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Government Promoted Indian NBFC
Transaction Type:
Private Equity
Country:
India
Employment:
Less than 25
Jobs Saved:
N/A
Industry:
BFSI
Sector:
Financial Services
Business Description:
It is an innovative Fintech driven NBFC promoted by the Government of Telangana to Revive and Rehabilitate sick micro and small manufacturing enterprises in the state of Telangana. It is involved in guiding, mentor and supporting manufacturing entrepreneurs to success and also offers special schemes for women entrepreneurs. It is the first Co-financing NBFC which provides margin money facility up to 20% of the project costs. The company is partnered with Microsoft and launched a digital platform for stressed MSME enterprises. A strong pipeline of clients, with plans to increase client base from 200 in FY19 to 600 by FY22 (New clients).
Product Description:
The company has following unique products to offer to MSEs in the state of Telangana: 1. Credit Facilitation – Co-Lending- Margin Loans 2. Special Schemes for Women Entrepreneurs 3. Revival and Rehabilitation - Margin Loans 4. Critical Asset Financing (CAF) 5. Stressed Asset Financing (SAF)
State:
Telangana
Business Type:
Financial
Experience:
0-5 Years
Employee:
Less than 25
Verified By:
N/A
Revenue (US$ m):
US$ 0.0 M - US$ 5.0 M
Opportunity Detail:
Private Equity
Type of Transaction
Investment Seeker
Industry
BFSI
Sector
Financial Services
Country
N/A
Investment Size
US$ 15m
Description
The company is looking to raise the debt and / or equity subject to the discussion with the investor. The company would further be getting an equity infusion from the central government in FY20, of about US$ 1.42Mn.
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