Veritas Finance

Veritas Finance Private Limited is a non-banking financial company (NBFC) dedicated to providing financial access to micro and small enterprises (MSEs) belonging to the underserved sections of society. Founded in 2015 and headquartered in Chennai, India, Veritas Finance focuses on lending to businesses that often lack access to formal banking channels due to their size, location, or informal operating structures. The core mission of Veritas Finance is to empower these MSEs, enabling them to grow their businesses, improve their livelihoods, and contribute to the economic development of their communities. They achieve this by offering a range of loan products tailored to the specific needs of small businesses, primarily focusing on secured lending against property. Veritas Finance operates through a network of branches spread across several states in India, employing a field-based approach to understand the unique requirements of their customers. Their lending process involves thorough due diligence, risk assessment, and personalized support to ensure that borrowers are equipped to manage their loans effectively. This includes offering guidance on financial literacy and business management practices. A key differentiator for Veritas Finance is its commitment to responsible lending. They strive to ensure that loans are affordable and sustainable for borrowers, avoiding over-indebtedness. This is achieved through careful assessment of repayment capacity and transparent communication regarding loan terms and conditions. They also emphasize building long-term relationships with their customers, fostering trust and mutual understanding. Veritas Finance’s target clientele includes small business owners engaged in various sectors, such as retail, manufacturing, and services. They typically cater to individuals who own shops, workshops, or other small-scale enterprises, providing them with the capital needed for working capital, expansion, or asset acquisition. The company's growth has been supported by investments from various institutional investors who recognize the potential of the underserved MSE sector and the impact that Veritas Finance is making. These investments have allowed Veritas Finance to expand its operations, reach a wider customer base, and further refine its lending practices. Looking ahead, Veritas Finance aims to continue expanding its reach and deepening its impact on the lives of MSE owners. They are committed to leveraging technology to improve efficiency and accessibility, while remaining focused on their core mission of providing responsible and sustainable financial solutions to underserved communities. This includes exploring new product offerings and partnerships to better address the evolving needs of small businesses in India. Their ultimate goal is to be a trusted financial partner for MSEs, empowering them to achieve their entrepreneurial aspirations and contribute to a more inclusive and prosperous economy.