Business Economy

Repco Home Finance unveils a new satellite center at Sri City

repco home finance launches a satellite center

Earlier in the week, as part of its expansion drive,  An Indian company Repco Home Finance officially launched a satellite center at its neighboring Sri City Special Economic Zone.

Along with the unveiling of a satellite center, T S Krishna Murthy, the Chairman and former Chief Election Commissioner of Repco Home Finance Ltd unveiled a plaque at Sri City.

In a statement, Mr. Murthy said, “We (Repco Home Finance) express our profound gratitude to Ravindra Sannareddy (Sri City Founder) for giving a positive response to our proposal of setting up a satellite center. We believe that our services will be useful for employees of Sri City units and the normal public as well.”

Sannareddy states that the introduction of Repco Home Finance Ltd has come at a time when Sri City has been focussing more towards developing social infrastructure.

According to Sannareddy, “Repco Home Finance’s presence in Sri City will certainly be an added advantage for anyone who aspires to own a house.”

In India, Repco Home Finance has 23 satellite centers and a total 141 branches. For the quarter ending June 30, 2018, The company showed a profit of 60.9 crores.