Snehal Latnekar's Contact Details

Snehal Latnekar's Company Details

APAC Financial Services Private Limited

Mumbai, Maharashtra, India • 201 - 500 Employees
Financial Services

APAC Group comprises of APAC Financial Services Private Limited, an NBFC registered with the Reserve Bank of India (RBI) in February 2018 and APAC Housing Finance Private Limited an HFC, registered with National Housing Bank in May 2018.APAC is a young, growing company – we started business operations in 2018 with the vision of serving underbanked and underserved MSMEs in Bharat. We started up with capital contributed by the founder & leadership team, and later raised equity from marquee PE fund Multiples Private Equity & HNIs, taking APAC's equity capital to circa INR 400 crores. In December 2021, the founder infused a further INR 45 crores in APAC, taking our equity capital closer to INR 450 crores. From the very beginning, we have had a highly experienced team across domains, led by a pedigreed board and expert advisory panel. We are a semi urban & rural market specialist and directly source all our customers via our branch network spanning 6 states & 1 UT. Our on the ground presence is powered by our digital-first approach and, in particular, by our proprietary origination & underwriting technology platform "Alpha".APAC has created a very strong foundation in a short span of 3 years and currently has +80 branches, +10,000 customers and +701 employees. With well-established processes backed by scalable physical and digital infrastructure, APAC is looking forward to achieving our mantra: Growth with Quality & Profitability"