Hyderabad-based Caspian Debt adds nine new SMEs to its portfolio
Hyderabad: Caspian Debt, a Hyderabad-based debt fund provider to startups and social enterprises, has disbursed loans ranging from Rs 50 lakh to Rs 5 crore and expanded its portfolio by adding nine new SMEs from sectors such as food and agriculture, education and skill development, clean energy, healthcare, and general impact sectors during April- October […]
Hyderabad: Caspian Debt, a Hyderabad-based debt fund provider to startups and social enterprises, has disbursed loans ranging from Rs 50 lakh to Rs 5 crore and expanded its portfolio by adding nine new SMEs from sectors such as food and agriculture, education and skill development, clean energy, healthcare, and general impact sectors during April- October 2021.
Chakr Innovation, Payagri Innovations, Retas Enviro, Eggoz, Varcas Automobiles, Samosa Singh, Sevamob Ventures, Hesa Enterprises and Process Nine Technologies are the new companies added to the company’s SME portfolio. The funds will help the recipients manage their working capital cycle, procure raw materials, and strengthen supply chains.
Caspian Debt is a multi-sector debt funding firm which provides tailored debt to professionally managed small and mid-market transformational firms.
Avishek Gupta, head, Caspian Debt said, “While most businesses are still recovering from the pandemic, we believe that there is enormous scope for growth in the SME sector. We continue to hold a long-term view and believe that MSMEs are the growth and development engines of the Indian economy.”
The pandemic enforced lockdown in 2020 had a direct impact on the SME sector, which faced several challenges with logistics, supply chain disruptions, stalled projects in the execution stage, and delays in collection of receivables. However, by the end of the fiscal, 16 out of 54 SMEs in the Caspian Debt’s portfolio reported a positive median sales growth of six per cent, demonstrating their recovery and resilience.
Caspian Debt is enrolled as a member lending institution with the National Credit Guarantee Trust Company (NCGTC) to provide loans under the Emergency Credit Line Guarantee Scheme (ECLGS) of the Government of India to help their SME clients.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .