NBFC Seeking Loan in Obra, India
Nidhi company with 900+ customers and INR 1.63 crores of loans disbursed seeking growth capital.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Partnership (LLP) |
| Reported Sales | USD 100 - 200 thousand |
| Run Rate Sales | USD 123 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | NBFC |
| Locations | Obra |
| Local Time | 10:15 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
112 thousand
for
18.0%
annual interest,
3
years
(Native Currency: INR 10,000,000)
Reason: The funds will be used to expand the loan book and to meet market demand.
Collateral Available: USD 112 thousand
Includes physical assets worth
USD
8.4 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Certificate of Incorporation
(225.3 KB)
Dashboard
(57.9 KB)
Loan Accounts
(57.3 KB)
Deposit Loan
(52.6 KB)
Deposit Schemes
(88.5 KB)
Recurring Deposit Schemes
(87.0 KB)
Daily Deposit Schemes
(78.8 KB)
Company PAN
(227.7 KB)
Company TAN
(355.6 KB)
ROC-Verification.pdf
(60.8 KB)
Business Overview
- Nidhi company operating in Obra.
- We offer savings and loan products.
- Have 900+ depositors who have savings accounts with us.
- We currently sign up 30 new accounts every month.
- Offer 6% interest for saving accounts and 9 - 12.5% for recurring deposit and fixed deposit accounts.
- We have over INR 1 crore of deposits in our accounts which is undeployed.
- We primarily offer secured loans of small ticket sizes at an annual interest rate of 15.95% to individuals.
- Offer loans up to 3 times of the deposit amount to businesses at an annual interest rate of 16.6%
- Offer short-term working capital loans at an interest rate of 20%
- The current loan book is valued at INR 1.63 crores and consists of more than 830 loans.
- The loan recovery rate is 80 to 85% and has been impacted by the pandemic.
- We have more than 30 freelance sales executives who sell our financial products and are compensated with commissions.
- We also have several clients in the Sonbhadra district of Uttar Pradesh.
- The business is debt free and is run by a promoter with 10+ years of lending experience.
- We offer savings and loan products.
- Have 900+ depositors who have savings accounts with us.
- We currently sign up 30 new accounts every month.
- Offer 6% interest for saving accounts and 9 - 12.5% for recurring deposit and fixed deposit accounts.
- We have over INR 1 crore of deposits in our accounts which is undeployed.
- We primarily offer secured loans of small ticket sizes at an annual interest rate of 15.95% to individuals.
- Offer loans up to 3 times of the deposit amount to businesses at an annual interest rate of 16.6%
- Offer short-term working capital loans at an interest rate of 20%
- The current loan book is valued at INR 1.63 crores and consists of more than 830 loans.
- The loan recovery rate is 80 to 85% and has been impacted by the pandemic.
- We have more than 30 freelance sales executives who sell our financial products and are compensated with commissions.
- We also have several clients in the Sonbhadra district of Uttar Pradesh.
- The business is debt free and is run by a promoter with 10+ years of lending experience.
Products & Services Overview
Financial products including saving accounts, recurring deposits, fixed deposits, daily deposit accounts, personal loan, business loan, and group loan.
Assets Overview
Furniture, computers, printers, CCTV systems, fans, television systems, almirah, air-conditioners, scooters, motorcycles, generator, solar power systems etc.
Facilities Overview
Leased main office in Obra. This is a co-working space where we occupy 2,500 sq. ft. and pay a monthly rent of INR 20,000. We have 2 other branch offices in the Sonbhadra district. Each spans 1,000 sq. ft. and we pay a monthly rent of INR 10,000 for each location.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysPartner, Legal Consulting, Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysManaging Director, Mumbai, Financial Advisor connected with the Business
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