Personal Loans Company Investment Opportunity in Madurai, India

Newly licensed Nidhi company, seeking funds to start operations and setup offices in Chennai.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales Nil
EBITDA Margin Nil
Industries Personal Loans
Locations  Madurai
Local Time 9:42 AM Bangalore
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Investment
USD 700 thousand for 20.0% stake (Native Currency: INR 50,000,000)
Reason: Want to establish branches in Madurai belt and Chennai.
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- We are a newly established Nidhi company, with license to provide mortgage and personal loan.

- Have 32 members who have actively invested in the company, through which we are able to provide loans.

- Company provides loans starting from 1 to 25 lakh INR, with a minimum tenure of 6 months to 5 years.

- We have provided loans to 80 customers, who are individuals as well as businesses. We give out loan only through member's references and post KYC.

- Our promoters and core members have more than 20 years of experience in banking sector.

- Looking forward to expand our customer base by setting up more branches in towns of Madurai belt and setup operations in Chennai as well.

Products & Services Overview

Mortgage and Personal Loan.

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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