BENGALURU, August 30, 2017 /PRNewswire/ --
Vistaar Finance, the Bengaluru-based NBFC with specialisation in the MSME segment, has launched a new product to serve the small vendors of mid-level manufacturing companies in the industrial towns of Bengaluru, Chennai, Pune, Ahmedabad and NCR. In alignment with the 'Make in India' efforts of the government, the product aims to provide working capital funding to manufacturers and their vendors in competitive pricing and faster turnaround time.
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Within three months of the launch of the product, the company has been able to create a healthy portfolio of INR 20 Crore in the product spread across different sectors like food, electrical components, and OEMs. The product has been well received by the vendors and the anchors alike.
Vistaar has also tied up with India's largest e-commerce platform in the B2B Segment, mjunction (http://www.mjunction.in) in order to serve its small purchasers on the e-auction platform. The partnership is designed to augment the services of mjunction to its customers and also provide a healthy mix of portfolio for Vistaar in the MSME segment.
About Vistaar Finance
Vistaar Financial Services Pvt Ltd is a Bengaluru-based NBFC serving the financial needs of small businesses in rural and semi-urban areas with more than 200 branches and a loan book of INR 1150 Crore. The NBFC was started in the year 2010 with promoters Mr. Brahmanand Hegde and Mr. Ramakrishna Nishtala. The NBFC has significantly contributed in creating a credit portfolio in the segments which have been underserved by the traditional financial institutions.
For more on Vistaar, visit http://www.vistaarfinance.com
Media Contact:
James Niby Mathew
Marketing, Vistaar Financial Services Pvt Ltd
[email protected]
+91-9538095588
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