Strengthened asset book with
~84% retail loans and
~` 5 lakh average ticket size
Improved asset portfolio IRR
to 14.7% (14.3% in FY 2018-19)
driven by improving spread
Enhanced focus on Retail Term
Deposits and CASA, which formed
43% of total deposits in FY 2019-20
Maintained more than 98%
secured book, a key factor in
maintaining contained credit cost
Achieved average Priority Sector
Lending (PSL) of 85% as on
31st March 2020, as against
requirement of maintaining
an average 75%
Garnered investment of Rs. 525 crore from Camas Holdings (Temasek) for warrants conversion.
Launched ‘AU Royale’ Account, missed call banking and 3-in-1 Savings, Trading and Demat Account.
Went Live with e-mandate, ASBA and BBPS on website.
Appointed two new independent directors i.e. Prof. M. S. Sriram and Mr. Pushpinder Singh
Won the Golden Peacock Award, 2019 for Excellence in Risk Management with special Commendation in Corporate Governance.
Long Term credit rating upgrade from A+/Positive to AA-/Stable from CRISIL
Received ~Rs 1000 Crore equity investment from Temasek Holdings
India Ratings upgraded credit rating outlook to ‘Positive’ from ‘Stable’ for long-term credit facilities i.e. IND A+ / Positive
Commenced SFB operations with a wide bouquet of retail loans, SME & Mid corporate loans, deposit products and transaction banking
Completed Rs 1913 crore IPO which was oversubscribed by 54x and got listed on NSE & BSE
Received ‘Scheduled Bank’ status
Featured as Fortune India 500 Company
AU received final approval from RBI for transforming our business into a Small Finance Bank.
Pursuant to RBI approval dated April 6 and May 18, 2016, AU successfully divested its equity stake in Au Housing Finance Ltd., Index Money Limited and Au Insurance Broking Services Private Limited.
Pursuant to RBI approval dated September 6, 2016, divested 29.53% of the total shareholding of M Power Micro Finance Private Limited.
AU became the only Asset Financing Company (AFC) to receive ‘in-principle’ approval from RBI for establishing a Small Finance Bank.
Assigned credit rating of IND A+ / Stable for long-term credit facilities and IND A1+ for short term credit facilities
Chrys Capital, a leading private equity fund, acquired a 10.01% stake in AU
Raised long-term unsecured debt in the form of Non-Convertible Debentures of USD 60 million from three multilateral agencies viz. FMO - a Dutch Development Bank, CDC Group Plc - a UK based development finance institution and GuarantCo.
AU further, obtained the investment of Rs. 1,500 million and Rs. 330.44 million from Redwood Investment (an affiliate of Warburg Pincus) and IFC, respectively.
The company set-up a subsidiary, Au Insurance Broking Services Private Limited, to provide insurance and broking services.
Expanded our operations into Delhi, Himachal Pradesh & Haryana.
Two notches upgrade of credit rating to CRISIL A / Stable for long term credit facilities.
Forbes, India featured Au Financiers as a company that attracted investors despite economic slowdown.
The company set up a wholly owned subsidiary, Au Housing Finance Private Limited, to provide housing finance services.
Expanded operations to Punjab, Madhya Pradesh and Goa.
Received fresh certificate of registration under section 45 IA of RBI Act from the RBI pursuant to which RBI has classified our Company as a NBFC-ND-AFC.
The company obtained an investment of Rs.350 million, Rs. 60 million and Rs. 140 million, from IFC, IBE Fund and IBE Fund -I, respectively.
Au Financiers attained the status of ‘Systemically Important Non-Deposit Taking Asset Finance Company’.
AU started offering Housing Loans.
AU spread its reach to Gujarat.
The company obtained an investment of Rs. 200 million from India Business Excellence Fund and India Business Excellence Fund-1 (private equity funds of Motilal Oswal Private Equity).
AU started offering Secured Business Loans (MSME Loans)
The Company built its association with HDFC Bank, as a Channel Business Partner on a risk sharing model.
Executive Director, Mr. Uttam Tibrewal came on-board.
The company received certificate of registration from the RBI under section 45 IA of RBI Act, to carry on the business of non-banking financial institution without accepting public deposits.
AU’s glorious journey started in the year 1996 as Au Financiers Ltd. The company was initially incorporated in the name of L.N. Finco Gems Private Limited. It was promoted by our founder, Mr. Sanjay Agarwal, a first generation entrepreneur and a rank-holder Chartered Accountant. The company was incorporated as a Private Limited company in Rajasthan with an authorized share capital of Rs. 0.1 million.
Started with Vehicle Finance.