The lending sector in India is a crucial driver of economic growth, offering vital financial assistance to individuals and businesses. From supporting new business ventures and facilitating home purchases to funding education and addressing personal financial needs, the sector provides essential monetary support.
With its diverse array of lending products, the sector acts as a catalyst, empowering entrepreneurship and driving consumption. By providing individuals and businesses with the necessary financial means to pursue their goals and aspirations, the lending sector fuels economic growth and fosters overall prosperity.
Vaiyagam Finance, a public limited company established in 2019, has emerged as a leading player in the finance industry, operating primarily in the Southern region of India. With a strong focus on secured loans such as gold loans, personal loans, mortgage loans, and other secured loan offerings, Vaiyagam Finance has positioned itself as a trusted financial institution that offers unparalleled service standards. Under the visionary leadership of Veerappan Aruchamy, the Managing Director, the company has achieved significant milestones and aims to revolutionize the lending sector.
Veerappan Aruchamy is a highly accomplished financial professional with a commendable background in finance, management, and leadership. He holds a postgraduate degree in public administration and began his career in the life insurance industry in 1987. Recognized for his expertise, Veerappan Aruchamy has garnered several awards and accolades over the years.
In 2006, Veerappan incorporated his first company, Dhasrath Wealth Capital, intending to acquire a membership in the national stock exchange. Over time, he expanded his business ventures and incorporated an engineering and construction company, as well as Valam Nidhi and Arul Valam Chit Funds. Finally, Veerappan Aruchamy founded Vaiyagam Finance in 2019 as a public limited company, where he holds a major stake of 80 percent.
Vaiyagam Finance's inception in 2019 marked the beginning of a journey driven by innovation and modern financial products. Vaiyagam Finance has positioned itself as a reliable destination for secure loans, enabling customers to access funds while ensuring ease and security in transactions. While several companies are offering similar financial services, Vaiyagam Finance sets itself apart through its commitment to transparency and genuineness. The company firmly believes in the responsible handling of public money and emphasizes customer responsibility. The company takes pride in providing quick loan approvals within one hour, provided all necessary documents are in order, ensuring a hassle-free experience for borrowers.
Adhering to regulatory guidelines and ensuring compliance are key priorities for Vaiyagam Finance. The company strictly follows the regulations set forth by the Reserve Bank of India (RBI), the Ministry of Corporate Affairs, and the Registrar of Companies (ROC). With a team of diligent internal auditors and meticulous compliance consultants, Vaiyagam Finance maintains a record of timely and accurate compliance, showcasing its commitment to professionalism and ethical practices.
Vaiyagam Finance has positioned itself as a reliable destination for secure loans, enabling customers to access funds while ensuring ease & security in transactions
Vaiyagam Finance envisions a future where digitalization plays a pivotal role in its operations. The company plans to invest in advanced computer systems and software worth 1 crore, enabling online lending services across the nation. In addition, the company is considering venturing into equipment finance more aggressively, with an ambitious target of achieving a loan portfolio worth Rs.1,000 crore within the next five years. Furthermore, the company is exploring foreign direct investment opportunities, with a proposed MOU of Rs.10 crore, to propel its growth and expand its lending capabilities to Rs.100 crore within three years.
“With a strong ambition, unwavering dedication, and a commitment to serving society, my aim is to grow by embracing a disciplined, systematic culture while adhering to a code of ethics and regulatory norms, making it the foundation of our corporate ethics and business core models”, concludes Veerappan Aruchamy.
