Financial Services Co Raising Funds In Ranchi
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Product / Service
Providing best microfinance services to cater the financial needs (under JLG/individual model) of the underprivileged & non banked sections of society.
Services include NPA collection, micro financial access, banking collaborator, individual loan.
Clientele type
The business currently serves over 3,500 JLG loan members across its 13 branches.
Premises
LEASED
Lease per month (in INR): 25.00 K
Security Deposit (in INR): 50.00 K
Carpet Area: 4,500 sq ft
The premise is on lease and is located in Ranchi, Jharkhand.
Asking Price Includes
Terms of the transaction will be discussed with the potential investors.
Asking Price
INR 2.00 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The promoter is raising funds for business expansion
Other Details
Incorporated in June 2023.
Currently, working as NPA recovery partner of four reputed NBFCs (Hinduja, Muthoot, Reliance Capital & Chola) for Jharkhand, Bihar & West Bengal states and BC (Business Correspondent) partner for MSME & JLG business with three reputed NBFCs (Arthmate Financing India, Avanti Finance & Clix Capital).
Started operating as NPA recovery partner from Dec 2023 and as a BC partner from April 2024 onwards.
Presently has a tie-up with loan provider for providing MSME loans in the states of Jharkhand and Odisha. Currently, the organization operates two branches in collaboration with Arthmate, located in Ranchi and Pakur. To expand its services with Arthmate, it plans to open 15 additional branches across the two states. At present, the Asset Under Management (AUM) with Arthmate stands at ₹0.17 crore.
Since June 2024, the organization has been working as a Business Correspondent (BC) partner for Avanti Finance, a Tata Group company, focusing on Joint Liability Group (JLG) loans.
Recently, entered into an agreement with Clix Capital for MSME loan.
The organization’s core team comprises members with 12 to 15 years of experience in the financial sector, including NBFC-MFIs, across the country. The Key Managerial Person (KMP) and core team members bring over a decade of expertise to the business. Furthermore, the organization has adopted a 100% cashless collection system and a triple-level verification process before loan disbursement to ensure operational efficiency and risk mitigation.
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₹10 to ₹200 Cr
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