Case Study - 05

Industry

NBFC

Activity

Auto Finance Services

[Finance & Refinance - Cars, CV, Construction Equipment, Buses, Used Vehicles, Tractors]

About the Company

The company is primarily involved in financing Commercial Vehicles (CVs) in the new and used vehicle segments. The company provides financing for cars, commercial vehicles, construction equipment, used vehicles, tractors, and buses. As a leader in auto finance services for more than 30 years, it is a dynamic non- banking finance company led by a team of specialists with a proven track record.

Challenges Faced by the Company

The company was facing the challenge of inducting a banking partner in the system for their business growth.

Transaction Target

To onboard banking channels without any collateral security, PG/CG.

VGro Assignment

To raise funds without collateral and PGs.

Result

VGRO made a ice break by inducting two lenders: one private and the other a PSU lender. Within a short span, VGRO was able to complete the transaction with both lenders and avail the limits of ₹25 crore simultaneously.

Summary of the Transaction

VGro helped a 40+ year-old NBFC to resolve the overdue/security issues and avail facilities from both private and PSU bankers. The AUM of the NBFC has grown from ₹48+ crore to ₹100+ crore in a short span of time.

Case Study