­Experienced promoter supported by the established presence of Sai Point Group in the two wheeler dealership segment
Sai Point Group forayed into the auto dealership industry in 2001 with Sai Point Automobiles Private Limited (SPAPL), which is engaged in Honda two wheeler dealership business. Later in 2010, the group commenced four wheeler dealerships of Maruti Suzuki and Nexa by setting up Sai Point Cars Private Limited and Sai Point Nexa, respectively. Subsequently, SPFC was started in 2014 as two wheeler financing to customers sourced through their Honda two Press Release SAI POINT FINANCE CORPORATION LIMITED Rating Reaffirmed wheeler dealership company. All the entities are overseen by Mr. Dilip Patil (Managing Director). The group enjoys two decades of experienced promoters and an operational track record of entities in the auto dealership segment, which in turn has supported the business growth of SPFC. SPFC operates in Maharashtra with a network of 46 branches as on March 31,2024. Around 35 percent of SPFC’s portfolio is attributed to Sai Point Group’s Honda two wheeler dealership business carried out under SPAPL, with the remaining 65 percent coming from financing for other dealers. The SPFC mainly finances Honda two-wheelers, which account for 60~65 percent of the portfolio financed, followed by 20 percent of Bajaj two-wheelers and 10-15 percent of TVS scooters and other brands. SPFC’s capitalization levels stood healthy at 38.75 percent as on September 30, 2021, as against 30.71 percent as of March 31, 2021. The promoters infused Rs. 5 crore in H1 FY2022. This ensures adequate room is available for the future growth of the company. Acuité believes that SPFC’s business profile will continue to benefit from the established presence of Sai Point Group in the two-wheeler dealership industry, backed by experienced promoters and healthy capitalization levels.