Asia Asset Finance surpasses Rs. 50 b in assets

Tuesday, 17 March 2026 06:52 - - {{hitsCtrl.values.hits}}

Chairman V.A. Prasanth (left) and CEO Rajiv Gunawardana

Asia Asset Finance PLC yesterday said it has surpassed Rs. 50 billion in total assets by the end of February 2026, marking a milestone in the company’s growth trajectory.

The company said the achievement reflects steady progress made in recent years through financial discipline, expansion of its lending portfolio, and the confidence placed in the institution by customers, shareholders and other stakeholders.

An India-based Muthoot Group company, Asia Asset Finance noted that the growth in assets was driven by efforts to strengthen its core financial services while broadening its customer base across key market segments.

The company said it has continued to prioritise governance and risk management practices in line with regulatory requirements as it expands its operations.

According to the company, the asset milestone represents a significant step in its long-term growth strategy and reflects the progress made in scaling its financial services platform while maintaining a focus on stability and compliance within the regulated finance sector.

The company reported an asset base of Rs. 45.8 billion as of end December 2025, up 23% from end-March 2026 with net assets at Rs.35.62 per share. Its deposit base was Rs. 21.2 billion as of end-December 2025, up 6.2% from March while borrowings were up 69% to Rs. 15.7 billion and the loan book expanded 37.5% to Rs. 40.1 billion.