Consumer financier company RattanIndia Finance targets $1 bn loan book in next 5 yrs

Consumer financier RattanIndia Finance Monday said it aims to build loan book of USD 1 billion in the next five years. The company plans to expand into a small business with launch of micro, small and medium enterprises (MSME) loans, it said in release.

"RattanIndia Finance aims to build USD 1 billion loan book in next five years and has already built Rs 1,200 crore loan book across corporate, retail & SME segment. The company had launched its unsecured and secured loan offering for SME customers late last calendar year," said Rajiv Rattan, Chairman & CEO, RattanIndia Finance. It is a joint venture between Rajiv Rattan and US-based private equity Loan Star Funds.