Debt Advisory for Every Stage of Your Business
Supply Chain Financing
Domestic Sales Bill Discounting (Factoring)
Your customers take 60 to 120 days to pay. Your payroll and suppliers do not wait. Sales bill discounting turns approved invoices on your domestic buyers into cash within days, without adding a term loan to your balance sheet. It suits manufacturers, distributors and service companies selling on credit to rated or established corporates. We assess your debtor book, match it to banks, NBFCs and factoring platforms, and negotiate the limit and the rate.
Export Sales Bill Discounting (Export Factoring)
You have shipped the goods. Payment is 90 days and one ocean away. Export factoring pays you against the export invoice soon after shipment, and, depending on the structure, covers the risk of the overseas buyer not paying. It suits exporters selling on open account or usance terms who want to quote longer credit without stretching their own cash. We structure the facility around your buyers, countries and currencies.
Dealer / Channel Financing
Your dealers could sell more if they could stock more. Channel financing gives your dealers and distributors a credit line to buy from you. You are paid on dispatch, and the dealer repays the lender after selling. It suits manufacturers and brand owners with an established distribution network. We design the programme, bring in the lender and help you onboard the dealers.
Purchase Invoice Discounting
Suppliers offer their best price for prompt payment. Your cash is tied up in stock. Purchase invoice discounting funds your purchase bills so suppliers are paid on time, and you repay once the goods are converted and sold. It suits businesses with regular raw material or trading purchases and a predictable sales cycle. We size the limit to your purchase cycle and place it with a suitable lender.
Vendor Financing (Anchor-Based Supply Chain Finance)
Your vendors want to be paid sooner. You want longer credit, without adding bank debt. Both are possible. Vendor finance is an anchor-based working capital solution. A bank or NBFC pays your suppliers early against invoices you have accepted, and you repay the financier on the invoice due date. The funding is priced on your credit strength as the buyer, not the vendor’s, and can be structured so that it is not recorded as bank borrowing by either side.
Import Finance
The overseas supplier wants payment at shipment. Your sale is months away. Import finance bridges the time between paying the foreign supplier and collecting from your own customers, through letters of credit and other trade credit structures. It suits importers of raw materials, components and capital goods. We structure the facility around your suppliers, shipment cycle and currency exposure.
BG-backed Purchase Invoice Discounting
You hold a bank guarantee limit. It can do more than sit idle. A bank guarantee in favour of the funder secures the facility, which usually means a larger limit and a finer rate on your purchase invoices. It suits companies with unused non-fund-based limits and steady purchase volumes. We arrange the funder and align the guarantee terms with your bank.
Capex Funding
Asset Financing (New, Used / Refurbished, Refinancing)
The new line will pay for itself in three years. Paying for it today is the hard part. Asset financing funds machinery, equipment, vehicles and technology against the asset itself, so your working capital stays intact. We arrange funding for new assets, for used and refurbished equipment, and refinancing of assets you already own to release cash or ease repayments. It suits manufacturers, logistics, healthcare and construction businesses planning capital expenditure.
Lease Financing (Asset Lease, Sale & Leaseback)
You need the asset. You may not need to own it. An asset lease gives you the assets your business runs on for a fixed rental, with no large upfront payment. A sale and leaseback does the reverse: you sell an asset you own, keep using it, and release the capital locked inside it.
General Corporate Debt
Working Capital Term Loan
Orders are growing faster than your cash. A working capital term loan gives you a lump sum for inventory, payroll and operating costs, repaid on a schedule that follows your cash flow. It suits businesses with seasonal peaks, large orders or a stretched bank limit. We prepare the proposal, approach banks and NBFCs, and negotiate amount, tenure and security.
NCD (Non-Convertible Debentures)
You need growth capital, and you do not want to give up equity. Non-convertible debentures let a company borrow from institutional and private investors at a fixed coupon, with tenure and security designed for the purpose. It suits companies with a credit track record raising larger sums for expansion, refinancing or acquisitions. We structure the issue, coordinate rating, trustee and legal work, and bring in investors.
Growth & Acquisition Debt
Acquisition Finance
You have found the right company to buy. The price is more than your cash on hand. Acquisition finance funds the purchase of a company, a division or a strategic stake through a mix of term debt, structured instruments and, where it fits, seller financing. It suits established companies and promoters growing through acquisition. We size the debt the combined business can service, bring in lenders and stay through to closing.
Promoter Funding
The company is strong. The need is at the promoter level. Promoter funding raises capital for the promoter or holding company: to increase a stake, buy out a partner or investor, infuse equity into the business, or settle a family arrangement. It suits promoters of profitable listed and unlisted companies. We structure it through debt, equity or convertible instruments, and model what each means for control and repayment.
Venture Debt (Series A and above)
You want 12 more months of runway. You do not want another dilution round to get it. Venture debt gives venture-backed companies capital alongside or between equity rounds, with far less dilution than equity. It suits companies at Series A and above with institutional investors and growing revenue. We position your business to venture debt funds and negotiate amount, coupon, warrants and covenants.
