Veritas Finance Ltd.

Book Running Lead Managers

Promoter Shareholding

About the Company

Established in 2015, we are a non-deposit taking non-banking financial company (“NBFC”) registered with the Reserve Bank ofIndia (“RBI”), and under the scale-based regulations of the RBI, are classified as an ‘NBFC-Middle Layer’. As a diversified, retailfocusedNBFC, we primarily provide small business loans to micro, small and medium enterprises (“MSMEs”) and self-employedindividuals, and over the years, have expanded our business to include home loans and used commercial vehicle loans. As ofSeptember 30, 2024, our Loans (AUM) aggregated to ₹65,172.17 million.According to CRISIL MI&A, we are the fastest-growing NBFC in terms of Loans (AUM) growth among compared peers for theperiod between the Financial Years 2022 to 2024, with a compounded annual growth rate (“CAGR”) of 61.76%. As of FinancialYear 2024, the estimated MSME credit demand in India was approximately ₹138 trillion, with only 25% of this demand being metthrough formal financing channels (Source: CRISIL MI&A Report). Moreover, according to the CRISIL MI&A Report, duringFinancial Year 2024, the total addressable credit demand was ₹67.5 trillion, while current formal financing amounted to ₹35 trillion,leaving a potentially addressable MSME credit gap of ₹32.5 trillion to be fulfilled by financial institutions. The MSME credit markethas demonstrated strong growth, with credit outstanding rising at a CAGR of 15.8% from Financial Year 2019 to Financial Year2024 and is expected to grow at a CAGR of 17-19% from Financial Years 2024 to 2027 (Source: CRISIL MI&A Report). Thehousing finance market has also demonstrated strong growth, with credit outstanding rising at a CAGR of 13.6% from FinancialYear 2019 to Financial Year 2024 and is expected to grow at a CAGR of 13-15% from Financial Years 2024 to 2027 (Source:CRISIL MI&A Report).