Ties-up With Religare Finvest Limited to Address SME Credit Requirement

Wednesday, March 9, 2011

Religare Finvest Limited (RFL) to be a Business Partner on's Core Business Center

NEW DELHI, March 10, 2011 - Identifying the credit requirement of Indian Small and Medium Enterprises
(SMEs) in today's fast paced business scenario,, India's
largest online B2B marketplace, has partnered with Religare Finvest Limited
(RFL), lending arm & a wholly-owned subsidiary of Religare Enterprises
Limited, to extend its business support to its members. Through this, they
have announced an attractive suite of loan products to provide impetus to
small and medium entrepreneurs in the country. This strategic association
entails a solution of lending on commercial earning assets through RFL's
three lines of business i.e. SME Loans, Loans against Property and Loans on
Commercial Assets.

Speaking on the association, Mr. Dinesh Agarwal, Founder and CEO,, said, "Credit has always been an issue with the SMEs and
through this initiative, we aim to address this issue of access to finance.
We are delighted to partner with RFL and I am certain that this will
facilitate SMEs in availing better credit facilities."

Indian entrepreneurs often need the essential capital to start or expand
their business, whether it is for purchasing new equipments, marketing or for
short or long-term working capital. Addressing this need,
alongwith RFL has brought special tailor-made SME loans to be availed by all
self-employed traders, manufacturers and professionals from private or public
limited firms.

Also, given that values of commercial and residential properties are
rising, recognizes that many entrepreneurs are holding
significant value through their property assets. Loans Against Property,
structured loans that are priced to reflect the collateral of the property
behind it, offer the key to unlock that asset value for use elsewhere in the
business. also acknowledges the importance of transportation in the
development of every business and with Religare, brings Commercial Vehicle
Loans that will serve the interest of new and used three-wheel vehicles,
multi-utility vehicles, light and heavy commercial vehicles, tractor
trailers, buses and high-end cranes. also brings Religare's
Construction Equipment Loans services specifically for the purchase of new
and used construction equipment, including earth-moving machinery such as
JCBs, excavators, backhoe excavators and wheel loaders.

About is India's largest online B2B marketplace connecting
global buyers with suppliers through business directories, online product
catalogs, buy-sell offers, industry specific marketplaces, printed media and
trade shows participation.

Founded in 1996 by Mr. Dinesh Agarwal (CEO), the company has a pan-India
presence in over 100 cities. With over 3500 employees located across 71
offices in the country, offers an extensive range of
value- added products and services to its 1 million registered members and
nearly 5 million global buyers across various industries and verticals. has won numerous awards over the years and has been
widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld,
Economic Times, Financial Express, etc for its pioneering role in promoting
SME business in the country. Its existing investors include Intel Capital and
Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group.

For more information, please visit: & &

About Religare Finvest Limited

Religare Finvest Limited (RFL), a 100% subsidiary of Religare Enterprises
Limited, is registered with the Reserve Bank of India (RBI) as a Non-Banking
Finance Company (NBFC) and is presently engaged in providing Consumer
Finance, IPO Financing and Personal Financial Services. RFL is aggressively
making a name in the Financial Services arena in India. In a fast paced,
constantly changing dynamic business environment, RFL has developed a change
resilient vertically integrated value chain for delivering the most
competitive products and services.

    Media Contacts
    Pawandeep Kaur
    Manager - PR
    T: +91-120-3911000
    F: +91-120-2424943

Media Contacts: Pawandeep Kaur, Manager - PR, T: +91-120-3911000, F: +91-120-2424943, E: pr at

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