Electronica Finance Limited (EFL) is a leading Non-Banking Finance Company (NBFC) in India, specializing in MSME (Micro, Small, and Medium Enterprises) financing, particularly machine loans. Incorporated in 1990, EFL is part of the SRP Electronica Group and has grown to serve over 50,000 customers through more than 200 offices across India. They offer a range of financial products including business loans, rooftop solar loans, and loans against property, in addition to their flagship “Machinery Loan”. [1, 2, 3]
Key aspects of Electronica Finance Limited: [1, 1, 2, 4]

* Focus on MSME Finance: EFL’s core business is providing financial solutions to MSMEs, recognizing their vital role in the Indian economy. [1, 1, 2, 2, 5, 6]
* Machine Loans: They are pioneers in providing loans for machinery purchases, understanding the specific needs of businesses looking to invest in equipment. [1, 1, 7, 7]
* Diversified Loan Products: Beyond machinery loans, EFL offers a variety of loan products to cater to different business requirements, including business loans, rooftop solar loans, and loans against property. [1, 1]
* Extensive Network: With over 200 branches across India, EFL has a wide reach to serve businesses in various locations. [1, 1, 3, 3]
* RBI Registered NBFC: EFL is registered with the Reserve Bank of India as a Non-Banking Financial Company, ensuring regulatory compliance. [1, 1]
* Part of SRP Electronica Group: EFL is affiliated with the SRP Electronica Group, a well-established business conglomerate in India. [1, 1, 8, 8]
* Strong Customer Base: EFL has served over 50,000 customers, demonstrating their ability to build trust and provide reliable financial support. [1, 1]
* Assets Under Management (AUM): As of March 31, 2024, their AUM was Rs. 3,778 crore. [9, 9]
* Growth: EFL has demonstrated strong growth, with a CAGR of approximately 24% from March 2019 to March 2024. [9, 9]

[1] https://www.electronicafinance.com
[2] https://x.com/we_efl
[3] https://in.linkedin.com/company/electronica-finance-ltd
[4] https://www.electronicafinance.com/wp-content/uploads/2023/03/Fair-Practices-Code.pdf
[5] https://www.scribd.com/document/102722327/Electronica-Finance-Limited-Designing-the-Future-of-Micro-Small-and-Medium-Enterprises
[6] https://indianstartupnews.com/news/electronica-finance-raises-usd-48m-in-a-series-b-round-led-by-leapfrog-aavishkaar-capital-4454495
[7] https://www.mmindia.co.in/article/2160/machine-loans-from-electronica-finance
[8] https://www.electronicafinance.com/about-us/
[9] https://www.icra.in/Rating/GetRationalReportFilePdf?id=129906