Shrinithi Capital
Financial services extending loans for vehicles, construction, and farm equipment across rural and semi-urban India.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $1.9m | Lending Capital | |
| Total Funding | 000k | ||
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Shrinithi Capital Private Limited, established in 2019 in Chennai, Tamil Nadu, operates in the financial services sector, focusing on providing loans to individuals across various social strata. The company primarily serves clients in rural and semi-urban areas, offering financial solutions for purchasing vehicles, construction equipment, and farm machinery, as well as meeting working capital needs. Shrinithi Capital's business model revolves around loan cum hypothecation, allowing them to cater to diverse financial requirements. The company generates revenue through interest on loans and has recently expanded its asset base through a co-lending partnership with IndoStar Capital, aiming to reach Rs 400 crore in assets under management by year-end. This strategic move underscores Shrinithi Capital's commitment to becoming a significant player in the financial services industry in India.
Keywords: financial services, loans, vehicles, construction equipment, farm equipment, rural, semi-urban, India, co-lending, asset management.