SALEM ERODE GROWING ITS PRESENCE IN TAMIL NADU: A STEP OF STRENGTH THROUGH THE PATHS OF LEGACY AND TRUST

Chennai January 2024: Salem Erode Investments Ltd, a venerable BSE-listed Non-Banking Financial Company (NBFC), proudly marks 93 years of legacy by announcing visionary goals for the upcoming years. The company currently operates 22 branches in Tamil Nadu, and is poised for further expansion in the near future.

At the core of Salem Erode investment’s success are enduring values such as faith, depositor’s confidence, institutional trust, and employee loyalty. These pillars, contributing to the company’s remarkable longevity, have also nurtured a strong bond with every individual consumer. Salem Erode considers its clients an integral part of its family, emphasising their significance and why clients have never sought an alternative financial adviser.

The NBFC offers a comprehensive suite of financial services, including gold loans and investments. ICL Fincorp’s acquisition of Salem Erode Investments in the year 2019-20 paved the path for the latter’s transformative growth. The visionary leadership of Adv. K.G. Anilkumar (Chairman and Managing Director, ICL Fincorp) has empowered both the entities to thrive in this new phase of expansion.

ICL Fincorp, recognised as one of India’s trusted NBFCs, has Gold Loans, Investments, Hire Purchase Loans, Business Loans, and more in its product portfolio. Recently the oversubscribed Public Issue of Non-Convertible Debentures showcased investor trust, reinforcing ICL Fincorp’s status as a reliable financial partner. Salem Erode Investments is all set to embark on a new chapter, under the aegis of ICL Fincorp. The company looks forward to strengthening its bond with clients, expanding its services, and achieving new milestones in the pursuit of financial excellence.
Photo Caption – L to R:

1. Mr. Ramachandran K- Assistant General Manager- Operations
2. Mrs.Manisha N Menon- Company secretary
3. Mrs. Uma Anilkumar- Whole Time Director
4. Mr. K G Anilkumar – Chairman & Managing Director
5. Mr. Visakh T V- Company Secretary
6. Mr. Madhavankutty Thekkedath- Chief Financial Officer
7. Mr. T G Babu – Assistant General Manager

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