<ul><li>Avanti Finance, backed by Ratan Tata and Nandan Nilekani, reported a narrower loss and a significant increase in revenue for FY24.</li><li>The standalone revenue from operations rose 2.3X to Rs 240.40 crore, driven by a rise in interest income and an expansion in the lending portfolio.</li><li>The interest income more than doubled to Rs 217.7 crore compared to Rs 104.8 crore in the previous year.</li><li>The loss for the year decreased to Rs 13.8 crore from Rs 50 crore, while total expenses rose 66.9% to Rs 264.9 crore.</li></ul>

Ratan Tata, Nandan Nilekani's Avanti Finance reports narrower loss as revenue rises 2.3X in FY24

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