SMFG India Credit reaches landmark 1000th branch, celebrates with special stamp release

SMFG India Credit Co. Ltd., a key player in India’s Non-Banking Financial Company (NBFC) sector, has marked a significant milestone by opening its 1000th branch in Vashi, Navi Mumbai. The occasion was commemorated with the release of a Special Cover & My Stamp in collaboration with India Post, a ceremony attended by notable dignitaries including Mr. YAGI Koji, Consul-General of Japan in Mumbai, and Mr. Abhijeet Bansode, Director – Postal Services (HQ) Maharashtra Circle.

The launch of the 1000th branch signifies SMFG India Credit’s strategic expansion into underpenetrated markets, reflecting its commitment to bringing formal financial services to diverse populations across India. The company has grown substantially since its inception in 2007, now operating in over 670 towns and 70,000+ villages, supported by a workforce of more than 23,000 employees.

Over the past two years, SMFG India Credit has established approximately 300 new branches, with 95% located in Tier-2 and semi-rural areas. This expansion aligns with the company’s mission of extending credit access to all, particularly in regions like Aizawl, where markets have responded positively to the increased availability of financial services, fostering local economic growth.“This achievement underscores our dedication to providing financial access to every Indian,” said Mr. Shantanu Mitra, CEO & MD of SMFG India Credit. “The Special Cover & My Stamp release symbolizes our growth and contributions to India’s financial sector.”