Sustainable Agro-commercial Finance Ltd (SAFL) is a retail agriculture finance–focused NBFC promoted by Jain Irrigation that lends for micro‑irrigation systems, agri projects, lift irrigation schemes, small business and farm equipment, and solar pumps. The company reported total loan outstanding of ₹160 crore as on March 31, 2015 and an average ticket size of about ₹1 lakh. SAFL raised fresh capital to expand its agriculture lending business and broaden its rural and semi‑urban reach. It plans initial geographic expansion in Maharashtra, Karnataka and Telangana, followed by Madhya Pradesh and Gujarat. Management targets a loan book of ₹350 crore by the end of the fiscal year (March‑end FY16) and ₹1,500 crore within five years. After the recent fundraise the company’s total capital stood at ₹208 crore.

Total raised

$18M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2015