Chairman''s Speech for the 31st AGM
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Kreon Finnancial Services Ltd held its 31st AGM on August 29, 2025, where the Chairman highlighted strong FY 2024-25 performance driven by its digital lending platform StuCred. Revenue grew 62% year-on-year, rising from ₹1,637.28 lakhs to ₹2,664.57 lakhs, while gross NPAs improved dramatically from 22.57% to 4.27%. The company added 1.48 lakh new users, taking total approved users to 3.12 lakh (1.97 lakh active), expanded to 36,000+ colleges across 28 states and 8 union territories, and reported cumulative disbursals of ₹63,517 lakhs over five years with a 90% user retention rate. Kreon ended the year with an equity base of ₹2,022.20 lakhs and capital employed of ₹6,260.92 lakhs, supported by 121 employees. The company also outlined five strategic pillars — risk management, financial capital, human capital, technology, and sustainability — with forward-looking focus on product diversification, AI-based credit intelligence, and rural/Tier-III expansion.
The sharp recovery in revenue growth and dramatic improvement in asset quality (NPAs falling from 22.57% to 4.27%) signal a strong turnaround for shareholders, likely to be viewed positively by the market. The expanded user base and forward-looking diversification plans suggest a credible growth path, though execution on new asset classes and rural expansion will be key things to watch.