Pre-IPO Bridge Financing
Your IPO is 12 to 18 months away. The business needs capital now. Pre-IPO bridge financing covers growth and listing costs during the preparation period, and is usually repaid from IPO proceeds or refinanced after listing. It suits companies with a clear listing plan and a merchant banker in place or being appointed. We arrange the bridge and align it with your IPO timeline.
Alternative Debt
Often taken up together with our Turnaround and Restructuring advisory.
Loan against Shares
Your shareholding holds real value. You need cash, and you do not want to sell. A loan against shares raises funds by pledging listed shares, and in some cases unlisted ones, while you keep ownership and any upside. It suits promoters and large shareholders who need liquidity for business or personal purposes. We find lenders for your scrip, and explain the loan-to-value and margin-call terms plainly before you sign.
NPA & Stressed Account Funding
Overdues are building, or the account has already turned NPA. The business underneath is still worth saving. Once an account slips, CIBIL scores and CMR ranks fall, banks and NBFCs stop considering fresh limits, SARFAESI notices follow, and vendors and employees lose confidence. A temporary default should not define a company’s long-term potential. We arrange funding for stressed and NPA accounts from lenders and funds that specialise in them, combined with advice to stabilise the business.
Special Situation Funding
Your requirement does not fit a bank’s checklist. That does not make it unfundable. Special situation funding is tailored capital for cases banks decline: a time-bound opportunity, a shareholder dispute, a stalled project or a balance sheet under repair. It suits companies with real assets or cash flows behind an unusual story. We present the case to credit funds and structured lenders who are set up to judge it.
Emergency Funding (Private Finance)
A statutory due, a supplier deadline or a closing date is days away. A bank process takes months. Emergency funding arranges short-term capital from private lenders on a purely unsecured basis: no collateral, no securities and no assets to pledge. The lender relies on your business and its cash flows. Unsecured private finance costs more than bank debt, so it works best as a short bridge with a clear repayment source. It suits businesses with a defined, time-bound gap. We tell you quickly whether it can be done and what it will cost.
Real Estate Funding
Approval Funding
The land is tied up. Approvals, premiums and fees stand between you and the launch. Approval funding covers the cost of sanctions, conversion charges, premiums and other statutory payments before sales can begin. Banks generally do not lend at this stage, so the capital comes from real estate funds (AIFs) and private credit investors, usually through debentures. It is repaid when construction finance comes in after approvals and RERA registration. It suits developers with clear title and a credible approval timeline. We present the project and negotiate the terms.
First Mile Financing
The early stage of a project needs the most capital and has the fewest lenders. First mile financing funds land payments, joint development deposits and initial construction, before the project qualifies for bank construction finance. This is fund capital: AIFs and private credit investors who price the land, the micro-market and your track record. It suits developers with completed projects behind them and a site in a proven location. We bring in funds that invest at this stage and structure repayment from future sales and refinancing.
Last Mile Financing
The project is most of the way built. Sales have slowed and the last stretch has run out of money. Last mile financing funds the remaining construction so you can complete, hand over and collect the receivables that are waiting on possession. It suits RERA-registered projects where receivables and unsold stock comfortably exceed the cost to complete and existing dues. Completion funds usually ask for priority over cash flows, so we also manage the conversation with your existing lender. We work with government-backed and private funds that specialise in completion capital.
Inventory Funding
Your capital is locked in units that will sell, but not this quarter. Inventory funding raises money against the unsold stock in an ongoing project, giving you cash for construction and operations without discounting prices. It suits developers with approved, RERA-registered projects and steady sales velocity. NBFCs and funds are the main providers. We arrange the facility and match repayment to your sales plan.
Unsold Inventory Funding
The building is complete. Some units are still unsold, and so is the capital inside them. Unsold inventory funding lends against completed, ready-to-occupy stock, so you can repay costlier debt or start the next project while selling at the right price. With construction risk gone, banks and NBFCs usually lend at lower rates than at any earlier stage. It suits developers holding finished residential or commercial units with occupancy certificates. We place the facility with lenders who value ready stock.
Project Finance
A good project deserves funding that follows the construction, not a loan that fights it. Project finance funds construction in stages, with drawdowns linked to progress and repayment linked to sales collections through an escrow account. Banks usually offer the lowest cost once approvals and RERA registration are in place. NBFCs and funds step in where the project needs higher leverage or faster closure. It suits residential, commercial and mixed-use projects, and commercial projects with pre-leasing commitments usually get better terms. We prepare the project report and cash flow model, approach the right lenders and negotiate the terms.
Lease Rental Discounting
Your building is leased and the rent arrives every month. That rent can raise capital today. Lease rental discounting is a long-term loan sized on future rentals from offices, retail, warehouses and other leased property, with repayment routed from the rent itself. It is usually the lowest-cost debt in real estate. It suits owners of completed properties with strong tenants and registered leases. We compare banks and NBFCs on loan amount, tenor and rate, and close the facility.
