Religare partners with Franchise India, launches "Franchisee Power"
A unique first to offer customized franchisee loans.
- (1888PressRelease) December 11, 2014 - New Delhi - Religare Finvest Limited (RFL), the SME-focused lending arm of diversified financial services group, Religare Enterprises Limited (REL), has entered into an exclusive partnership with Franchise India, Asia's largest integrated franchise solution company. In a first of its kind initiative in the country, Religare will offer tailor-made loans to small businesses and franchises to bridge gaps in their working capital requirement.
Frachisee Power will be marketed through Franchise India's country wide network spread across over 230 cities in India, traditional FranMatch programs and other outreach programs that will tap potential and existing franchisees. Currently, India has 3,750 franchise brands and the franchising industry is projected to generate 11 million employment opportunities by 2017. The country is also the second most attractive destination globally for franchisors among 30 emerging markets.
Commenting on the development, Mr. Kavi Arora, Managing Director and Chief Executive Officer, Religare Finvest Ltd said, "We are pleased to partner with Franchise India to address the growth capital requirement of franchisees. They are the backbone of the retail ecosystem and form a significant chunk of the entire service sector network in the country. The franchisees today have ongoing capital needs for expanding or setting up their businesses and we are more than happy to step in as their preferred partners to fuel their entrepreneurial growth journey".
Mr. Gaurav Marya, Chairman, Franchise India Holdings Ltd. said, "The country's franchise industry is very promising and is expected to reach a size of $35 billion by 2020 from $24 billion now. It is thus paramount to solve their working capital needs of both existing and prospective franchise owners. We have truly been the flag bearers in this space and are happy to have partnered with a premier market leading lender like Religare Finvest to help bridge this gap. We will be marketing this offering through our existing network and several other initiatives in the months to come".
About Religare Finvest Ltd.
Religare Finvest Limited (RFL), a subsidiary of Religare Enterprises Limited (REL), is a Small and Medium Enterprise (SME) financing focused Non-Banking Finance Company (NBFC) providing debt capital to power the growth of the SME's which constitute the backbone of India's economy. At RFL we have developed a unique mix of product offerings that aim to solve various financing needs both for long term and short term requirements. We offer both 'Secured' and 'Unsecured' loans', for the self-employed, with a proven business model and who aspire to raise capital for expansion. As we embark on our journey to scale greater heights, we are constantly innovating our product mix to capture unexplored market spaces within our target segment.
Our lending solutions include:
SME loans against property, SME Working Capital Loans, Short Term Trade Finance.
The Company also runs a retail capital markets financing business which includes Loan against Marketable Securities.
RFL is a true "growth capital " provider and we understand that each financial need is unique and hence offer customized solutions empowering our customers to further prosper in their entrepreneurial journey.
About Franchise India Holdings Limited
Franchise India Holdings Limited is Asia's largest integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL has helped hundreds of investors in selecting the right franchise and, in turn, assisted numerous organizations in international and domestic franchise expansion. Knowledge, Opportunity, Network and Success are FIHL's key ingredients.
For further information, please contact:
Kushal Khosla
Fortuna PR
kushal ( @ ) fortunapr dot in
M: +91 9891865029
Roshni Rohira
Fortuna PR
roshni ( @ ) fortunapr dot in
M: +91 9769383310
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