Speaking to CNBC-TV18, Sunil Agarwal, Managing Director of SE Investments, said that the disbursement growth was at 9 percent on a year-on-year basis. It expects a growth of 15-16 percent this year. Asset quality remained stagnant.
SE Investments has logged good gains after the company's board approved a proposal of raising funds by way of issue of unlisted unsecured non-convertible redeemable debentures for an amount of Rs 95 crore on private placement basis.
"Q1 had gone very well, we are looking at 30-32 percent profit after tax (PAT) growth on year-on-year (Y-o-Y) basis in FY17", Sunil Agarwal, MD, SE Investments told CNBC-TV18.
The company is expecting an order book worth Rs 400 crore more and hopes to have an additional Rs 1,000 crore in its order book by April-May of this year, says Sunil Agarwal, President and CEO of ARSS Infra
Sunil Agarwal, Managing Director, SE Investments talks about the company‘s future outlook.
SE Investments' asset under management (AUM) currently stands at Rs 961 crore versus Rs 870 crore YoY, says Sunil Agarwal, the company's managing director. He expects a 40 percent jump in AUM in the current financial year.
RBI expands loan limit for microfinance units, a direct beneficiary of which are SE Investments. Speaking to CNBC-TV18, MD Sunil Agarwal said credit growth in FY16 is expected to be around 30-40 percent due to RBI policy boost.
As SE Investments complies with most RBI norms, the board will take final decision next week, says company MD Sunil Agarwal.
Sunil Agarwal, MD, SE Investments said there are no issues related to the performance of the company and the company at present is not looking at any PE investments.
Standing Committee chaired by former finance minister Yashwant Sinha is likely to come up with a revised bill after considering these suggestions.
India‘s top legal firms AZB explains on the taxes that will be involved for sale and purchase of property by NRIs. Sunil Agarwal, its tax partner tells CNBC-TV18 regarding the process involved in such transactions.
Delhi-based SE Investment (SEI), engaged in giving loans to small and medium enterprises halved its loan ticket size from Rs 10 crore to Rs 5 crore. According to Sunil Agarwal, managing director of the non-banking finance company, the measure was aimed at maintaining its asset quality at a time when the economy is going through some stress.
In an interview to CNBC-TV18, Sunil Agarwal, managing director of SE Investments says, the profitability is under stress. “Going forward, we will have to change our strategies, keep a tab on cost almost on a daily basis,” he adds.
SE Investments targets disbursement of about Rs 1,200 crore in micro finance and trade loan segments. The company's disbursements were poor in the first quarter due to liquidity concerns and lack of bankers support.
The SE Investments stock has not been doing well for quite some time. In January 2011, the stock price was around Rs 49 which reduced to Rs 17 a month back. This current rate of this stock is Rs 8. Sunil Agarwal said that they prefer being cautious on their funding pattern as they don’t want to increase their NPAs in the coming year.
In an interview on CNBC-TV18, Sunil Agarwal, MD of SE Investments Ltd confirmed that microfinance lending has taken a hit. "Currently, the share of book in microfinance is around 36%. It has gone down from 48-49% which is what it used to be because of low supply."
The Bhubaneswar based ARSS Infrastructure Projects Limited, focusing on construction of railway infrastructure, roads, highways & bridges has announced that it has received a new work order from the Chief Engineer, World Banks Projects,Odisha, Bhubaneshwar for Rs 24.60 crore.
In an interview with CNBC-TV18, Sunil Agarwal, President and CEO, ARSS said the company’s total order book position is around Rs 5,600 crore.
ARSS Infrastructure Projects Limited, with a focus on construction of railway infrastructure, roads, highways & bridges has bagged two new work orders.
SE Investments is undertaking restructuring plans with regards to hive off their MFI business into a wholly owned subsidiary. Sunil Agarwal, MD of SE Investments, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, spoke about the recent happenings in his company and the road ahead.
SE Investments saw a rise of 140% in the profits that are over Rs 60 crore for FY11. Sunil Agarwal, the managing director of SE Investments, in an exclusive interview with CNBC-TV18 says that the company has been performing “exceptionally well” over the past three years and has “similar expectations” for FY12.
The Reserve Bank of India, on Tuesday accepted the Malegam Committee recommendations and has re-affirmed priority sector status for microfinance. Vijay Mahajan, head of Microfin Association and Sunil Agarwal, managing director of SE Investments share details of the development and analyse the highly positive repercussions.
The infrastructure industry has had enough. The need for environmental clearances has stalled many infrastructure projects, and the industry now wants clarity on the government's green policy. CNBC-TV18's Aanchal Gupta reports.
Sunil Agarwal, President and CEO of ARSS Infrastructure Projects, in an interview with CNBC-TV18's Gautam Broker and Ekta Batra, spoke about the recent happenings in his company and the road ahead.
The Bhubaneswar based ARSS Infrastructure Projects Limited, focusing on construction of railway infrastructure, roads, highways & bridges has announced that it has received a new work order from Government of Assam for Rs 104 crore.