With the opening of its Kolkata branch at Atghara Pinnacle, Chinar Park, ICL Fincorp Ltd., a prominent Non-Banking Financial Company (NBFC) with its registered office in Chennai, has formally started operations in West Bengal.

Adv K. G. Anilkumar, Chairman and Managing Director of ICL Fincorp Ltd, inaugurated the branch operations in a function at the branch premises. Uma Anilkumar, CEO, and Dr.Rajyasree Ajith, Executive Director, E K Harikumar, Director of ICL Fincorp Ltd, graced the occasion.

At a press conference later, Adv. K.G. Anilkumar stated that the company intends to open 50 more branches throughout West Bengal, including 10 in Kolkata. This growth is a component of ICL Fincorp’s larger plan to penetrate underserved states in the current fiscal year, such as Jharkhand and Bihar.

Since its founding more than 34 years ago, ICL Fincorp has established a strong presence in the states of Gujarat, Maharashtra, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, and Kerala. With the purchase of Salem Erode Investments (SEIL), a BSE-listed NBFC with 94 years of experience in Tamil Nadu, the company further solidified its position in the market. With 38 branches currently operating in Tamil Nadu and Odisha, SEIL strengthens ICL Fincorp’s industry presence and financial know-how.

The National Industries Development Council Committee (NIDCC), a distinguished organisation that coordinates various Government of India programs to support micro, small, and medium-sized businesses (MSMEs) and industries, recently named ICL Fincorp a Lending Partner. Adv. K.G. Anilkumar, who spoke about the recognition, underlined that this collaboration demonstrates ICL Fincorp’s three-decade dedication to financial inclusion and economic empowerment.

ICL Fincorp, which has 300 branches in nine states, including West Bengal, provides a wide range of financial services, such as business loans, loan against property (LAP), and gold loans. Through a group company (ICL Tours & Travels Pvt Ltd), the business also offers travel, tourism, and insurance services. Being a customer-focused business, the company has established a solid reputation for offering clear, easily accessible financial solutions that are suited to the requirements of people looking for short-term loans backed by their gold holdings. ICL Fincorp maintains its position as a major player in the financial industry by improving its service offerings and concentrating on stability, integrity, and responsiveness to market demands.

Priyanka Dutta