Wednesday, April 24, 2024
Outlook.com
Outlook India
Outlook Business

Parry Singh

The G20’s initiatives can be the lynchpin that not only uplifts the MSME sector but also contributes to the formalisation of India’s broader economy

These funds will support the company’s mission to provide quick business loans to MSMEs and expand its loan book

The investment will help Kanjiravelil Traders Private Limited expand its operations, increase its market share and invest in machinery to produce high-quality nutmeg for the domestic and international markets

Established by Parry Singh, Red Fort Capital Finance is an RBI-registered investment-grade NBFC(non-banking financial corporation) that claims to provide quick business loans to micro, small, and medium enterprises

Red Fort Capital aims to use the funds for onward lending to the country’s MSMEs over a Rs 40 trillion credit opportunity

Evocus to use the funds for global expansion. Funds were disbursed in just 7 days