• Andromeda, India’s largest loan distributor, makes strategic move to serve the Middle East’s NRI population after steep growth in FY24
• Dubai-based Wealth Link Solutions to bring its financial expertise in the region as strategic partner
• Andromeda’s loan portfolio, which eclipsed $9000 million in FY24, expected to help 9.55 million NRIs with real estate investments in India

August 7, Dubai, UAE: Andromeda Sales & Distribution, India’s premier loan distribution network, is pleased to announce its strategic expansion into the Middle East, a move fuelled by its exceptional domestic performance. The company recorded over 23% growth in loan disbursals, reaching $9,048 million (Rs. 75,397 crore) during the Financial Year 2023-24. This notable growth was primarily driven by the home loan segment, which increased by over 22% to approximately $4,070 million (Rs. 33,918 crore) in FY24 from $3,336 million (Rs. 27,798 crore) in FY23.

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