Federation of India Asset Financiers Association (FIAFA) has been in existence since 1972 and is an apex body of 27 regional associations spread across all the states except Jharkhand, Bihar and Orissa which has more than 10000 Big, Medium and small Non-Banking Finance Companies (NBFCs), Proprietorship Concerns and Partnership firms as members. Combined investment of our members is more than 3.5 Lakh Crores. FIAFA is the largest representative body for assets financiers in India, nurturing the interest of Automobiles / assets financiers across the length and breadth of the country.
Predominantly, FIAFA fosters unity, assists members in developing healthy trade practices and promotes a spirit of cooperation and goodwill amongst them. It interfaces with Government, both Central and State on policy issues and interacts with Governmental Authorities to promote issues for the healthy growth of the Industry. It represents all national and local bodies and is, thus, able to pro actively convey industry view points as also communicate and debate issues relating to public and private partnership to economic development.
The Asset finance industry is an important segment of financial services sector of the country and has played a key role in the development of road transport industry. They extend financial assistance to small transport operators throughout the nook and corner of the country.
The Federation has been holding national conventions at different regions of the country for the benefit of members who meet and exchange views and participate in deliberations. This is the only apex body in India which is represented by leading, medium and small Asset finance companies, both unincorporated bodies and corporate bodies.