AMU Leasing aims to disburse 1 mn electric vehicles by 2030

Started as a Delhi-based RBI-licensed NBFC in 1993, and ever since AMU Leasing Private Limited have been working relentlessly to emerge as a leading name in the BFSI industry. Today, after two decades of service, AMU Leasing are the first woman-led cleantech financing platform with a focus on the EV ecosystem. Through the course of its journey as a BFSI player, the company has expanded its services to cater to different sectors, including the sustainable mobility ecosystem. So far, it has served over 5000 customers and clocked in more than Rs 100 crores in book size.

In an exclusive interaction with Bizz Buzz, Nehal Gupta, Director of AMU Leasing Private Limited, emphasizes the pivotal role that Non-Banking Financial Companies (NBFCs) play in empowering small businesses, particularly those with low credit ratings. Gupta sheds light on how NBFCs can contribute to improving the asset quality of portfolios by providing timely assistance. Furthermore, she provides valuable insights into the factors individuals should consider when choosing the right NBFC for personal loans, stressing the importance of thorough research and understanding loan terms and eligibility criteria

Can you guide how to choose the right NBFC for personal loans step-by-step?

I recommend conducting thorough research before choosing any NBFC as your lender including their origination country. To make an informed choice, it's crucial to check the prevailing interest rates and loan repayment terms and conditions and compare them with other lenders. Subsequently, individuals should find out more about the loan eligibility set by their choice of lender and the approval process they follow and review them carefully. It's also essential to understand the loan disbursement process, especially if they need urgent financial assistance during an emergency. I encourage them to gather more information about loan disbursal so that they can make an informed choice.

Can you please shed light on the role of NBFCs in boosting credit scores?

NBFCs can empower small businesses, even those with low credit ratings, to improve the asset quality of their portfolios by providing timely assistance. Non-bank financing companies can help boost their credit scores by providing borrowers with first-time credit and alternative financing options. Typically, NBFCs collect and report loan data of their customers, which in turn enables borrowers to build credit history and boost credit scores through timely repayment of the borrowed sum. By providing collateral-free loans to borrowers, NBFCs help them access finance and help them enhance their creditworthiness. In addition, today NBFCs play a pivotal role in fostering financial literacy among consumers and empowering them to take charge of their finances and monitor their credit history.

Can you provide a brief history of AMU Leasing Private Limited and its journey in the Banking, Financial Services, and Insurance (BFSI) industry over the last two decades?

We started as a Delhi-based RBI-licensed NBFC in 1993, and ever since we have been working relentlessly to emerge as a leading name in the BFSI industry. Today, after two decades of service, we are the first woman-led cleantech financing platform with a focus on the EV ecosystem. Through the course of our journey as a BFSI player, we have expanded our services to cater to different sectors, including the sustainable mobility ecosystem. So far, we have served over 5000 customers and clocked in more than Rs 100 crores in book size. We are currently aligning our financial products and services with India’s initiatives to generate self-employment and micro-entrepreneurship opportunities. Our commitment to advanced cleantech financing and the EV ecosystem has a significant role in driving sustainable development in India. Through our services, we aim to help a million customers in the next 3-4 years and help them to become self-reliant with our support.

What are the core missions and the values that drive your company's operations in the BFSI sector?

AMU Leasing’s mission is to disburse 1 million electric vehicles by 2030 and become a leader in the sustainable financing ecosystem. As a leading player in the BFSI industry, we aim to accelerate financial inclusion in our country’s Tier-II, Tier-III cities and beyond. Our team is working tirelessly to support sustainable development and promote the adoption of renewable energy in India through industry expertise and the integration of advanced technology. We uphold the value of dedication, empowerment, vigilance, and innovation to deliver on our promise and meet our goals of empowering the masses about handling finances.

How does technology, particularly AI, play a role in driving AMU Leasing's operations and enhancing the customer experience within the BFSI sector?

The use of technology, especially artificial intelligence has become a crucial component of AMU Leasing’s operation. In my experience, technology has helped us boost customer engagement and streamline cash disbursal and collections more effectively. We leverage artificial intelligence and machine learning to extend innovative financing solutions to our customers and simplify their borrowing experience on our platform. Our team uses technology to analyze applicant’s profiles, particularly details like income, credit score, loan requirement, and preferred down payment. We even collaborated with AI-powered data and decision-making platform Provenir to conduct accurate risk assessment and creditworthiness checks of the applicants. With the help of AI-powered data, we customize our financial solutions according to the applicants’ needs and repayment capacity and reduce the time taken to make decisions. Following this, we streamline the approval and ensure quick disbursal in 48 hours.

As an RBI-licensed NBFC, how does ALPL ensure regulation compliance and maintain transparency and governance standards in the BFSI industry?

As an RBI-licensed NBFC, AMU Leasing strives to comply with regulations and ensure transparency standards developed for the BFSI industry as a base layer company. We follow the robust regulatory framework and governance standards meant for the BFSI industry to ensure transparency and customer service. We strive to maintain transparency in all our processes and provide timely updates to our customers, lenders, and stakeholders for a smooth flow of communication. Over the years, AMU Leasing has built robust internal policies and procedures to ensure proper risk management, ethical behaviour, and compliance with the rules and regulations of the BFSI industry. We also have a dedicated compliance team that closely tracks regulatory changes and updates to ensure compliance.

What are the key growth strategies and future plans for AMU Leasing in the BFSI sector and the broader financial services landscape?

As a leading NBFC with expertise in EV financing, we experienced a 463 per cent growth over the last financial year. Future outlook is to sustain and grow the growth percentage via sustainable mobility financing and leasing solutions for retail borrowers and businesses, keeping impact, innovation, and reliability as priority. Our immediate goal is to align our financial services with our country’s emerging self-employment and micro-entrepreneurship initiatives and achieve triple-digit growth through our services. Our strategy for growth includes exploring new markets by increasing our current presence in 9-12 Sates by the end of the current financial year through right alliances, partnerships and optimizing our agile operations further. Moreover, we are focusing on alternate fuel-based transportation sectors to propel revenue generation. This, I believe, allows AMU Leasing to become a top EV financing solution provider in the country and increase our presence in the tier-II and III cities.