Businesses Seeking Loan

Start-up company in Chennai planning to start 3D laser engraved crystal gifts. - We will set-up a shop. Individual customers will directly be able to visit and place orders. - In talks with the government, private and public sector clients to generate business. - Registered on Amazon, Snapdeal, Flipkart, IndiaMART for orders. - Promoter has more than 8 years of experience in this industry. - Company owns few inventory and equipment.

Start-up company in Chennai planning to start 3D laser engraved crystal gifts. - We will set-up a shop. Individual customers will directly be able to visit and place orders. - In talks with the government, private and public sector clients to generate business. - Registered on Amazon, Snapdeal, Flipkart, IndiaMART for orders. - Promoter has more than 8 years of experience in this industry. - Company owns few inventory and equipment.

Restaurant located in Theni is a pioneer in introducing this restaurant and café model in the district. - With a seating capacity of 32, the business has the potential for expansion to outdoor seating, allowing for potential growth and increased customer capacity. - The sales channels for the business include both offline through dine-ins and online via Zomato. - The business processes an average of 20-40 orders per day, with an average order value falling within the range of INR 1,000-3,000. - The business holds licenses from FSSAI and MSME.

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.