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The Economic Times
The Economic Times
Business

Astranova Mobility arm gets NBFC licence, targets Rs 5,000 cr AUM in 5 years

Reserve Bank of India India

New Delhi: Astranova Mobility on Wednesday said its lending subsidiary, NovaFusion Capital, has received approval from the Reserve Bank of India to operate as a Non-Banking Financial Company (NBFC).

The company is targeting Rs 5,000 crore in assets under management (AUM) over the next five years, Astranova Mobility Founder & CEO Kunal Mundra told PTI.

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