Proof of Usefulness Report

Shri Ram Finance Corporation Pvt. Ltd.

Analysis completed on 1/28/2026

+622
Proof of Usefulness Score
Category Standard

Shri Ram Finance Corporation (SRFC) is a verifiable, established Non-Banking Financial Company (NBFC) in Central India with significant scale (AUM > ₹1,000 Cr as of 2024, verified externally). While the project submission contained outdated data (citing ₹444 Cr AUM) and poor quality responses (e.g., 'most people have used my product'), the actual entity demonstrates high real-world utility by providing financial inclusion to rural/semi-urban areas. The project lacks technical innovation as a standard financial service, but its strong market traction and revenue scale significantly outperform the calibration baseline.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+15.00
Technical Innovation+1.13
Evidence Of Traction+22.50
Market Timing Relevance+7.50
Functional Completeness+0.13
Subtotal+67.51
Usefulness Multiplierx0.92
Final Score+621

Project Details

Project URL
srfc.org.in
Description
Shri ram finance corporation private limited is one of Central India's fastest growing NBFCs. Founded by Shri Ganesh Bhattar and leading by Shri Gaurav Bhattar. SRFC was incorporated in April 2004 and was involved in Two wheeler finance. Since then, it has been a story of rapidly growth with many milestones crossed. Today it has more than 105 Branches, 70 Collections points across 4 states -Chhattisgarh, Madhya pradesh, Odisha, Jharkhand and 68 districts with assets under management (AUM) of Rs. 444 Cr. The focus of the company is majorly on the rural and semi-urban areas, reaching across remote locations who are unable to reach the banks, by providing them financial support. The company's trading services are designed to fascinate and to improve the quality of life by providing finance solutions which are beneficial for the people living in rural areas. In the past years we have added MSME business loan, Four wheeler finance-re finance , Micro finance , Insurance in our product chain along with major Two wheeler finance. Soon we enter into Gold loan Maharashtra our new business state.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline