Clix Capital Company Profile

Background

Clix Capital, established in 2016 through the acquisition of GE Capital's commercial lending and leasing business, is a non-banking financial company (NBFC) headquartered in Gurugram, India. The company is dedicated to revolutionizing the lending landscape by offering innovative, technology-driven financial solutions tailored to the needs of underserved segments, particularly Micro, Small, and Medium Enterprises (MSMEs), as well as the education and healthcare sectors. Clix Capital's mission is to facilitate financial inclusion by providing accessible and efficient lending services, thereby contributing to India's economic growth.

Key Strategic Focus

Clix Capital's strategic objectives center on sustainable growth and market expansion. The company aims to achieve an Assets Under Management (AUM) of ₹10,000 crore within the next two years, targeting a profit of ₹100 crore for the fiscal year 2024-25. To realize these goals, Clix Capital focuses on:

• MSME Financing: Offering both secured and unsecured business loans to support the growth and development of small and medium enterprises.

• Education Sector: Providing financial solutions for educational institutions, including school financing, to enhance educational infrastructure.

• Healthcare Sector: Financing medical equipment and healthcare facilities to improve healthcare services.

The company leverages advanced technologies such as artificial intelligence (AI) and machine learning (ML) to streamline loan processing, credit assessment, and risk management, ensuring a seamless and efficient customer experience.

Financials and Funding

Clix Capital has demonstrated robust financial performance and has secured substantial funding to support its growth initiatives:

• Equity Funding: In August 2024, the company raised ₹220 crore in equity capital from existing investors, including Apollo Global Management, Pramod Bhasin, and Anil Chawla. This infusion is intended to enhance lending capabilities across key sectors and invest in AI and ML technologies.

• Debt Financing: In July 2023, Clix Capital secured a $20 million loan from the Global Climate Partnership Fund (GCPF) to finance renewable energy and energy efficiency projects, aligning with its commitment to sustainable development.

• Financial Performance: The company achieved a 125% growth in profit after tax in FY24, with a Gross Non-Performing Assets (GNPA) ratio reduced to 1.8%, reflecting improved portfolio quality.

Technological Platform and Innovation

Clix Capital differentiates itself through a strong emphasis on technology and innovation:

• Digital Lending Platform: Utilizes AI and data analytics to assess creditworthiness based on alternative data, enabling faster approvals and customized financial products.

• Automation: Employs automation in loan processing and risk management to enhance efficiency and accuracy.

• Digital Partnerships: Collaborates with fintech partners to offer end-to-end online platforms, ensuring a paperless and seamless customer experience.

Leadership Team

Clix Capital is guided by a team of seasoned professionals with extensive experience in the financial sector:

• Rakesh Kaul: Chief Executive Officer and Director, leading the company's strategic initiatives and growth.

• Gagan Aggarwal: Chief Financial Officer, overseeing financial planning and management.

• Santwana Periwal: Chief Human Resource Officer, managing human resources and organizational development.

• Vikram Rathi: Chief Risk Officer, responsible for risk assessment and mitigation strategies.

• Vijaykumar Ramakrishna: Chief Technology Officer, driving technological innovation and infrastructure.

• Ramdas Acharya: Chief Credit Officer, overseeing credit policies and procedures.

The leadership team is supported by a Board of Directors, including:

• CM Vasudev: Chairman and Independent Director.

• Pramod Bhasin: Director and Co-founder.

• Anil Chawla: Director and Co-founder.

• Utsav Baijal: Board Member.

• Aditya Gupta: Director.

• Anuradha Bajpai: Independent Director.

• Ajay Candade: Independent Director.

• Himanshu Kashyap: Board Member.

Competitor Profile

Clix Capital operates in a competitive landscape with several notable players:

• Lendingkart: Specializes in providing working capital loans to MSMEs through a digital platform.

• FlexiLoans: Offers unsecured business loans to small businesses with a focus on quick disbursals.

• Hero FinCorp: Provides a range of financial services, including loans for SMEs and retail customers.

• Tata Capital: Offers diverse financial solutions, including business loans, personal loans, and wealth management services.

These competitors leverage technology to offer digital lending solutions, emphasizing quick processing and customer-centric services.

Strategic Collaborations and Partnerships

Clix Capital has established significant partnerships to enhance its market position and service offerings:

• Co-Lending Partnerships: Collaborates with banks such as Karnataka Bank, State Bank of India (SBI), and Central Bank of India to offer co-lending solutions, expanding reach and customer base.

• Technology Partnerships: Partnered with Vymo to digitize its collections business, improving customer engagement and operational efficiency.