Red Fort Capital provided ₹ 10 crores 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 loans against 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 their 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 support local entrepreneurs and promote “Make in India” initiatives.
Loan Amount: ₹ 10 crores
Type of loan: Working Capital Loan
Location: Jalandhar, Punjab
Disbursed On: October 2021