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Intec Capital forays into Southern Markets

Tags: Intec Capital, Sanjeev Goel, SME, Chennai, NBFC, financing

July 04, 2012 | COMMENTS ( 0 )

Intec Capital forays into Southern Markets

Intec Capital Limited, one of the leading Non-Banking Financial Company catering to the machinery financing requirements of SMEs, is foraying into Southern Markets to strengthen its presence in India.

Intec Capital Limited is all set to embark on this journey by opening up a branch in Chennai followed by branch openings at Coimbatore and Bengaluru. At present, Intec Capital Limited serves its wide customer base from 12 Branches catering to 125 strategic SME Industrial locations in India and is planning to open 10 more branches in the current fiscal year to mark rapid growth of the company and have a national presence.

The company has been offering innovative and customer-friendly financial solutions across various sectors such as Auto & Engineering, Printing & Packaging, Plastic & Injection Molding, Medical, Healthcare & Pharmaceuticals, and Food Processing. Through its unique business proposition, the company grants in-principal approval of credit within 72 hours of meeting with the customers, where only machinery acts as a collateral. The company is also funding the machinery requirements of first generation entrepreneurs along with financing the refurbished machineries of standard make for the SMEs.

Speaking on the occasion, Sanjeev Goel, Managing Director, Intec Capital Limited, said, “We already have our presence in Northern and Western parts of the country and recognize that Southern regions are very critical to our growth. This new branch coming in Chennai will help us address the growing finance needs of SMEs in the region. We are also keen to establish and enhance our business associations with leading machinery manufacturers of Southern Region.”

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