Latest news with #RBI-licensed
&w=3840&q=100)
Business Standard
16 hours ago
- Business
- Business Standard
TReDS platform M1xchage eyes IPO in 3-5 years, aims ₹1.25 trn biz in FY25
M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 trillion. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 trillion. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is facilitating invoice financing of nearly Rs 10,000 crore each month, enabling MSMEs with faster access to working capital and driving adoption across corporates, vendors, and financial institutions. India's supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSMEs and digital transformation across industries. With the Reserve Bank of India's (RBI's) TReDS framework, digital platforms are increasingly becoming the backbone of MSME financing, he said. The platform facilitates discounting of invoices and bills of exchange, or trade receivables of micro, small and medium enterprises from corporate and other buyers, through multiple financiers such as banks and non-bank entities. Factoring or invoice discounting refers to transfer in ownership or financing of accounts by a third party or factor at a discount for commission and fees, wherein the factor makes a profit upon the settlement of the debt. About funding for business growth, Mohindru said the company is well capitalised at the moment to drive exponential growth. Recently, growth-stage investment firm Filter Capital invested about $10 million (Rs 85 crore) in trade receivables discounting system platform M1xchange. Prior to this, Jindal Stainless, leading stainless steel manufacturer, along with its wholly owned subsidiary, Jindal Stainless Steelway Ltd, acquired a 9.62 per cent stake in M1xchange. This deal involved a combination of primary capital and a secondary purchase of shares from existing shareholders. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
16 hours ago
- Business
- Economic Times
TReDS platform M1xchage plans IPO in 3-5 years
M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. ADVERTISEMENT "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh crore. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is facilitating invoice financing of nearly Rs 10,000 crore each month, enabling MSMEs with faster access to working capital and driving adoption across corporates, vendors, and financial institutions. ADVERTISEMENT India's supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSMEs and digital transformation across industries. With the Reserve Bank of India's (RBI's) TReDS framework, digital platforms are increasingly becoming the backbone of MSME financing, he said. ADVERTISEMENT The platform facilitates discounting of invoices and bills of exchange, or trade receivables of micro, small and medium enterprises from corporate and other buyers, through multiple financiers such as banks and non-bank entities. Factoring or invoice discounting refers to transfer in ownership or financing of accounts by a third party or factor at a discount for commission and fees, wherein the factor makes a profit upon the settlement of the debt. ADVERTISEMENT About funding for business growth, Mohindru said the company is well capitalised at the moment to drive exponential growth. Recently, growth-stage investment firm Filter Capital invested about USD 10 million (Rs 85 crore) in trade receivables discounting system platform M1xchange. ADVERTISEMENT Prior to this, Jindal Stainless, leading stainless steel manufacturer, along with its wholly owned subsidiary, Jindal Stainless Steelway Ltd, acquired a 9.62 per cent stake in M1xchange. This deal involved a combination of primary capital and a secondary purchase of shares from existing shareholders. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16 hours ago
- Business
- Time of India
TReDS platform M1xchage plans IPO in 3-5 years
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years."Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI.M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in platform is facilitating invoice financing of nearly Rs 10,000 crore each month, enabling MSMEs with faster access to working capital and driving adoption across corporates, vendors, and financial supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSMEs and digital transformation across the Reserve Bank of India's (RBI's) TReDS framework, digital platforms are increasingly becoming the backbone of MSME financing, he platform facilitates discounting of invoices and bills of exchange, or trade receivables of micro, small and medium enterprises from corporate and other buyers, through multiple financiers such as banks and non-bank or invoice discounting refers to transfer in ownership or financing of accounts by a third party or factor at a discount for commission and fees, wherein the factor makes a profit upon the settlement of the funding for business growth, Mohindru said the company is well capitalised at the moment to drive exponential growth-stage investment firm Filter Capital invested about USD 10 million (Rs 85 crore) in trade receivables discounting system platform to this, Jindal Stainless, leading stainless steel manufacturer, along with its wholly owned subsidiary, Jindal Stainless Steelway Ltd, acquired a 9.62 per cent stake in deal involved a combination of primary capital and a secondary purchase of shares from existing shareholders.
