seeds-fincap-private-limited Research by SuperAGI

Company Overview

Seeds Fincap Private Limited is a Gurugram-based, non-deposit-taking Non-Banking Financial Company (NBFC), founded in 2019 with a focus on empowering Micro, Small, and Medium Enterprises (MSMEs). The company aims to facilitate the growth and sustainability of MSMEs by delivering essential financing solutions. Seeds Fincap received its Certificate of Registration in March 2021 and operates within 8 states through 90 branches, housing a workforce of 1,036 personnel.

Mission and Vision

Seeds Fincap strives to assist a million MSMEs, acknowledging their vital role in augmenting national economic growth. The company's efforts are concentrated on offering innovative financial services to aid MSMEs in overcoming challenges related to technology access and business networking.

Products and Services

The company offers an array of financial products optimized for micro and small business enterprises:

PRAGATI: Provides unsecured loans up to ₹40,000 for businesses operating in a single location for over three years.

SAMVARDHAN: Offers unsecured loans up to ₹200,000 under similar conditions.

SAMRIDHI: Delivers secured loans ranging from ₹200,000 to ₹500,000 with extended repayment periods.

Structured monthly repayments are facilitated through the National Automated Clearing House (NACH).

Financial Achievements

Seeds Fincap has been successful in acquiring over $17.4 million through various funding rounds, reflecting its growth-oriented approach. In July 2024, it secured $8.5 million in Series A funding from Lok Capital and Z47 (Matrix Partners India). The company's efforts have resulted in loan disbursements worth ₹100 Crores, with plans to achieve ₹250 Crores in the current fiscal year.

Operational Footprint

Assets Under Management (AUM): ₹330 Crores, facilitating broad financial reach.

Clientele: 51,224 clients served across diverse locations.

Key Leadership and Management Team

Subhash Chandra Acharya: Co-Founder & Director

Avishek Sarkar: Co-Founder & Director

Pradipta Sahoo: Nominee Director

Dr. Smita Premchander: Independent Director

Rajat Bansal: Nominee Director

Dr. Santanu Paul: Nominee Director

The management team is further strengthened by experienced professionals:

Mr. Amit Kumar Gupta: Chief Financial Officer

Mr. Sumeet Dhall: Head of Accounts & Finance

Mr. Gambheer Singh: Business Head

Mr. Ashutosh Mishra: National Head of Strategy & Operations

Ms. Swati Sinha: Head of Credit

Competitor Analysis

Seeds Fincap positions itself strongly against several competitors in the financial sector:

ARTH: A Gurugram-based fintech company focusing on lending to women-led micro-enterprises with both B2C and B2B2C models.

Prayaan Capital: Specializes in affordable loan products for the MSME sector, leveraging both technology and retail branches.

Lendingkart: Offers short-term business loans with a base in Ahmedabad, supported by Venture Capital.

NeoGrowth Credit: A Mumbai-based digital lending solutions provider for SMEs, capitalizing on the digital payments ecosystem.

Spandana Sphoorty Financial Limited: A rural-focused NBFC-MFI providing microloans to women, promoting financial empowerment.

Strategic Developments

An upgraded credit rating to 'CRISIL BBB-/Stable' from 'CRISIL BB+/Positive' exemplifies Seeds Fincap's strengthened financial posture, thereby increasing investor and partner confidence in its business model.