Kirloskar Capital Limited, a wholly owned subsidiary of Kirloskar Oil Engines (KOEL) and a part of Kirloskar Group, has changed its name to Arka Fincap Limited. The new brand name and promise of the company reflects the cohesive ecosystem of Kirloskar Group’s NBFC operations.
‘Arka’ is inspired from the sun, which symbolises the philosophy of anchoring and enabling ﬂights of growth for the clients and the company. The new brand promise of ‘Anchoring Flight’ shares the strong values, sustainable progress and excellence of the Kirloskar Group and at the same time, it demonstrates company’s spirit of agility, innovative thinking and growth mindset for the highly dynamic financial industry.
Atul Kirloskar, Executive Chairman, Kirloskar Group, said, “The NBFC industry is at the cusp of a new beginning and it holds tremendous untapped opportunities. With the government stimulus measures and reforms, integration of technology and greater corporate governance, Arka Fincap is poised for sustainable growth based on its patient capital approach. Backed by strong business fundamentals of our group and customer-centricity, we aim to drive financial empowerment of our customers by accelerating innovations and technology solutions.”
Vimal Bhandari, Executive Vice-Chairman and CEO, Arka Fincap, sharing the company’s vision and growth strategy, said, “We plan to provide digitally enabled and customised financial solutions to our customers and help them achieve their financial requirements. Through technology-led financial solutions, we will bring forth innovative products and services across our portfolio, to meet the diverse requirements of our esteemed customers.”
The corporate name change is effective immediately and will be implemented across the company's products and services.