About Us
NABSAMRUDDHI Finance Limited was incorporated under Companies Act, 1956 on 17 February 1997 under the name of Agri Business Finance Limited and registered as Non-Banking Financial Company with the Reserve Bank of India. It was promoted with equity participation from National Bank for Agriculture and Rural Development (NABARD), Union Bank of India (erstwhile Andhra Bank), Canara Bank, Government of Andhra Pradesh, Government of Telangana, Andhra Pradesh State Cooperative Bank, Telangana State Cooperative Apex Bank and a few Industrial Houses / individuals from the State.
The objective of NABSAMRUDDHI is to provide credit facilities to legal entities for promotion, expansion, commercialization and modernization in non-farm activities including microfinance, MSME, housing, education, transport, etc.
The Company has now embarked on a journey to make an impact in financing its focus segments viz:
- Green Finance & Wellness (including Renewable energy, Electric Vehicles, Wellness, WASH etc.),
- Fabrics & textiles Value Chain and
- Handicraft Value Chain as a niche segment
Board of Directors
The Team
CSR
| Committee | Member | Designation |
|---|---|---|
| Corporate Social Responsibility Committee | Shri Lalit Kumar Vaid | Chairman (Non-Executive, Independent Director) |
| Shri Arvind Kumar Jain | Member (Non-Executive, Independent Director) | |
| Shri Subrat Kumar Nanda | Member (Nominee Director) | |
| Smt. Bonani Roychoudhury | Member (Managing Director) |
