TKS Finance ups capital to Rs. 500 m

Tuesday, 17 July 2012 00:00 - - {{hitsCtrl.values.hits}}

TKS Finance Ltd. has made a fresh infusion of Rs. 200 million to boost its capital to Rs. 500 million aimed at strengthening the company to facilitate rapid business growth.

Initial success of the company and its products has prompted the TKS Finance’s high net-worth Malaysian investors to infuse yet another high amount of Rs. 200 million into its capital.

This raises their total capital to a significant Rs. 500 million which is evident of its stability and the strength of the company.

TKS Finance CEO Rasika Kaluarachchi said, “If I may recall, we opened our doors for business with Rs. 200 million as capital, which was raised within few months to Rs. 300 million to facilitate rapidly improving business. Accordingly it’s heartening to observe the immense confidence our Malaysian investors have shown in our quality portfolio and the overall progress, which prompted them to infuse another Rs. 200 million.”

“Our entire staff and management are happy that we are reaching our first anniversary with excellent results on record and a substantial Rs. 500 million in capital, which is far above the core capital requirement of the Central Bank. Naturally, we are looking forward to offer even greater service with more value-added products to our growing customer base,” Kaluarachchi said.

According to him t with TKS Finance’s branch expansion program commencing this year and going forward, the Company will be able to serve people scattered all over the island with innovative financial solutions with greater efficiency.

Flexi fixed deposits, VIP pawning/gold loans, Rajya Abhimana instant loans and their newest introduction ‘Express Share Credit’ are amongst the most talked about products in the finance sphere. The common factor in all these products is that they are all innovative products designed and introduced by TKS Finance, a member of TKS Group.

For a young finance company that commenced their foray into this highly competitive field just within a year, TKS finance has performed remarkably well. The significant capital at their disposal and the highly skilled professional management inspired efficient staff have ensured that they offer most timely and customer beneficial products, all of which has brought them encouraging results during this short but highly productive period.