Udaipur, Rajasthan Apr 13: Akme Fintrade (India) Limited (“AFIL”), a Non-Banking Financial Company (NBFC), is pleased to announce that its credit ratings have been assigned and upgraded to ACUITE A- (Stable) assigned/upgraded across Bank Loans & NCDs aggregating ₹835 Cr, and ACUITE A2+ assigned for Commercial Paper of ₹20 Cr by Acuité Ratings & Research Limited.
The revised ratings reflect Akme Fintrade (India) Limited’s improving financial profile, supported by stable business performance, healthy asset quality, and strengthened credit fundamentals. The Company has received ACUITE A- (Stable) rating across its Bank Loan facilities and Non-Convertible Debentures aggregating to ₹835 Crores, including both fresh assignments and upgrades, while its Commercial Paper programme of ₹20 Crores has been assigned ACUITE A2+ by Acuité Ratings & Research Limited.
This rating action highlights the Company’s consistent operational performance, prudent risk management practices, and disciplined growth strategy. The stable outlook indicates sustained confidence in the Company’s ability to maintain its financial strength over the medium term. The upgrade and assignment are expected to significantly enhance the Company’s credibility in the debt markets, strengthen investor confidence, and improve its ability to access diversified and cost-effective funding sources.
Going forward, this development positions the Company strongly to accelerate its growth trajectory, expand its lending portfolio across key segments, and continue delivering sustainable value to its stakeholders while maintaining robust governance standards.
Management Comment:
The rating upgrade marks an important milestone for Akme Fintrade (India) Limited and reinforces the confidence of stakeholders in our long-term strategy. We are committed to scaling our operations responsibly while maintaining strong asset quality and governance standards. This development enhances our ability to grow sustainably and deliver consistent value to our investors.
The rating upgrade underscores AFIL’s robust asset quality, prudent risk management practices, and consistent growth strategy.
The Company remains focused on expanding its lending portfolio while maintaining strong governance standards and financial discipline.
