Loan Amount: ₹17.5 million

Use of Capital: Purchasing Raw Material

Location: Pune, Maharashtra

Olive Industries

Red Fort Capital has funded a sum of ₹17.5 million as a working capital loan to Olive industries based in Pune, Maharashtra. The funding will help Olive industries to purchase raw material for completion of work orders.

Established in 1942, Olive Group of Industries has transformed from a locally based business into a sophisticated growth-oriented organization that supplies to key markets to produce customized manufacturing solutions to meet the specific needs of end customers.

Olive group is in different manufacturing industries viz. Auto Industry, Agro Industry and Food Industry. Olive group’s Auto Industry includes manufacturing of Press components, CNC components Welding & Fabrication etc. The Agro Industry consist of manufacturing & supplying agro based products wherein its comprehensive range comprises items like Green House / Poly House Gutters and household fabrication and erection items whereas the Food Industry includes manufacturing of Wheat flour, Rice flour, Gram flour etc.

With Red Fort Capital’s financial assistance Olive Industries working capital needs will be met. Furthermore, the company plans to complete the work orders received from clients such as Badve Engineering (to suffice the requirement for parts used by Jaguar), Anandji Haridas (nuts required for Mahindras), Raptech (to meet the need of Hub plates). In addition, the loan will help the company to expand its market share all over Maharashtra and establish a stronger market presence.