Loan Amount: ₹80 million
Type of loan: Working Capital Loan
Location: Jaipur, Rajasthan
Disbursed on: May 2022
New Jai Shankar Transport
Red Fort Capital working capital finances ₹80 million to New Jai Shankar Transport Company to service a new contract. New Jai Shankar Transport is a long-standing player in the transportation industry. Despite having worked with multiple lenders in the past, the company could only meet its time-sensitive requirement through Red Fort Capital’s efficient service.
With the loan, the company was able to generate an additional monthly turnover of ₹4 crores, boosting its revenue significantly. New Jai Shankar Transport has been a trusted partner for India’s leading Cement, Zinc, Steel, and Petro-chemical industry leaders for over 35 years, servicing clients such as Wonder Cement, Reliance India Limited, Hindustan Zinc, Vedanta Steel, and Binani Cement.
The company operates a fleet of more than 800 heavy vehicles, spread across itself and its sister companies Rajasthan Logistics Private Limited and Saktopya Logistics Private Limited. With an outstanding loan of over ₹100 crores, the entire amount being financed against trucks, the working capital loan provided by Red Fort Capital was a much-needed addition.
Working capital loans offer businesses a cheaper alternative to trade credit, enabling them to seize new opportunities and increase their topline. Red Fort Capital has consistently provided business loans within 7 to 10 working days to deserving borrowers. Apply for a working capital loan here to avail of the same efficient service.