Newly Established Personal Loans Business Investment Opportunity in Pune, India

Gold loan company with 95% recovery rate and run by a promoter with 10+ years industry experience.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 600 thousand
EBITDA Margin
8 %
Industries
Locations
Local Time
5:15 PM Pune
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 400 thousand for 40.0% stake (Native Currency: INR 30,000,000)
Reason: Highly cash and capital intensive business and since we have been growing rapidly we require funding... View More
Includes physical assets worth USD 350 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- We are a gold loan company that does loan disbursement of about INR 35 lakh per month.

- Provide loans for upto 70% of the value of the gold provided and have a total principle outstanding of INR 4 crore.

- We have friendly relationships with Pune branches of IIFL gold loan, Shriram Finances and Rupeek gold loan. We provide funds among each other and the company restructures some loans as well.

- Our business has been growing rapidly and we have given out more than double the loans this year compared to the last year.

- Company has high rate of recovery on loans given out which stands at 95% presently.

- Promoter has over 13 years of experience working in the field of lending and gold loans.

- Company's physical assets include office, land bought nearby and furnishings.

Products & Services Overview

Providing gold loan at ROI from 1.2% to 2.25 %.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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