Credifin Limited has announced its entry into the state of Gujarat. Operations are scheduled to begin in August 2025, starting in five major cities: Ahmedabad, Gandhinagar, Rajkot, Surat, and Vadodara.
Expanding India’s EV Financing Network
Credifin specialises in secured lending products such as loan‑against‑property (LAP) and financing for electric vehicles—including e‑rickshaws, e‑loaders, and two‑wheelers. The Gujarat launch marks its 14th state presence and further cements its position in India’s green mobility financing landscape.
Credifin currently serves over 200 locations across 14 states and union territories, with more than 750 employees and an Asset Under Management (AUM) of approximately ₹350.77 crore as of FY 2024–25.
Growth & Employment Strategy
The expansion strategy includes hiring an initial team of 30‑40 staff members, with plans to scale up to around 100 employees by the end of FY 2026‑27. Credifin aims to collaborate with local dealerships, OEMs, and fintech partners to deliver holistic financing solutions tailored to Gujarat’s evolving EV ecosystem.
CEO’s Vision
CEO Shalya Gupta highlighted Gujarat’s strategic importance, stating: “Our goal is to establish operations across all major cities in Gujarat by FY 2026‑27—deepening local EV financing access through partnerships and robust product offerings.”
Key Highlights
| Detail | Information |
|---|---|
| Start Date | August 2025 |
| Initial Cities | Ahmedabad, Gandhinagar, Rajkot, Surat, Vadodara |
| Focus Areas | EV financing, LAP for MSMEs |
| Team Size (Initial) | 30–40 employees |
| Target Staff by FY 27 | ~100 |
| Current Footprint | 200+ locations, 14 states/UTs, ₹350 cr AUM |
| Strategic Partners | Dealerships, OEMs, Fintech platforms |
With this expansion, Credifin aims to bring financial inclusivity and green mobility financing deeper into Gujarat’s major urban and logistics sectors.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!