Scale with proper capital allocation is critical: APAC Financial founder

APAC Financial Services is among a clutch of non-banking financial companies started by former bankers servicing the micro, small and medium enterprises segment. The firm’s founder, Gunit Chadha (a former chief executive officer of Deutsche Bank for the Asia-Pacific), told Raghu Mohan that chasing scale for its own sake has its pitfalls. Edited excerpts from an email interview:

It’s been four years since the rollout of APAC Financial. How has the journey been so far?

We have built significant digital and physical infrastructure to cater to the credit needs of MSMEs (micro, small and medium enterprises) in the semi-urban and rural areas.