Infrastructure Finance
Transport Infrastructure Finance
You have won the contract. Now you need guarantees, equipment and working capital to deliver it. We arrange funding for developers and EPC contractors in roads, ports and airports: project loans, bank guarantee limits, insurance surety bonds, equipment finance and working capital for a long build cycle. Where the project authority accepts them, surety bonds from insurers can stand in for bank guarantees on bid, performance and advance payment security, leaving your bank limits and margin money free. Repayment is matched to milestones, annuities or toll revenue.
Energy Project Finance
A power project earns for 25 years. Its funding should be built for the same horizon. We arrange long-tenure debt for renewable and conventional energy projects, covering new capacity, expansion and refinancing of operating assets on better terms. Repayment is matched to the power purchase agreement and generation cash flows.
Social Infrastructure Finance (Education, Hospitals, Hotels)
A new campus, a hospital wing or a hotel takes years to fill. The loan should allow for that. We arrange long-tenure funding for educational institutions, hospitals and hospitality projects, for new builds, expansion, equipment and refinancing. Repayment is aligned with fee, patient or occupancy revenue as it builds up.
How the anchor model works
- The programme is built around one strong, creditworthy buyer, the anchor, and extended to its vendors.
- The financier sets the limit on the anchor’s rating and its acceptance of each invoice, so the credit risk taken is the anchor’s.
- Vendors, often MSMEs, get funds at rates close to the anchor’s cost of borrowing, usually without collateral or a detailed review of their own balance sheet.
Why it can stay off the balance sheet
- For the vendor: the receivable is sold to the financier without recourse. It leaves the books and cash comes in. No loan is recorded and leverage ratios are unaffected.
- For the anchor: the obligation stays a trade payable, not financial debt. Debt-equity ratio and borrowing limits are preserved while the credit period gets longer.
What we tell every client first: the accounting depends on the structure. A sale with recourse stays a borrowing in the vendor’s books. Payment terms stretched well beyond normal trade credit, or interest paid by the anchor to the financier, can lead auditors to reclassify the payable as borrowing. Supplier finance arrangements must also be disclosed in the notes to accounts, so lenders and rating agencies can see them. We design the programme with your auditors’ view in mind.
It suits large and mid-sized corporates with a sizeable vendor base, and their MSME suppliers. We design the programme, bring in the bank or NBFC and help onboard your vendors.
Assets we arrange leases for
- Technology Assets: servers, laptops, networking and software
- Furniture & Fit-outs: office interiors, workstations and fixtures
- Construction Assets: earthmoving, cranes and site equipment
- Commercial / Industrial / Warehousing Assets: plant and machinery, material handling and storage systems
- Medical / Dental Assets: diagnostic, imaging, surgical and dental equipment
- Transportation Assets: commercial vehicles, fleets and employee transport
- Hospitality & Retail Assets: kitchen equipment, store fit-outs and point-of-sale systems
- Agricultural Assets: tractors, harvesters, irrigation and processing equipment
It suits companies that want to preserve borrowing capacity, keep technology and equipment current, or free cash from assets they already own. We compare lease against loan for your asset and place the deal with the right lessor.
The 90-day window: where you stand, and what we can do
A loan is classified NPA once a payment stays unpaid beyond 90 days. Until then your bank reports the delay in three stages, and each one is a chance to put things right.
- Up to 30 days late (SMA-0): we arrange short-term funds to clear the dues while the slip is still small.
- 31 to 60 days late (SMA-1): bridge funding brings the account up to date while we work on the cash flow gap behind the delay.
- 61 to 90 days late (SMA-2): rescue capital regularises the account before the NPA tag is applied, and keeps operations running.
- SARFAESI notice already served: it is not too late. Funding can still be arranged so that you stay in charge of your assets.
- Credit record already hurt: we draw up a step-by-step plan to repair your CIBIL score and CMR rank.
NPA accounts: settle, revive and return to mainstream banking
- NPA / NPL funding: capital for accounts already classified as non-performing, structured on asset quality, future cash flows and business potential
- One-Time Settlement (OTS) funding: funds to pay the settlement amount on time, for borrowers who have negotiated an OTS but cannot arrange the lump sum
- OTS negotiation: retired senior bankers on our team negotiate the settlement with your bank
- Several funding channels: asset reconstruction companies (ARCs), NBFCs, special situation funds, AIFs, private equity, quasi-equity and SPV structures. Where the proposal is attractive to investors, both debt and equity can be raised
- Business restructuring: support to strengthen repayment capacity so the problem does not return
The route back to a bank
- An ARC, special situation fund or AIF funds the settlement or takes over the NPA account.
- Once the account is regular, an NBFC takes it over from that fund.
- With a repayment track record rebuilt, the account moves back to a bank.
It suits genuine borrowers with a viable business, realisable assets or a settlement within reach. Each case is handled in confidence and within the regulatory framework.