Venkata Krishna Spinners

Red Fort Capital funds ₹9.25 Cr to Venkata Krishna Spinners within five days.

Red Fort Capital truly believes in value addition and acts as a catalyst to growth of the companies we invest in. In case of Venkata Krishna Spinners, the funding will help them secure raw material contracts at a fixed price. The company had seen reduced margins in FY22 due to a sharp increase in cotton prices throughout the fiscal year. 

This timely provision of credit by Red Fort Capital will help improve margins owing to a fixed raw material price and trade discounts

Loan Amount: ₹9.25 Crores

Type of Loan: Working Capital Loan

Location: Hyderabad, Telangana

Venkata Spinners is a 26 year old public unlisted company. It has a fully automated 16000 spindle cotton mill. 

Venkata Spinners
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