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Old September 13th, 2017, 12:17 PM
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Default APSFC Full Form

Hi I would like to have information about Andhra Pradesh State Financial Corporation (APSFC) as well as its objectives and also the milestones achieved by APSFC?
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Old September 13th, 2017, 12:48 PM
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Default Re: APSFC Full Form

Andhra Pradesh State Financial Corporation [APSFC] is a term loaning Institution built up in 1956 for advancing little and medium scale ventures in Andhra Pradesh under the arrangements of the Sate Financial Corporations Act, 1951.The company appeared on 1-11-1956 by merger of Andhra State Financial Corporation and Hyderabad State Financial Corporation. The company has propelled numerous business person neighborly plans to give term credits, working capital term advances, exceptional and seed capital help to suit the necessities of different classes of business visionaries. The Corporation has finished six many years of die hard loyalty in mechanical financing of minor, little and medium scale division units and adding to the adjusted provincial improvement of the state.

Objectives

To industrialize the State through adjusted local improvement and dispersal of businesses

To help advancement and improvement of little, little and medium scale businesses and administration segment units by stretching out need based credit to them.

Sustains business and energizes original business visionaries

To go about as an impetus for era of business

Accomplishments of APSFC :

So far authorized Rs.18,204.96 crores for 99,469 units in Andhra Pradesh and Telangana as on 31/03/2017

Dispensed Rs.12,565.57 crores to 80,053 units - 65% to Tiny/SSI segment as on 31/03/2017

Recuperated Rs.15,076.46 crores including enthusiasm since origin till 31/03/2017

Built up unblemished reimbursement track record since origin

Has steady record of acquiring working benefit all through its history

Produced immediate and aberrant work to around 12.70 lakh people

Diverted a critical offer of help of around 70% to minor and little scale enterprises

Getting a charge out of 60% of the piece of the pie in term loaning in advancing First Generation Entrepreneurs in Andhra Pradesh


Corporate Governance

WVR Murthy, IAS
Managing Director
md@apsfc.com

Jayesh Ranjan, IAS
Joint Managing Director
jmd@apsfc.com

Board of Directors

Shamsher Singh Rawat
IAS Secy. to Govt. & CIP Industries &
Commerce Dept. Gov. of AP Kartikeya Misra
IAS Director of Industries & Sugar
Govt. Of AP G.Sampath Kumar
GM, SIDBI, Hyderabad

Deepak Kumar,
DGM, SIDBI, Mumbai

G.Babu Rao
Sr. Divisional Manager,
LIC of India
Koteswara Rao SSR

Chartered Accountant

K. Harish Chandra Prasad
Industrialist

Executive Director

E. Chengalrayulu

Chief General Manager

N. Prasada Rao

General Managers

K.S. Rao

R. Prabhakar Goud

Deputy General Managers

D.Suresam

K.Haribabu

G. Venkateswara Rao

P. Seshadri Sekhar

K.M.K.Prasad

Y.N. Rajendra Kumar

Rathod Ramsingh

Corporate Office:

Andhra Pradesh State Financial Corporation
5-9-194, PB No:165
Chirag Ali Lane,
Hyderabad - 500001.
Tel. Ph No: + 91 40 23201646, 23202550
Mob: + 91 98665 12503 / 502 / 501
Fax:040-23202972
Mail: ho@apsfc.com
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