Rapid Investments Rights Issue Details 2024

Rapid Investments Limited was incorporated in Mumbai in June 1978. The company is an RBI-registered systemically important non-banking financial company (“NBFC”) offering real estate loans for construction/purchase of houses and MSME financing.

Rapid Investments offers LAP for construction of houses, extension/improvement of houses and MSME financing for the borrower’s primary residence. The company works only with registered title deeds and offers financing at an average interest rate of 24%. The loans vary between L2 and L10, have a term of 3 to 7 years and do not exceed 40% of the market value of the pledged collateral. The company has a solid legal, technical and financial process and hires only the best professionals in the industry

The company has well-trained staff who know the local market to advise clients and understand the market scenario. The company has a strong presence in the rural and semi-urban areas of Rajasthan. The company stays very close to the customers through its personalized methodology of customer care through its marketing and customer care staff.

The company has been a leading provider of mortgage loans since 2017-18, enriching the lives of people, especially in the unserved and unreached semi-urban and rural markets. Currently, the company is operating in the state of Rajasthan with more than 10 branches and has ambitious plans for branch expansion and lending growth in the state. The company plans to open more branches and is also focusing on strengthening the existing branches to improve and achieve the targeted loan growth.