Microfinance company SKS, which had over an year ago charted a revival plan to push non-core products, with an aim to derisk the business, is not hopeful if the plans would fructify fully now. The company had piloted gold loans, mobile handset loans and Sangam or kirana store loans, and has seen only the Sangam store pilot turning into a business vertical yet.

“We have realigned whole processes and till the second quarter of the year, the revenue from these segments was zero. We will wait for another six months and if at all they do well, we will create a step-down subsidiary,” Dilli Raj, CFO of the microlending company told Financial Chronicle.

While the pilots have been launched long ago, the company is cautious in rolling out these products completely. SKS, after the industry impact of debt crisis had decided to carve these business verticals in a manner that they could contribute as much as ten per cent of the total business by FY 14. By the end of this fiscal however, they may contribute less than five per cent.

Meanwhile, SKS hopes that it would continue to keep raising funds via securitisation deals with banks and financial institutions, as much as one third of its total needs. In fact, it hopes to raise another Rs 350-500 crore before the end of this fiscal. The company on Monday had said it has completed two such transactions of Rs 390 crore. So far, SKS has raised Rs 800 crore in seven deals in this financial year.