GOLD LOAN BUSINESS

Proactively engaging with regulators, says Indel Money CEO; IPO likely in 2027

The CEO told that the company is closing this quarter (Q4FY24) at Rs 1600 crores of AUM with revenue around Rs 200 crores and profitability around Rs 50 crores. 'We are confident of achieving this on account of continuing credit squeeze, high cost of retail credit and the record gold prices,' he said. Mohanan also said the company is planning to go public by 2027.

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