Dvara KGFS for­ays new branches across My­suru, Kar­nataka

Evening Today - - BENGALURU -

Ben­galuru : Dvara KGFS (formerly known as IFMR Ru­ral Chan­nels & Ser­vices), a lead­ing uniquely propo­si­tioned NBFC, has in­creased its pres­ence in In­dia with the open­ing of 10 branches in My­suru.

Hav­ing served around 900,000 cus­tomers in re­mote ar­eas across the three states of Tamil Nadu, Orissa and Ut­tarak­hand, Dvara KGFS has added Kar­nataka to its map of op­er­a­tions to meet the grow­ing de­mand for fi­nan­cial ser­vices in this re­gion.

Speak­ing on the oc­ca­sion, Samir Shah, Ex­ec­u­tive Vice Chair & Group Pres­i­dent of Dvara Trust, said, “We at the Dvara Group are happy to have ex­panded our pres­ence to Kar­nataka due to the high mar­ket po­ten­tial that the re­gion of­fers. With our well-grounded re­search and un­der­stand­ing of the fi­nan­cial land­scape es­pe­cially amongst the low in­come and fi­nan­cially vul­ner­a­ble group, we are well equipped to take up the task of en­abling fi­nan­cial in­de­pen­dence in these new lo­ca­tions as well. We are to­day at the cusp of fur­ther ex­pan­sion across In­dia and this marks a new be­gin­ning in our 10-year-old story.”

Build­ing on its well-es­tab­lished rep­u­ta­tion for the last 10 years, Dvara KGFS will also look to ex­pand to newer mar­kets across In­dia. In the next 4 – 5 years, the or­ga­ni­za­tion is plan­ning to open at least an­other 100 branches across Kar­nataka. Each Dvara KGFS branch will cater to peo­ple liv­ing in and around 15 kms of ra­dius and will in­clude about 100 vil­lages. The branches will pro­vide em­ploy­ment op­por­tu­ni­ties to those from the sur­round­ing vil­lages and will cre­ate a dy­namic shift in the so­cio-eco­nomic land­scape of the ru­ral com­mu­ni­ties.

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