Swiss impact investor responsAbility Investments AG signed a $15 million funding deal with non-bank lender Electronica Finance to promote green financing in India in line with its sustainability goal. The Pune-headquartered non-banking finance company, which is a part of the SRP Electronica group, would use the funding for financing energy efficient machines and promoting rooftop solar installation

Swiss impact investor signs deal with Electronica Finance

FL is looking forward to offering its Loan Against Property product in Telangana, after already offering in Gujarat, Rajasthan and Madhya Pradesh markets. Electronica Finance Ltd (EFL), a Pune-based non-banking financial company (NBFC) specialising in financing MSMEs, entered into Telangana market by opening seven branches in Warangal and Suryapet. The company aims to cater to the aspirations of small businesses in Telangana by offering seamless credit facility in the most transparent manner.

Electronica Finance enters Telangana market to extend loans to MSMEs

EFL caters to the MSME & SME segment, which mostly comprise proprietorship/partnership firms with limited  access to formal sources of lending. However, the company has been operational in this space for over 28 years and the management has good knowledge of the industries they are operating in.

The portfolio is prone to asset quality challenges on account of lending to  small and medium industrial units  that are susceptible to economic shocks. The SME segment, EFL’s key business segment, was impacted by demonetisation in FY2017  and GST implementation in FY2018.

Shilpa Pophale, MD & CEO

EFL has a vintage of around three decades in the machine equipment financing segment, backed by the promoter’s experience of over five decades in the manufacturing and trading of equipment and machine tools. This gives the company a competitive advantage in terms of critical know-how, including a machine’s usability and resale ability.

EFL’s established presence in MF has strengthened its sourcing, underwriting, monitoring and recovery strategies. The company’s lending is based on the cash flow assessment of MSMEs. Moreover, with its extensive expertise.

EFL’s vintage has enabled it to raise funds from diversified sources i.e. public sector banks, private sector banks, foreign portfolio investors, development financial institutions, along with large NBFCs.

12.90%Electronica Finance Limited 26 Sept 2029

ISIN:

INE612U08058

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Subordinated Tier 2

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Electronica Finance Limited

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Swiss impact investor signs deal with Electronica Finance

Electronica Finance enters Telangana market to extend loans to MSMEs

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