Protium

The company has serviced over 500,000 customers of which more than 1,00,000 are MSMEs who have accessed credit in the range of Rs 3 lakh to Rs 5 crore, it said

Protium, an Indian finance company on Wednesday said that it has disbursed greater than Rs 3,000 crore in the last two years and has built a strong loan book of Rs 1,750 crore. Protium remains significantly profitable while embarking on the growth path and investing in proprietary systems and technology, the company said in a statement. The company has serviced over 500,000 customers of which more than 1,00,000 are MSMEs who have accessed credit in the range of Rs 3 lakh to Rs 5 crore, it said.

“The fundamentals of financing have not changed in a thousand years. Technology is table stakes at this stage of the game. The key differentiator is how an organisation fundamentally tie the two together– and this is where the DNA of a company really comes through. Throwing money and people at this problem is the wrong answer as many have found out,” said Peeyush Misra, Partner and Managing Director, Protium. 

Misra added that at Protium, there is no such thing called growth unless it is weighed in by what risk it is coming at. Any financing company is only as good as the health of the portfolio they own and the core profitability metrics.

“It was a conscious decision to ensure that at least 80 per cent of ours is asset-backed, even if that meant disbursals were not as aggressive as they could have been. We do not believe in quick growth hacks. As the name Protium suggests, it is important to be obsessed with fundamentals and we use first principles to solve any complicated problems that may arise,” Peeyush added.