Businesses Seeking Loan

We have started this organization, in order to provide the best microfinance services to cater for the financial needs (under the JLG/individual model) of the underprivileged & unbanked section of our society. - Currently, we are working as an 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). - Established in the middle of last year, but started our operation as an NPA recovery partner from December onward & as a BC partner 6 months ago. - Presently we are having a tie-up with Arthmate Financing India Private Limited for Jharkhand & Odisha states for MSME loans. Right now, we have two branches with Arthmate. These are at Ranchi & Pakur. - We need to open 15 more branches at the mentioned two states to provide services of Arthmate. Currently, we are having AUM (Asset Under Management) of INR 0.17 Cr with Arthmate. We have recently started working as BC partners for JLG loans of Avanti Finance (a TATA group company). Initially, Avanti has allowed us for three districts of Jharkhand. These are East Signbhum, West Singhbhum & Seraikela Kharsawan. They have allocated three more districts (Gumla, Khunti & Pakur) of Jharkhand. We are going to open 5 more branches with Avanti within this month. Based on their initial allocation, we have opened 6 branches in the mentioned geography, these are Seraikela, Chandil, Hata, Chaibasa, Chakradharpur & Jagannathpur. As of now, we have having AUM of INR 6.86 Cr with Avanti Finance. - Revenue model: We get paid on a profit-sharing basis from the interest collected. The NBFCs charge a 27% interest of which we get half of the interest received. - Most of our branches were recently opened and we now have 10 different branches with a total of 64 employees. Most of the staff are customer service officers and are overseen by the branch managers. - Being a Core team member & key managerial person (KMP) of this organization, the promoter has over a decade of sound experience from different NBFC-MFIs, across the country. - Our other core team members also have 12 to 15 years of average experience in the Financial Sector. We are going to be associated with a few more organizations (like Arohan, Annapurna, Samunnati etc) soon. - We are following 100% cashless collection & triple level verification before disbursement. Considering the situation, to enhance our business and open new branches across the country, we need at least a working capital of Rs- 1.5 Cr- 2 Cr.

Engaged in delivering comprehensive MEPC (Mechanical, Electrical, Plumbing, and Civil) turnkey projects, including building construction, railway infrastructure, and electrical works, covering a wide range of industrial and infrastructure developments. - Civil construction serves as the primary source of revenue, specializing in high-quality civil works across various sectors. - Expertise in building projects including residential, commercial, and industrial structures, with a focus on innovative, sustainable, and timely construction solutions. - Significant experience in railway infrastructure projects, delivering complex and large-scale developments with a focus on safety, reliability, and efficiency. - Capabilities extend to pipeline projects, managing water, gas, and other utility pipelines while adhering to industry standards and timelines. - Excelling in electrical projects by offering comprehensive electrical solutions, including installations, maintenance, and energy-efficient systems for industrial and commercial sectors. - Currently managing 23 ongoing projects, reflecting a robust pipeline and consistent delivery of results. - Able to meet challenging project timelines, with an average completion period of 6 months from initiation to delivery. - Serving both private and government sectors with a pan-India presence, demonstrating the ability to operate on a national scale as a trusted partner in infrastructure development. - Leveraging over 7 years of promoter industry experience, offering a wealth of knowledge, technical expertise, and a proven track record of successful project execution. - Fully licensed and compliant with all regulatory standards, holding both CIN and GST certifications to ensure transparency and adherence to legal requirements.

Plans are in progress to acquire a new estate for hotel development. We have submitted an offer at the agreed price between both parties and awaiting a legal response. The company was initially setup as Fort Sanctum, we wish to retain the name of the estate and we will rename accordingly. The hotel is expected to begin operations by December of next year. It will offer around 28 guest rooms and 20 lodges.