DhanSafal Finserve Limited Reports Strong Retail MSME Lending Growth, achieves 339 percent AUM Growth and Expands Geographical Footprint
NewsVoir
Mumbai (Maharashtra) [India], May 31: DhanSafal Finserve Limited, formerly known as Luharuka Media & Infra Limited ("DhanSafal"/ "the Company") today announced its financial and operational results for the financial year ended March 31, 2025, showcasing a strong performance across key growth parameters.
The company reported a remarkable 339% year-on-year growth in Assets Under Management (AUM), reaching Rs. 43.43 crore (as on 31.03.2025) from Rs. 9.9 crore (as on 31.03.2024), fueled primarily by robust demand for secured MSME loans. Fresh Loan disbursements totalled Rs. 38.07crore during the year, reinforcing DhanSafal's position as a reliable credit partner for small businesses and emerging entrepreneurs.
Retail operations have gained significant traction, leading to the opening of new locations. DhanSafal currently operates from 5 locations across Maharashtra, Madhya Pradesh, and Rajasthan. Strategic investments in infrastructure, digital systems, and skilled personnel have enhanced operational efficiency and customer experience, enabling the company to effectively meet the rising demand for retail and MSME lending.
Serving over 300 customers predominantly from the retail MSME segment including small traders, micro-industrialists, service providers, and rural entrepreneurs - DhanSafal is expanding financial inclusion by providing formal credit access to many borrowers.
Interest income has more than doubled, supported by a strengthened net worth through capital infusion and retained earnings. The company remains committed to deepening its footprint in semi-urban and rural markets by offering practical loan structures that promote grassroots economic activity and support livelihoods.
Looking ahead, DhanSafal aims to disburse Rs. 200 crore in loans and target an AUM exceeding Rs. 250 crore by the end of FY 25-26.
"FY2024-25 marked significant progress for DhanSafal, reinforcing our role as a trusted credit partner. We are committed to scaling our impact through disciplined growth, innovation, and unwavering customer focus," said Bobby Singh Chandel, CEO, DhanSafal Finserve Limited.
DhanSafal Finserve Limited is a digitally driven, well-diversified financial services company focused on simplifying credit access across India. With a strong presence in the retail loan sector, we offer flexible and competitive lending solutions stailored to individual needs from personal and business loans to income-generating credit. Our mission is to bridge the gap between traditional banking and underserved communities through ethical practices, innovative digital platforms, and a relentless customer-first approach. At DhanSafal, we believe that financial empowerment should be accessible to all because with the right support, success is possible for everyone.
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'Besides, the new tax regime has become the default tax regime, and if you wish to opt for the old tax regime, you will have to explicitly choose it by filing Form 10-IEA before filing your ITR,' says mistake many people make before filing their tax returns is not checking the Annual Information Statement (AIS) and Form 26AS, which provide a summary of all their transactions and taxes.'Form 26AS is a tax credit statement that primarily serves as a summary of taxes credited against a taxpayer's PAN,' says Raj Lakhotia, Managing Partner, LABH & Associates. It includes details such as tax deducted at source (TDS), tax collected at source (TCS), advance tax and self-assessment tax payments, refunds issued by the Income Tax Department, and details of specified high-value transactions like property purchases, mutual fund investments, AIS, on the other hand, is more comprehensive and reflects both the reported value and that accepted or modified by the taxpayer, enabling users to verify the information and submit feedback, in case of discrepancies. This information includes interest income from savings accounts, fixed deposits and recurring deposits, dividend income, securities transactions like purchase and sale of shares, mutual funds, rent received, foreign remittances, high-value credit card spends, among reconcile the data, first compare the information in AIS and Form 26AS with your own financial statements, Form 16, bank statements, and investment proofs. 'If there are any mismatches (TDS not reflected, incorrect income figures), contact the deductor (employer, bank) to get it rectified,' says Jethani.'Reconciliation of both with the ITR helps avoid discrepancies, prevents underreporting or duplicate claims, facilitates faster processing of returns and refunds, and avoids tax notices,' says you fail to list all your incomes by mistake or intentionally, it can prove very expensive. 