Veritas Finance AUM cross Rs 1,000 crore
The current customer base is 40,386 customers with loan book outstanding at Rs 1,048 crore.
Norwest Venture buys into Veritas
Founded in 2015 by D Arulmany, Veritas Finance lends to micro, small and medium enterprises in India. It ha...
Chennai’s Veritas gets Rs 200 crore in Series D funding
The company’s earlier investors include CDC Group plc, UK’s development finance insti...
Chennai-based Veritas raises Rs 200 crores from Norwest Venture Partners in Series D round
The company currently has a loan book of Rs 530 crore. Arulmany said the he expected the loan book to increase to over Rs 800 crores in FY18-19 and then up to Rs 1500 crores in the following fiscal, FY19-20.
Stocks in the news: Dish TV, Mindtree, Jet Airways, Gruh Finance and DHFL
DLF will invest around Rs 750 crore for construction of a new commercial project in Gurugram.
MSME lender Veritas raises Rs 120-cr round led by UK govt’s CDC Group
The CDC Group has committed to further invest Rs 35 crore separately in debt, taking the total fund raise by Veritas Finance to Rs 155 crore in this round.
Veritas Finance raises Rs 30 crore from Sarva Capital
The Chennai-based Veritas Finance today said it has raised Rs 30 crore from Sarva Capital in A series funding. The funding will help fuel their expansion plans.
Security can be an existential threat for businesses, says Symantec CEO Michael Brown
Symantec CEO Michael Brown said that the CEOs are taking a greater interest in cyber security.
Chennai-based Veritas Finance gets Rs 30 crore from Sarva Capital, others
It will use the funds for expansion as well as increasing the range of financial services, besides using a sizable amount of the capital for disbursing loans.
90% of Indian IT decision makers admit to being digital hoarders: Veritas Data Hoarders research
One key reason why people are holding on to so much data is that employees weren't sure if it was of long term importance and whether they'd need to access it again.
Data overload could cost organisations up to $3.3 trillion by 2020: Veritas
Organizations are creating and storing data at an ever-increasing rate due to a ‘data hoarding’ culture and an indifferent attitude to retention policy.
Enterprise software maker Druva raises $51 million in funding led by Sequoia
The eight-year-old company has now raised a total of $117 million in venture funding, the last round having closed in 2014 when it was estimated to be valued at $220 million.
Veritas Investment Research winds up India business; Cites loss of reputation due to FIRs
Canada-based stock research firm says there is no meaningful progress in cases filed by Indiabulls firms yet.
Government allows cancellation of 4 SEZ projects
The cancellation is subject to the development commissioner furnishing a certificate in the prescribed format certifying that the developer has not availed any tax/duty benefits.
DLF has no credible plans to deleverage balance sheet: Veritas
Despite selling Rs 1750cr assets, its net debt declined by Rs 33cr over a 3-quarter period. All the asset sales were not able to help the company deliver, Neeraj Monga said.
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