Loan Amount: ₹ 100 million
Type of loan: Working Capital Loan
Location: Jalandhar, Punjab
Disbursed On: October 2021
Amrit Malwa Capital Limited
Red Fort Capital provided ₹ 100 million in wholesale financing to Amrit Malwa Capital Limited, a market leader in two-wheeler financing, with a focus on expanding its presence in rural and semi-urban areas of Punjab, Haryana, and Rajasthan. The funding will help support the growth of automotive credit, particularly in the EV (Electric Vehicle) revolution.
Established in 1987, Amrit Malwa Capital Limited has over 30 branches spread across Punjab, Himachal Pradesh, and Rajasthan. They have more than 800 active dealers and over 70,000 active borrowers. In addition to two-wheeler financing, they provide loans against four-wheelers, E-rickshaws, E-bikes, and loan property. As of disbursement, their Assets Under Management (AUM) stood at around INR 300 crores.
The funding from Red Fort Capital will help Amrit Malwa Capital Limited to expand its loan portfolio and provide financing options to a wider range of customers in the EV space. This partnership exemplifies Red Fort Capital’s commitment to supporting local entrepreneurs and promoting “Make in India” initiatives.