Jaspal Bindra admitted that though the group will grow organically, it is exploring inorganic expansion as well. Centrum’s current service offerings comprise a mix of fee-based and lending services. While the lending operations began in 2016, Centrum has during this period made two major acquisitions, indicating its plans to grow through the inorganic route. Bindra, who was earlier the Asia Pacific CEO at Standard Chartered Bank, had joined the Centrum group in 2016 as the executive chairman, donning a new entrepreneurship role. Bindra pointed out that Centrum has already begun to reap the benefits of acquiring the micro-finance business of FRBI.
Source: The Telegraph January 20, 2019 18:52 UTC