What we do at Orange Retail Finance
ORFIL is known for its passion for transforming the lives of Indians, and it does so by offering financial products and services that matter.
ORFIL is a retail NBFC specializing in affordable finance solutions directed towards Semi-urban and Rural India. We believe these areas are under-serviced, especially in terms of financial convenience, and we are on a journey to change them.
Our products include two-wheeler, micro-business, loan against property, and swift cash loans dedicated towards matching the evolving needs of people living in tier-2 and beyond. Our empathy-driven and forward-looking approach has helped us cater to over 10,000 villages and become one of the most preferred financial brands across the country.
Our Vision
To be the preferred neighbourhood financier for every household of semi-urban and rural markets.
Our Mission
To be a transparent financier and make an impact in the markets with hassle-free process.
Rapidly Expanding Pan-India Presence and operational competence
Delivering financial services to masses including underprivileged and disadvantage people, living in rural sectors of the Indian society at affordable terms, in quick turnaround time and with hassle-free processing is the aim of Orange Retail Finance
1700+
Employees11200+
Villages Touched₹800 Crs
Disbursement75
Branches5
StatesFuelling the Rural Economy
About 70% of India lives in its villages and semi-urban areas representing about two-third of India’s working population and contributing to about 46% of the national income. For India to march towards sustainable growth, steady development of its rural and semi-urban areas is imperative.
While rural India is largely dependent on its income from agriculture and allied sectors, it also promises employment and development opportunities in other sectors such as MSME’s, logistics, construction and others. However, an unorganised finance sector with low access to formal credit serves as the primary bottleneck in unlocking their potential.
Orange Retail Finance Private Ltd strives to override these challenges and fuel the rural economy by facilitating the underserved communities in these pockets with easy and affordable access to credit. With a deep know-how and presence in semi-urban and rural India and an array of thoughtfully designed products, we seek to:
Provide financial to first-time borrowers
Create economic opportunities
Improve the standard of living
Assist in business expansion
Fulfil transportation needs
Provide for financial contingencies
The Story of Orange Retail Finance
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February 2014
Commenced NBFC operations
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October 2015
Partnered with RBL for BC
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June 2017
Onboarding of Anchor Investors
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January 2018
Portfolio acquisition from RBL to tune of ₹ 40 Crs
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May 2018
Capital Infusion @ ₹ 30 Crs
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AUM @ ₹ 75 Crs.
Debt @ ₹ 100 Crs. raised despite challenging times.
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August 2019
BBB-/ Positive outlook rating from CRISIL.
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February 2020
₹ 77 Crs. raised
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March 2020
AUM @ ₹ 400 Crs