https://berarfinance.com/
| Sector: | Finance |
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| Entry year: | 2022 |
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| Fund: | Maj Invest Financial Inclusion Fund III K/S |
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| Ownership: | 15.7% |
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| Other shareholders: | Amicus Capital, Promoter group, Individual shareholders |
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| CEO: | Sandeep Jawanjal |
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| Chairman: | M.G. Jawanjar |
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| Maj Invest contact: | Siva Vadivelazhagan |
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| Revenue: | USD 24m |
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| EBITDA: | USD 11.6m |
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| Employees: | 1224 |
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Business model
The company is a regulated Deposit-Taking Non-Bank Finance Company (NBFC), which specializes in commercial two-wheeler vehicle finance. The company provides loans to individuals and micro and small businesses to purchase two-wheeler vehicles with an average ticket size around USD 810. In India, the demand for such vehicles is immense since there is a lack of public transportation outside modern urban regions and people’s needs for everyday commute and business travels are not met.