Time of India
26-05-2025
- Business
- Time of India
Infibeam Avenues FY25 net profit up 5% at Rs 160 crore; revenue jumps 27%
Gandhinagar-based Infibeam Avenues , which runs the CCAvenue payment gateway , has reported a consolidated operational revenue of Rs 3,774 crore in fiscal 2025, up 27% from Rs 2,961 crore a year ago. In terms of profit after tax (PAT), the company saw a 5% increase to Rs 160 crore from around Rs 152 crore last year. In the March quarter, Infibeam Avenues reported operating revenue of Rs 1,098 crore, up 65% from Rs 665 crore a year back. Closing FY2025, the RBI-licensed payment aggregator said that it wants to get into consumer payments through Unified Payments Interface (UPI). The company is building a UPI third-party payment app Rediff Pay . Infibeam Avenues acquired a 54% stake in Rediff in August 2024. For the entire business, which includes the domestic payment business, international payments, and businesses from its subsidiary entities, the overall payment value settled by the platform stood at Rs 8.67 lakh crore, up 24% from Rs 7 lakh crore last year. The company said that its net take rate (revenue per transaction) improved to 11.7 basis points (bps) in FY25 from 8.8 bps in FY24. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories As a payment gateway, the company has to share its revenue with banks and other financial institutions. The net revenue that was reported by CCAvenue stood at Rs 525 crore in FY24 compared to Rs 419 crore a year back. Infibeam Avenues has also taken board approval to raise up to Rs 700 crore through a rights issue. The funding will be aimed at developing new business areas like consumer payments, international expansion, and investments in its artificial intelligence (AI) initiatives.
Time of India
15-05-2025
- Business
- Time of India
How to check your CIBIL Score: A step-by-step guide to monitor your credit score
What is a CIBIL score and why does it matter? Live Events Step-by-step guide to check your CIBIL Score for free Importance of checking CIBIL Score Tips to maintain a healthy CIBIL Score Monitoring your credit score is a quick and important step to understanding your financial health. By regularly checking your score and maintaining responsible financial habits, you can build a strong credit profile — improving your chances of securing loans, credit cards, and better interest January 2017, the Reserve Bank of India (RBI) has mandated that all four licensed credit bureaus offer one free credit report and score per year to every individual. This initiative promotes transparency and empowers consumers to track their credit standing and make informed financial India, the credit ecosystem is supported by four major credit bureaus: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. These RBI-licensed agencies play a crucial role in assessing individuals' creditworthiness by collecting and analyzing credit-related information, and providing credit scores and reports that help lenders make informed decisions.A CIBIL score, provided by the Credit Information Bureau (India) Limited, is a three-digit number (300–900) that reflects your creditworthiness. It's a critical factor banks and financial institutions evaluate before approving loans or credit cards. A score above 700 is considered good, while 900 is ideal. Regularly checking your CIBIL score helps you stay informed about your financial health, manage risks, and improve your eligibility for better loan these simple steps to access your free CIBIL score and credit report online:Step 1: Visit the Official CIBIL WebsiteGo to the CIBIL website and navigate to the 'Get Your CIBIL Score' 2: Fill out the initial formEnter your basic details, including:Full name, contact number and email addressThen click 'Continue to Step 2.'Step 3: Enter your PAN number accurately, as it's important to generate your report. Double-check the details to avoid 4: Respond to questions about your loans and credit cards. These answers help calculate your CIBIL score and generate your credit 5: You will be offered paid subscription plans for multiple reports. For a one-time free report, select 'No Thanks' at the bottom of the page. Your account will be created, and a confirmation message will 6: Log in using the email and password created beforeCheck your registered email for a verification link and a one-time password (OTP).Click the link, enter the OTP, and change your password as 7: Log in again, and your personal details will auto-populate (if not, enter them manually). Provide your contact number and click 'Submit.'Step 8: Your dashboard will display your CIBIL score and credit report. Download the report for a detailed overview of your credit your CIBIL score once a year is a great start, but monthly monitoring is ideal. Banks and NBFCs update credit data regularly, and staying proactive helps you:Detect errors or discrepancies in your repayment patterns and improve your factors impacting your credit health, such as missed payments or high credit EMIs and credit card bills on time: Late payments negatively affect your credit utilization low: Aim to use less than 30% of your available credit multiple loan applications: Frequent applications can signal financial your report for errors: Dispute inaccuracies with CIBIL on checking your CIBIL scoreYou can check your CIBIL score and report for free once a year, as mandated by the RBI. For additional reports, consider a paid checking your own score (a soft inquiry) does not impact your CIBIL score.A score below 700 may limit loan approvals. Focus on timely payments, reducing debt, and correcting report errors to improve it.A PAN card is mandatory for accessing your CIBIL score, as it links your financial records.
