Abans Holdings Limited announced its Q1 FY25 financial performance, highlighting a 57% growth in revenue, reaching ₹34.11 crores in its agency division. The company also reported profits before interest and tax (EBIT) of ₹21.75 crores, with an 8% increase in assets under management (AUM).
Key Highlights:
- 57% Revenue Growth: Abans’ agency division reported a 57% year-on-year revenue growth to ₹34.11 crores.
- EBIT Growth: The company reported ₹21.75 crores in EBIT, reflecting strong operational performance.
- Valuation of AIMPL: A subsidiary of Abans, AIMPL, was valued at ₹150 crores following a Series A funding round.
- Global Expansion: Abans Holdings is setting up a new open-ended Alternative Investment Fund (AIF) in GIFT City and is expanding its Global Arbitrage Fund into the U.S. market, pending regulatory approval.
Strategic Initiatives for Future Growth:
- GIFT City Expansion: Abans is establishing a wholly-owned subsidiary in Gujarat International Finance Tec-City (GIFT City) to enhance its lending operations and improve profit margins through cost-effective operations.
- Mauritius Fund: The company has set up a new fund in Mauritius through its subsidiary, Abans Broking Services Pvt Ltd, to attract more international investors and boost AUM growth.
- Global Arbitrage Fund Expansion: The flagship Global Arbitrage Fund is set to expand into the U.S. market, aiming to significantly increase the company’s AUM.
Mr. Nirbhay Vassa, CFO of Abans Holdings, stated, “Our strategic initiatives, including the expansion in GIFT City, the Mauritius fund, and the U.S. market entry, reflect our commitment to innovation and global growth. We are confident these steps will strengthen our leadership position in the financial services sector.”
With these growth strategies in place, Abans Holdings is poised to further strengthen its market presence and drive profitability in the global financial landscape.
