Loan Amount: ₹65 million
Use of Capital: Complete big work orders
Location: Mumbai, Maharashtra
Ind-Agiv Commerce Limited
Red Fort Capital Finance has provided a working capital loan of Rs. 65 million to Ind-Agiv Commerce Limited, a BSE-listed company based in Mumbai, Maharashtra. The company will utilize the loan as working capital for its ICT-Audio-Video System integration and Broad Cast, Aerosol spray paint, and Facility Management equipment business.
Ind-Agiv Commerce Limited has been a significant player in the business of ICT-Audio-Video System Integration, specializing in designing and integrating solutions for E-Class rooms, Auditoriums, Real-Estate Malls, Smart Cities, Smart Homes, Museums, special public utility Places, Conference rooms, Training rooms, etc. They have already demonstrated their capabilities by completing prestigious projects for various Major institutes like IITs, IIMs, and Airports. Within Maharashtra, they have commissioned these systems for Phoenix Mall, Maker Max City drive-in theatres, Aquatic Gallery, etc.
With the funds provided by Red Fort Capital Finance, Ind-Agiv Commerce Limited plans to take on larger work orders and expand its Aerosol spray paint business in India exponentially. The loan will provide financial support to execute projects and enable them to invest in growth opportunities. This move will allow the company to expand its market share and establish a more substantial presence in the industry.