RK Group today announced its foray into the retail housing finance business with the launch of Wonder Home Finance Limited.
The company will offer home loans and financial assistance for repair and renovation of homes as well as MSME business loans.
A company official said it has already opened 9 branches in Jaipur, Udaipur, Bikaner, Jodhpur, Chittorgarh and Rajsamand.
"We are setting up 29 branches in Rajasthan, covering approximately 70 per cent households in the state by recruiting over 400 people for this specific market in the first year of operation.
"By the end of current fiscal year, we expect to begin our services in other states including Gujarat, Maharashtra and MP," Sanjay Singh Rajawat,director and CEO of Wonder Home Finance Ltd, said here.
Ashok Patni, chairman of the Ajmer-headquartered RK Group, said the company aims to deliver unified financial services to people.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)