Credifin Begins EV Loan Services in Ahmedabad and More

Credifin Limited (earlier PHF Leasing Limited), a Metropolitan Stock Exchange of India listed, NBFC, headquartered in Jalandhar with its Corporate Office in Delhi-NCR, announces the setting up of operations in Gujarat, from August 2025. Credifin Limited will offer the entire portfolio of its fastest growing vertical, EV loans for E Rickshaws, E Loaders and electric 2 wheelers, across the state of Gujarat and will first begin operations in 5 cities, Ahmedabad, Gandhinagar, Rajkot, Surat and Vadodara. Gujarat becomes the 14th State and UT to have a Credifin presence.

Credifin Limited is a Non-Banking Financial Company registered with Reserve Bank of India since 1998. The company offers Mortgage loans against immovable property (LAP) and financing of E-vehicles primarily E-rickshaws, E-loaders and EV – 2 wheelers. Credifin Limited is committed to the adoption of electric vehicles across various sectors, including logistics, last-mile delivery, and rural and urban transportation

“Credifin is an important player in India’s green mobility revolution and an established partner to OEMs in the eVehicle – E Rickshaws and E Loaders segment. Gujarat presents an opportunity to us to offer integrated financing solutions and collaborate with local EV Dealerships, OEMs and fintech partners. We have plans to be present across all major cities in Gujarat by the end of FY 2026-27 and hope to offer our other products in the rest of the markets as well”, says Mr. Shalya Gupta, CEO, Credifin Limited. 

Credifin’s expects to have a sizeable presence in Gujarat, around 30-40 direct employees to begin with and going up to 100 by end of next year. Credifin’s presence in the Gujarat market is also likely to stimulate local dealer networks, and accelerate the transition to electric vehicles.