Red Fort Capital funded AMCL to expand further into rural and semi-urban areas. The Wholesale Financing was to help support the growth of Automotive credit in the state of Punjab, Haryana & Rajasthan, specially with the Electric Vehicle (EV) revolution.
Loan Amount: ₹ 10 crores
Type of loan: Working Capital Loan
Location: Jalandhar, Punjab
Amrit Malwa Capital Limited (AMCL) is a market leader in two wheeler financing, with an experience of over 35 years. They have in total 24 branches across Punjab, Himachal Pradesh and Rajasthan with more than 800 active dealers and 62,000+ active borrowers.