23 min
Young Turks Master Class: How to negotiate the terms and not just the valuation Young Turks Masterclass
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- Business
On the show today we bring you the story of D Lakshmipathy’s Five Star Business Finance, Chennai-based non-banking finance company that specializes in small ticket loans for India’s ‘un-banked’. Lakshmipathy took over the business in 2002 and Five Star over the years has established a unique underwriting model to assess businesses and extend collateralized loans to them. With a presence in over 150 locations across South India, serving 40,000 businesses and individuals; Five Star’s assets under management stand at Rs 1220 crores. Interestingly, Five Star’s net NPAs stand at less than 1%. This NBFC has raised over $150 million to date but its first cheque came from Matrix Partners India back in 2014. Today Lakshmipathy is in conversation with Matrix Partner India’s Managing Director Vikram Vaidyanathan
On the show today we bring you the story of D Lakshmipathy’s Five Star Business Finance, Chennai-based non-banking finance company that specializes in small ticket loans for India’s ‘un-banked’. Lakshmipathy took over the business in 2002 and Five Star over the years has established a unique underwriting model to assess businesses and extend collateralized loans to them. With a presence in over 150 locations across South India, serving 40,000 businesses and individuals; Five Star’s assets under management stand at Rs 1220 crores. Interestingly, Five Star’s net NPAs stand at less than 1%. This NBFC has raised over $150 million to date but its first cheque came from Matrix Partners India back in 2014. Today Lakshmipathy is in conversation with Matrix Partner India’s Managing Director Vikram Vaidyanathan
23 min