India Infoline Finance Ltd all set to focus on Healthcare Finance Business
India Infoline Finance Ltd, a subsidiary of India Infoline is eying the financing in health care business for the purpose of growing in the capital market. In the previous fiscal year (FY11) health care financing was Rs 13.9 crore and in the current fiscal year (FY12) health care financing is around Rs 151.56 crore. The company is planning to pay more attention to this niche area in the fiscal year ‘13.
India Infoline provides customized services to their customers in the form of financial solutions to hospitals, nursing homes and doctors to fulfill their funding needs. They also cover financing for medical equipments, brown field projects and refurbished equipments, pathology labs, etc. India Infoline provides finance against the personal guarantee and mortgage of property.
Healthcare industry is the second largest service sector employer in India, and it provides jobs to 4.5 million people. This industry is rapidly growing and for expansion purposes it requires more funding from the public as well.
India Infoline is already active in gold loans, mortgages, capital market financing and with an eye to expand their business they have ventured into the health care business as well. While the current financing is up to only 61 months, India Infoline is providing finance for tenure of 84 months.
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