rapidly growing small loan segment. By leveraging GCT Technologies' innovative platform, Capital Trade Links aims to enhance its service offerings and potentially tap into a broader customer base.

The collaboration between an established financial services company and a technology-driven startup highlights the ongoing trend of traditional financial institutions partnering with fin-tech companies to modernize their operations and expand their market reach.

As the small loan and digital lending space continues to evolve, this strategic move positions Capital Trade Links to compete more effectively in the changing landscape of financial services. The success of this venture will likely depend on the seamless integration of GCT's technology with Capital Trade Links' existing operations and customer base.

Capital Trade Links Limited , a prominent player in the financial services sector, has announced robust financial results for the first quarter ended June 30, along with significant board-level changes and appointments.

Financial Performance

The company reported a solid financial performance for Q1:

Capital Trade Links saw a revenue from operations of ₹628.63 lakhs, with total income reaching ₹742.19 lakhs. The company's profit before tax stood at ₹337.26 lakhs, while profit after tax came in at ₹247.67 lakhs. The earnings per share for the quarter were reported at ₹0.19.

Board Appointments and Re-appointments

The Board of Directors, in their meeting held on August 4, approved several key appointments:

1. Re-appointment of Mr. Krishan Kumar: Mr. Kumar, who retires by rotation, has been re-appointed as a Director of the company. His re-appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

2. Re-appointment of Mr. Vinay Kumar Chawla: Mr. Chawla has been re-appointed as the Whole-Time Director for a period of five consecutive years, effective from January 13. This appointment is also subject to shareholder approval at the AGM.

Secretarial Auditor Appointment

The Board has appointed M/s Atiuttam Singh & Associates as the Secretarial Auditor of the company for a term of five consecutive financial years. This appointment is subject to shareholder approval at the upcoming AGM.

Annual General Meeting

Capital Trade Links Limited has scheduled its 40th Annual General Meeting for September 12. The AGM will be conducted through Video Conferencing or Other Audio-Visual Means, in line with current corporate governance practices.

The company's Board meeting, which commenced at 3:00 PM (IST) on August 4, concluded at 4:30 PM (IST).

These developments underscore Capital Trade Links' commitment to maintaining strong corporate governance and its focus on sustainable growth in the financial services sector.