Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-04-11

India Factoring to boost SMEs across Maharashtra

Aiming for expansion across Maharashtra, factoring major, India Factoring & Finance Solutions Pvt Ltd, a joint venture of the state-owned Punjab National Bank (PNB), along with Malta-based FIM Bank Group, Italy- based Banca IFIS, and Blend Financial Servi

India Factoring to boost SMEs across Maharashtra

Aiming for expansion across Maharashtra, factoring major, India Factoring & Finance Solutions Pvt Ltd, a joint venture of the state-owned Punjab National Bank (PNB), along with Malta-based FIM Bank Group, Italy- based Banca IFIS, and Blend Financial Services, Mumbai has decided to provide factoring services in cities like Pune, Nashik, Nagpur, Aurangabad etc for entrepreneurs, small and medium enterprises (SMEs) and small-scale industries (SSIs) to provide much needed liquidity for their business which is not linked to their balance sheet.

Factoring is a financial transaction where a business sells his accounts receivables (AR) or bills to a third party called ‘factor', which undertakes the activity of financing the receivables, administrating the debt and collection of the same.

In line to this growth plan, Sudeb Sarbadhikary, CEO of India Factoring said, “with its changing SMEs and SSIs environment, Maharashtra has a gigantic potential to grow small and medium enterprises and small-scale industries and there is a need for factoring and other trade finance services to support them.”

In the present economic scenario, India Factoring is facilitating financial solutions to more than 200 SMEs and SSIs out of its seven offices based out of Delhi, Mumbai, Chennai, Bangalore, Kolkata, Ahmedabad and Hyderabad. This extension will help state SMEs and SSIs to manufacture more products where India factoring will scrutinise the factoring requirement of SMEs and SSIs and address the needs of the small scale entrepreneurs in the region.

Related opportunities
  • HR & Recruitment
    About Us: Jobjabs is the pioneer of organized recruitment services in..
    Locations looking for expansion Uttar pradesh
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • About Us: At DogSpa we love to spoil, treat and pamper..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Preschools
    About Us: Innocent Times are running a preschool from Pg to..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Plumbing, Sanitary Ware And Bathroom Fittings
    About Us: Swachhpro was founded in March 2017 in Louisville, Kentucky,..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Bengaluru Karnataka
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads