ICL Fincorp marks its entry into West Bengal: Plans to operate 50 Branches this FY

ICL Fincorp Ltd., a leading Non-Banking Financial Company (NBFC) having registered office in Chennai, has officially commenced operations in West Bengal with the inauguration of its Kolkata branch at Atghara Pinnacle, Chinar Park. Adv K.G.Anilkumar, Chairman and Managing Director of ICL Fincorp Ltd inaugurated the branch operations in a function at branch premises. Uma Anilkumar, CEO and Dr.Rajyasree Ajith, Executive Director, E K Harikumar, Director of of ICL Fincorp Ltd were present on the occasion.
Later addressing a press conference, Adv. K.G. Anilkumar announced that the company plans to establish 50 additional branches across West Bengal, including 10 branches within Kolkata city. This expansion is part of ICL Fincorp’s broader strategy to enter previously unrepresented states, including Jharkhand and Bihar, during the current financial year.
Established over 34 years ago, ICL Fincorp has built a formidable presence across Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, Maharashtra, and Gujarat. The company further strengthened its market position with the acquisition of Salem Erode Investments (SEIL), a BSE-listed NBFC with 94 years of service in Tamil Nadu. SEIL currently operates 38 branches in Tamil Nadu and Odisha, reinforcing ICL Fincorp’s financial expertise and industry footprint.
ICL Fincorp was recently designated as a Lending Partner by the National Industries Development Council Committee (NIDCC), a prestigious body coordinating multiple Government of India schemes to promote Micro-small and medium enterprises (MSME) and industries. Speaking on this recognition, Adv. K.G. Anilkumar emphasized that this partnership underscores ICL Fincorp’s three-decade-long commitment to financial inclusion and economic empowerment.
With 300 branches across nine states including West Bengal, ICL Fincorp offers a diverse range of financial services, including gold loans, loan against property (LAP) and Business loans investment opportunities. The company also provides travel, tourism and insurance services through a group company (ICL Tours & Travels Pvt Ltd).As a customer-centric organization, the company has built a strong reputation for providing accessible and transparent financial solutions tailored to the needs of individuals seeking short-term financing secured by their gold assets. By focusing on stability, integrity, and responsiveness to market demands, ICL Fincorp continues to enhance its service offerings, solidifying its position as a leading player in the financial sector.