Shalibhadra Finance has recently announced the opening of a new branch in Narmadapuram, Madhya Pradesh, strengthening its geographic presence and improving customer accessibility in the region. Madhya Pradesh has emerged as a key focus state for the company, with the new branch marking the start of a deeper and more sustained expansion strategy.

The Narmadapuram branch is Shalibhadra Finance Limited’s ninth branch in Madhya Pradesh, taking the company’s total branch network to 58. The branch will initially focus on two-wheeler financing, supporting mobility-driven economic participation in rural and semi-urban markets, while complementing the company’s portfolio of secured and purpose-based loan products for self-employed individuals, small businesses and salaried customers.

Commenting on the development, Vatsal M. Doshi, Managing Director, said the strategic location of Narmadapuram along the Narmada river valley makes it a key connector between rural blocks, small towns and the Itarsi railway junction. He noted that two-wheelers remain the most practical and affordable mode of transport in the region, making focused financing solutions critical for daily mobility needs.

The branch expansion aligns with Shalibhadra Finance’s plan to scale its network to 100 branches by the end of FY27. The company said the expansion will be undertaken in a measured and sustainable manner, with continued emphasis on strong credit standards, asset quality and customer-centric operations.