Press Releases2014

Jul 09, 2014
Essel Finance starts SME lending business

Essel Finance, the financial services arm of Subhash Chandra promoted Essel Group, announced today the official launch of the SME financing business through its newly established non-banking financial company (NBFC) - Essel Finance Business Loans Ltd. The company with its highly specialized financial solutions that focus on micro entrepreneurs and small and mid-segment growth oriented enterprises is aimed at becoming one of the leading players in micro, small and medium enterprise (MSME) lending sector.

In a ceremonial opening to mark the start of business, Mr.Subodh Kumar, Chairman, Essel Finance, handed over two of the first cheques to the borrowers in the presence of Amitabh Chaturvedi, Managing Director, Essel Finance and Sandeep Wirkhare, CEO, Essel Finance Business Loans Ltd.

“Given the positive momentum in the economy, our official launch couldn't come at a better time. This marks addition of a third line of business to our already up and running private equity real estate (PERE) and Investment Banking business units. This is a positive step forward and brings us closer to our vision of becoming one of India's leading financial services conglomerate over the next few years”, said Amitabh Chaturvedi, Managing Director, Essel Finance.

“With India turning the corner, SME sector is expected to play a very important role in the Indian growth story. And, I am confident that in the days to come, Essel Finance, through its innovative products and focused approach, will position itself as a reliable partner for its clients and a significant player for the market”, he continued.

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