
30
Years of Experience In finance
ABOUT COMPANY
MD Message
The company started with a single branch, fueled by the entrepreneurial spirit and financial expertise of its founders. Their mission was to create a customer-centric, tech-driven NBFC that would stand apart.
Within the first year, Sugmya Finance expanded rapidly, opening 50 branches across 4 states. This exponential growth was a testament to the company’s agility, strong business model, and ability to deliver exceptional customer service.
Sugmya has rapidly expanded from its humble beginnings in 2019 to an impressive network of 278 branches across 13 states in India.
The company’s strategic expansion has allowed it to bring its innovative financial solutions to diverse communities throughout the country. By establishing a strong presence in 13 states, Sugmya has ensured that its services are readily available to a wide range of customers.
Sugmya’s branch network has created job opportunities and contributed to the economic development of the communities it serves.
OUR BENEFITS
We are here manage Your finance
Business Growth
Strategy Process
Finance Manage
Meena, 29, lives in Barwala village, Moradabad, Uttar Pradesh, with her husband and their three-year-old child. Six years ago, she married into a family engaged in the brass utensils business. Despite her active involvement, they struggled to earn ₹14,000 to ₹15,000 monthly due to inadequate machinery. In 2021, tragedy struck as Meena lost her in-laws to COVID-19, causing severe financial strain. Borrowing from relatives became necessary to sustain the business. In 2023, seeking a turnaround, Meena and her husband secured a ₹40,000 loan and an additional ₹1,00,000 from another source, investing the entire amount to enhance their operations. Their efforts paid off, and Meena’s income soared to over ₹50,000 monthly, with even higher sales during festivals and marriage seasons. They saved a substantial amount in the bank, and their business is now valued at almost ₹2,00,000. Meena’s journey from financial struggles to a stable, successful business highlights her resilience and determination. Her hard work and smart financial decisions transformed their enterprise, ensuring a brighter future for her family.
Anju Kumari, a 25-year-old from Hapur, Uttar Pradesh, embarked on her entrepreneurial journey in 2018. Married and living in a pucca house with her husband and two children, Anju faced financial challenges with her husband’s modest photo studio shop earnings in Delhi. Determined to improve their situation, Anju started a cotton wick business in 2021, initially funded by a loan from some of her relatives. Despite early struggles, her persistence paid off as she gradually built a customer base, increasing her sales and earnings. In 2022, Anju joined Sugmya, receiving a ₹40,000 loan that boosted her business significantly. Alongside her entrepreneurial efforts, she also supported her husband’s studio, leading to its expansion and the hiring of three workers. By 2024, another Sugmya loan of ₹50,000 further strengthened their financial position, with her household earnings rising to ₹25,000 monthly. With monthly sales between ₹30,000 and ₹50,000, her profits reached ₹10,000 to ₹15,000. During festivals, sales soared even higher. Today, Anju enjoys economic stability and is committed to providing the best education for her children, ensuring a bright future for her family. Her journey from financial struggles to success is a testament to her determination and hard work.
Kajal Tyagi, 45, from Kalheta village in Hapur, Uttar Pradesh, lives with her husband and daughter. Initially residing in a rental house in Delhi, her husband’s driver job earning ₹18,000 per month made city life challenging. In 2012, they returned to their hometown and started a poultry farm with a ₹50,000 loan. The business thrived initially but had to close in 2017 due to family reasons. Facing financial difficulties, Kajal’s husband turned to farming, but the income was irregular. In 2018, Kajal secured another ₹50,000 loan to buy a buffalo, but the earnings were insufficient. In 2019, she started a home-based saree business with ₹25,000 savings, quickly earning a net profit of ₹10,000 and growing her income to ₹25,000-₹35,000 per month. Despite COVID-19 setbacks, Kajal managed her business from home until 2021. Postlockdown, she expanded to a market shop with a ₹2,00,000 loan. Today, Kajal’s diversified monthly earnings include ₹5,000 from farming, ₹20,000-₹30,000 from animal husbandry, and over ₹50,000 from her saree shop. Her husband handles farming while she focuses on the saree business, ensuring financial stability and quality education for their daughter. Kajal’s entrepreneurial journey highlights her resilience, determination, and hard work.
Nilam, a 40-year-old from Gajraula, Uttar Pradesh, lives with her husband and two children. Originally from Moradabad, her husband worked as a technician earning ₹7,000 monthly, making it hard to manage expenses. Nilam, utilizing her sewing skills, earned about ₹3,000 monthly from part-time work. In 2019, Nilam opened a boutique shop, significantly increasing her earnings and training nearly 50 local girls. However, in 2022, her husband left his job, putting financial strain on Nilam. In 2023, she opened a general store, using her savings. Despite initial success, stock shortages due to high demand became an issue. In 2024, Nilam took a ₹50,000 loan, expanding her store. With her husband managing it fulltime and her contributing when possible, their income re-stabilized. Today, they earn between ₹35,000 and ₹40,000 monthly, invest in their children’s education, and have built a two-room pucca house with attached toilets. Nilam’s journey from struggling to successful entrepreneurship highlights her determination and adaptability.