Religare Finvest Partners With to Offer Financing Solution to SMEs

Thursday, March 17, 2011

Religare Finvest Limited (RFL) to Bring Innovative Loan Services for SMEs

NEW DELHI, March 18, 2011 - Addressing the credit requirement of Indian Small and Medium Enterprises
(SMEs), Religare Finvest Limited (RFL), lending arm & wholly owned subsidiary
of Religare Enterprises Limited, has partnered with, India's
largest online B2B marketplace, to offer business loan solutions to small
businesses. With a view to provide credit support to small entrepreneurs,
they have announced a host of loan products which will cater to the need of
SMEs' finance. This significant partnership offers 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.

Emphasising on the importance of the tie-up, Mr. Dinesh Agarwal, Founder
and CEO,, said, "SMEs have always faced issues when it comes to
financing. With this partnership, we aim to facilitate them with better
financing options. We are delighted to associate with RFL and I am sure this
will write a new chapter in credit financing for SMEs in the country."

Commenting on the association, Religare spokesperson said, "SMEs
contribution to India's GDP is well known. Religare would like to partner
with all SMEs in their relentless growth by providing innovative, fast and
flexible financial solutions. India Mart is a great platform which helps SMEs
engage with organizations like Religare in accomplishing their success story.
We are confident this confluence will deliver great results."

A start-up or expansion of a business require capital either for the
purchase of new equipments, marketing or for short or long-term working
capital. Identifying this need, RFL alongwith, introduced
tailor-made SME loans that can be availed by all self-employed traders,
manufacturers and professionals from private or public limited firms.

As the values of commercial and residential properties are on the rise,
RFL acknowledges that a number of SMEs have significant value in their
property assets. Through Loans Against Property, structures loans that are
priced to reflect the collateral of the property behind it, businesses can
use the value of the asset in other business ventures.

RFL is also cognizant of the need to have a proper developed
transportation system for a business and for this, both RFL and, has come up with Commercial Vehicle Loans for new and used
three-wheel vehicles, multi-utility vehicles, light and heavy commercial
vehicles, tractor trailers, buses and high-end cranes. RFL also offers
Religare's Construction Equipment Loans. SMEs can leverage these services 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.

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    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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