True Balance Sees 76.6% Collection Growth & 17X Profit Rise in FY23

  • True Balance grew revenues to Rs 431 crore in FY23, with profits surging 17 times, backed by a 76.6% rise in collection.
  • Principal income streams include interest, service commission, and loan processing fees, accounting for Rs 431 crore in total operating revenue.
  • Despite high loan processing charges, the company successfully serviced a financial segment overlooked by traditional banks.
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