Shalibhadra Finance has announced the appointment of Yash Raval as Chief Risk Officer, marking a significant addition to its leadership team. The appointment brings experienced banking expertise to the company's risk management function.

Leadership Enhancement

Raval joins Shalibhadra Finance with substantial experience from ICICI Bank, where he developed expertise in risk management practices. His background in the banking sector is expected to contribute to the company's risk assessment and management capabilities.

Strategic Appointment

The appointment of a Chief Risk Officer reflects the company's focus on strengthening its governance and risk management framework. This move aligns with regulatory requirements and best practices in the financial services sector.

The addition of experienced professionals from established banking institutions demonstrates Shalibhadra Finance's commitment to building a robust management team with relevant industry expertise. Raval's appointment is expected to strengthen the company's risk management capabilities, leveraging his experience from ICICI Bank to enhance Shalibhadra Finance's risk assessment and mitigation strategies.

Shalibhadra Finance Limited has released its comprehensive investor presentation for Q2 FY26, showcasing robust financial performance and strategic growth initiatives. The RBI-registered NBFC, specializing in small-ticket vehicle financing across rural and semi-urban markets, demonstrated strong operational momentum with significant year-on-year improvements.

Q2 FY26 Financial Highlights

The company's quarterly performance reflects sustained growth across key financial metrics:

The company's net interest income growth of 25.07% year-on-year demonstrates the effectiveness of its rural lending model and disciplined yield management. The impressive 37.68% increase in profit after tax reflects improved operational efficiency and strong asset quality maintenance.

Operational Excellence and Market Position

Shalibhadra Finance operates through a network of 57 fully-owned branches across four states, serving over 107,875 customers. The company maintains a strong capital adequacy ratio of 78.70%, providing substantial headroom for future growth without equity dilution. With over 30 years of legacy in rural finance, the company has built deep local market understanding and customer relationships.

Asset Quality and Portfolio Composition

The company's asset portfolio remains well-diversified with new two-wheelers comprising ₹135.53 crores and used two-wheelers contributing ₹52.74 crores to the total AUM. The GNPA stands at 3.07% with NNPA at 0.99%, reflecting disciplined credit assessment and effective collection practices. The provision coverage ratio of 68% provides adequate buffer for potential credit losses.

Strategic Growth Vision 2027

Shalibhadra Finance has outlined ambitious yet achievable growth targets for 2027, including expanding AUM to ₹300 crores and scaling the branch network to 100 locations. The company plans to diversify its product suite by introducing Micro LAP and Home Loans while strengthening its three-wheeler and four-wheeler portfolio. Geographic expansion into new states like Goa and Karnataka is also part of the strategic roadmap.

Management Commentary

Managing Director Vatsal M. Doshi emphasized the company's strong positioning in India's underpenetrated rural mobility financing segment. He highlighted the structural advantages gained from three decades of operations and the recent investments in technology, process standardization, and credit framework enhancement. The management expressed confidence in achieving the 2027 targets while maintaining asset quality and operational efficiency.