Financial Distributors Businesses Seeking Loan

The business is a debt collection agency seeking investment for expansion. Recent monthly sales have declined to RM 120,000- RM 150,000 due to trust in a family friend managing operations. However, with new hires in field recovery and management, they anticipate revenues of RM 250,000 - RM 300,000 starting next month. Last year, the agency reported a profit of RM 200,000. Key services include account recovery, skip tracing, field visits, negotiation, real-time reporting, legal action referral support, pre-collection letters, credit assessments, dispute management, and client training. We maintain a low permanent employee count, and our back office staff (14-16) are on a probationary basis.

Loan DSA business in Odisha. - The business is only recently established and has already disbursed INR 50 lakh worth of loans. - We receive a 3.5% commission on the disbursed amount from the banks and NBFCs. This commission forms our actual revenue and not the total loan disbursement. - We have only operated for the last 3 months. - Business has a Certificate of Incorporation, AoA, MoA, and GST Certificate. - We are not required to be registered under RBI or any agency because we are only loan distributors and are not a lending firm ourselves.

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.

The company specializes in providing distressed asset management resolution services for banks, non-banking financial companies (NBFCs), and microfinance institutions (MFI). - Its primary services include debt collection and money recovery. - We serve notable clients such as SMFG (Fullerton), Mercedes-Benz, Bajaj, MoneyGuard, and Epay Later. - The company has two upcoming projects in the pipeline with Ola and Tata Capital, demonstrating its potential for further growth and expansion. - Its revenue model is based on an average of 15% of the amount recovered for its clients. - The business is newly established, having been founded towards the end of last year which is the reason it has no reported sales and is currently seeking funding to support its operations and growth plans. - The owner brings valuable experience to the business, with 23 years of expertise in the banking and financial sectors, including roles at prominent institutions such as IIFL, Bandhan Bank, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank. - 10 of our employees are the managers of different teams, and these teams have a total of 10 ground staff under them. The ground staff are crucial for taking care of the operations and their heads are responsible for strategizing and guiding them. - We are confident that we can pay the interest amount of 10% on the loan since we expect to make a total of INR 2 crore by the end of the current financial year. This is because the average monthly revenue is anticipated to increase as we will have more funds to finance operating costs and hence take up more clients and increase our EBITDA.

We help corporates basically insurance companies in enhancing their sales activities. - We have around 25 employees who visit door to door to sell financial products. - We are working with SBI Life insurance, Birla Sun life insurance, Future Generali life insurance. - Revenue model: We get commission from the insurance companies for each sale.

The business combines hardware and software which it sells to all recharge shops in India. - These shops can use this technology to greatly increase their turnover. - Products are manufactured with good quality raw material and sophisticated technology in accordance with industry standards. - Owner has 15 years of experience in selling these devices. eCommerce, money transfer & utility bill payment.