Shalibhadra Finance opens new branch in Lunawada, enhancing Gujarat presence

Shalibhadra Finance Limited has announced the launch of its latest branch in Lunawada, Mahisagar District, Gujarat. The expansion marks a significant step in the company’s strategy to solidify its presence in rural Gujarat, leveraging its expertise in financing agricultural and allied activities. This new branch aims to provide financial solutions tailored to the needs of Lunawada’s local economy, with a focus on supporting both new and used two-wheeler financing and personal loans specifically designed for rural customers.

The move aligns with Shalibhadra Finance’s ongoing efforts to bridge financial inclusion gaps in Gujarat’s rural regions. With existing successful operations in Kheda, Panchmahal, and Dahod districts, the company is poised to extend its services to all six talukas of Mahisagar District, home to nearly one million residents.

Focus on Agriculture-Driven Economy

Managing Director Minesh Doshi stated that the Lunawada branch is part of Shalibhadra Finance’s broader strategy to enhance its footprint across Gujarat, especially in agriculture-driven areas. The company’s approach focuses on providing accessible financial services that meet the unique needs of rural customers, enabling them to access credit for mobility and personal development.

Doshi emphasized that the Lunawada branch will concentrate on financing two-wheelers and personal loans tailored for the rural populace. He noted that this initiative reflects Shalibhadra Finance’s commitment to supporting and empowering rural communities by bridging financial access barriers.

An Ambitious Expansion Plan

Shalibhadra Finance has been steadily expanding its network, aiming to cater to the underbanked population in rural areas. The Lunawada branch is the latest addition to its portfolio, with plans to further strengthen its market position in Gujarat by providing efficient, customer-centric financial solutions that align with the rural demographic’s specific requirements.

Industry analysts see this expansion as a calculated move by Shalibhadra Finance to capture a larger share of the rural finance market. By targeting agriculture-driven economies, the company seeks to become a dominant player in Gujarat’s financial landscape, offering services that support both personal and economic growth in the region.