Credifin Limited, formerly PHF Leasing Limited, will start operations in Gujarat from August 2025. The company is listed on the Metropolitan Stock Exchange of India. Its headquarters are in Jalandhar, with a corporate office in Delhi-NCR. Credifin will offer its full range of EV loans for E Rickshaws, E Loaders, and electric two-wheelers. These loans will be available across Gujarat. Operations will begin in five cities: Ahmedabad, Gandhinagar, Rajkot, Surat, and Vadodara. Gujarat is now Credifin’s 14th state or union territory presence.
Credifin Limited is a Non-Banking Financial Company. The Reserve Bank of India registered it in 1998. The firm provides mortgage loans using property as collateral. It also finances electric vehicles. This includes E-rickshaws, E-loaders, and electric two-wheelers. Credifin supports electric vehicle use in logistics and delivery. It also supports electric transport in rural and urban areas.
“Credifin is key to India’s green transport shift. We work with EV makers for E Rickshaws and E Loaders,” said Shalya Gupta, CEO of Credifin Limited. “Gujarat offers chances to provide complete loan solutions. We can also team up with local EV dealers and fintech firms.” Gupta added, “We plan to cover all major Gujarat cities by the end of FY 2026-27. We hope to offer other products in new markets too.”
Credifin expects to employ 30-40 people in Gujarat initially. This number should grow to 100 by next year. Credifin’s entry into Gujarat should boost local dealers. It will also speed up the move to electric vehicles.