Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking Finance Company) providing secured business loans to micro-entrepreneurs and self-employed individuals. The company has an extensive network of 311 branches, as of June 30, 2022, spread across 8 states and 1 UT and approximately 150 districts across India, with Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka being the key states. Company’s growth is primarily volume led through increasing their customer base while keeping the ATS stable, and they expect this to continue. They started their operations in Chennai, Tamil Nadu and have increased the scale of their operations through growth in number of branches by adopting a calibrated strategy of contiguous expansion across geographies where there is substantial demand for their offering.

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