Geographic Concentration and Legal Dispute Add to Risks in Microfin Listing

Around 68 % of Independent Microfin’s assets under management are concentrated in five Indian states – Bihar, Uttar Pradesh, Maharashtra, Karnataka and Madhya Pradesh. Any adverse economic, political or natural event in these regions could directly impact the company’s earnings. On the legal front, RatnaFin Capital and RatnaFin Enterprise have filed a civil suit in the Delhi High Court alleging trademark and logo infringement, seeking an injunction and damages of ₹2 crore.