Red Fort Capital, a prominent non-banking financial company (NBFC) with an investment-grade rating, has raised Rs 22.6 crore in debt funding, surpassing the Rs 100 crore mark in total assets. This latest round of financing highlights the firm’s robust financial standing and its commitment to addressing the credit needs of small and medium enterprises (SMEs) across India.
A significant portion of the debt, Rs 15 crore, was provided by a major Public Sector Undertaking (PSU) bank, underscoring the strong relationships Red Fort Capital has established within the banking sector. The firm has previously secured funding from the State Bank of India (SBI), India’s largest PSU lender, further solidifying its credibility.
In addition to the PSU bank funding, Red Fort Capital raised Rs 4.1 crore through non-convertible debentures (NCDs) via Foreign Portfolio Investors (FPIs) and Rs 3.5 crore from USHA Finance. This diversified pool of capital will help the company expand its lending activities, particularly focusing on bridging the financing gap for SMEs in the manufacturing, trading, and service sectors.
Red Fort Capital specializes in providing secured loans, offering flexible funding options ranging from Rs 1 crore to Rs 10 crore with a swift approval process of just seven days. The company has built a nationwide presence and plans to further scale its secured business loan offerings with this latest infusion of funds.
As the firm continues to invest in innovation, technology, and risk management, Red Fort Capital is well-positioned to attract more banking partnerships, ensuring sustainable growth in its SME lending portfolio.