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This may result in waste of time and energy responding to notices and giving explanations why it was missed.'Exempt income that needs to be reported includes agricultural income; share of profit from a partnership firm; interest income from Public Provident Fund (PPF); interest income from tax-free bonds; gratuity and leave encashment (up to specified limits under Section 10(10AA)); maturity proceeds of life insurance policies (subject to conditions under Section 10(10D)); exempt portion of house rent allowance (HRA) under Section 10(13A); exempt portion of leave travel allowance/concession (LTA/LTC) under Section 10(5); commuted pension (up to specified limits under Section 10(10A)); Sukanya Samriddhi proceeds and interest earned; interest and maturity proceeds from Employees' Provident Fund (EPF), subject to specified conditions; and income of a minor child clubbed with the parent (exempt up to specified limit under Section 10(32)).When people change jobs within a financial year, they are likely to make the following accounting mistakes. 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To claim it, you need to provide documentary proof, including a formal rent agreement, rent receipts and landlord's PAN (if annual rent exceeds Rs.1 lakh), to the employer, besides actually staying in a rented usage of fake or incorrect PAN details can be easily detected via PAN verification systems, while any mismatch in the rent paid by you and that received by the landlord is bound to get a tax notice. Another red flag for the tax authorites is a mismatch in the rental address and the one linked to Aadhaar or other official an employee fails to declare or submit proof to the employer, he can still claim HRA exemption at the time of filing returns under Section 10(13A). 'However, tax authorities could audit the return to verify the claim. So, preserve supporting documents, such as rent agreement, rent receipts, bank statements reflecting the payment of rent, and where the rent paid exceeds Rs.50,000 a month, evidence of tax deducted at source by the employee,' says Kumar.'You cannot claim exemption if you stay in your own house or with parents, unless you pay them rent with a valid formal agreement and genuine bank transactions for rent transfers,' says the taxpayer pays rent but doesn't receive HRA from employer, a separate deduction under Section 80GG is available up to Rs.5,000 a month, but is subject to You have no formal rent agreement. You have no proof of bank transactions. Incorrect PAN of landlord (for over Rs.1 lakh a year rent). Rental address is not authentic. Your HRA claim differs from that of employer. How it's caught It may not always be mandatory, but its absence can raise suspicion. Tax department can check bank statements. It's easily caught through PAN verification. Mismatch with address in Aadhaar card or other official records can catch it. Employer submits details of HRA exemption in Form 16. The following alterations need to be incorporated by taxpayers in their returns this year. Capital gains & IT formsTaxpayers who have long-term capital gains of up to Rs.1.25 lakh and are not carrying forward capital losses can now file using simpler ITR 1 form, instead of the previously mandated complex ITR 2 or ITR 3 forms. This is after the increase in LTCG exemption limit on listed equity shares and equity-oriented mutual funds from Rs.1 lakh to Rs.1.25 lakh in a financial year. Capital gain split From 23 July 2024, the LTCG on listed equity shares and equity-oriented mutual funds will be taxed at 12.5% without indexation, from 10% earlier, while the short-term capital gains (STCG) will be taxed at 20%, from the earlier 15%. Taxpayers will have to bifurcate their gains based on whether the transfer occurred before or after this date. Buyback as dividend Buying back of shares on or after 1 October 2024 will be considered as dividend in the hands of shareholders and should be reported as 'Income from other sources', instead of capital gains. It will be taxed at applicable slab rate without any deduction of the cost of acquisition. TDS schedule This year, you will need to mention the TDS section under which tax was deducted for income in 2024-25 if you are using forms ITR 1, 2, 3, or 5. Actual Aadhaar You can file the tax returns this year for forms ITR 1, 2, 3 and 5 using only the actual Aadhaar number, not the Aadhaar enrolment ID. Updated return timeline The timeline for filing updated returns (ITR-U) has been extended from 24 months to 48 months. Asset-liability threshold The threshold for reporting assets and liabilities in the tax return has been increased from Rs.50 lakh earlier to Rs.1 crore now. Disability certificate For disabled individuals, taxpayers could earlier claim deduction under Section 80DD or Section 80U in the old regime by quoting Form 10-IA. Now, they will have to give acknowledgement number of disability certificates as well.
