The promoters of SFFL have been engaged in two-wheeler financing since 1996; however, the company's operations have been concentrated in Punjab.
CRISIL believes that SFFL will benefit from its promoter's experience in the asset-financing space and will maintain sound asset quality over the medium term.
For 2009-10, SFFL reported a profit after tax (PAT) of Rs.
As we continue to build SFFL, we look forward to further engaging our senior executives in contributing to the growth and development of the organization," said Sargent.
In addition to supporting many local organizations where Staples associates live and work, SFFL has established charitable partnerships with Boys & Girls Clubs of America, Ashoka, Initiative for a Competitive Inner City, Earth Force and Taking IT Global.
Over the past six years, support from SFFL has helped to expand BGCA's Torch Club to more than 1,400 chartered clubs, touching the lives of more than 78,000 children.
SFFL has enabled Youth Venture to expand to eight countries in North America, South America and Europe.
SFFL funds Earth Force's programs that offer educators innovative materials, training and support that connect youth to their communities and address environmental issues.