About Jumbo Finvest (India) Limited
Jumbo Finvest (India) Limited (JFIL) was founded by Ajay Kumar Singh and his family members in 1998 for carrying on a tractor dealership in the name of Ajay Tractors Private Limited.
In 2003, its tractor dealership business was discontinued, and the company was registered as a non-deposit taking NBFC with Reserve Bank of India. JFIL is engaged in secured lending (commercial vehicle, two-wheeler loans, loans against property, home loan and security, etc.). The tenure of which ranges from one to three years.
At present, the company operates through its 195 branches in 59 districts in five states-Rajasthan, Madhya Pradesh, Uttar Pradesh, Delhi and Maharashtra and had a portfolio of Rs. 767.93 Crores as on March 2019.
JFIL enjoys investment grade “BBB+” rating for its credit facilities from CARE rating agencies and “A-” rating for its credit facilities from Acuite Ratings.
They are the second-largest Non-Deposit Taking Non-Banking Finance Company (NBFC) in Rajasthan. They have been providing financial services to the customers with diversified products. They are continuously working to enhance the experience of their customers with simple operations, minimal documentation, and flexible repayment options.