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Purple Finance expands footprint in Chhattisgarh with two new Branches
Posted On : 2026-02-24 08:47:00( TIMEZONE : IST )
Purple Finance, a leading non-banking financial company (NBFC) focused on empowering India's micro, small and medium enterprises (MSMEs), has entered Chhattisgarh state with the inauguration of two new branches in Bhilai and Rajnandgaon.
With this expansion, the company now operates 46 branches across 7 states, marking another milestone in its journey toward becoming a truly pan-India NBFC. The expansion aims to strengthen access to formal credit for underserved MSMEs and support local entrepreneurship across the region.
The new branches were inaugurated by Ajay Kumar Pandey, Independent Director and Sabyasachi Rath, Executive Director and CEO of Purple Finance, reinforcing the Company's commitment to delivering fast, secure, and transparent financial services to MSMEs, particularly in Tier 2 and Tier 3 cities.
Speaking on the occasion Ajay Kumar Pandey said: "Chhattisgarh represents a logical expansion for us, given our strong presence in the Vidarbha region and Madhya Pradesh. The state offers significant potential for MSME growth, and our entry will enable small businesses to access secured business loans efficiently and scale their operations."
Speaking on the expansion, Sabyasachi Rath said: "Chhattisgarh is an emerging market supported by a strong ecosystem of retailers, distributors, transport operators, and small manufacturers. As a technology-led NBFC, we aim to become a key growth partner for the state's emerging MSME clusters."
The company offers secured business loans ranging from ₹5 lakh to ₹30 lakh, designed specifically to support India's micro and small enterprises. It caters to businesses such as food processing units, dairy businesses, kirana stores, retail shops, and small traders, helping them unlock capital through Loan against Property (LAP). Leveraging a robust digital underwriting platform, Purple Finance provides inprinciple loan decisions within just 5 hours, enabling MSMEs to access timely funding and drive business growth with greater confidence and efficiency.
