SUMMARY
- Red Fort Capital raises ₹22.6 crore in debt funding, exceeding ₹100 crore in assets.
- Funding includes ₹15 crore from a major PSU bank and additional amounts from NCDs and USHA Finance.
- The company aims to bridge the credit gap for SMEs with secured loans of ₹1 crore to ₹10 crore.
Red Fort Capital, an investment-grade non-banking financial company (NBFC), has successfully raised ₹22.6 crore in debt funding, marking a significant milestone by surpassing ₹100 crore in total assets. This funding round includes ₹15 crore from a prominent Public Sector Undertaking (PSU) bank, reinforcing Red Fort’s established relationship with major financial institutions.
Previously, Red Fort Capital secured financing from the State Bank of India, the country’s largest PSU lender. In addition to this, the firm raised ₹4.1 crore through non-convertible debentures (NCDs) from Foreign Portfolio Investors (FPI) and ₹3.5 crore from USHA Finance. This diverse funding strategy is set to accelerate Red Fort Capital’s mission to bridge the credit gap for small and medium enterprises (SMEs) across India.
Red Fort Capital specializes in providing secured loans tailored for businesses, offering flexible funding options ranging from ₹1 crore to ₹10 crore with a rapid turnaround time of just 7 days. With a nationwide presence, the company aims to enhance its secured business loan offerings across various sectors, including manufacturing, trading, and services.
By focusing on innovation, technology, and effective risk management, Red Fort Capital is well-positioned to attract additional banking partnerships, which are crucial for its ongoing growth and expansion.
