Weebit Nano Limited (6RI)

Overview

TruCap Finance Limited is a prominent non-banking finance company (NBFC) that plays a crucial role in India's financial ecosystem by providing a variety of loan products and advisory services. Established in 1994, originally named Dhanvarsha Finvest Limited, the company underwent a rebranding in August 2022 to become TruCap Finance Limited. This rebranding reflects its commitment to offering true and effective financial solutions to its clients. Operating from its headquarters in Mumbai, India, TruCap has carved a niche for itself by focusing on under-served segments of the economy, including micro enterprises and small and medium-sized enterprises (SMEs). As a subsidiary of Wilson Holdings Private Limited, TruCap Finance Limited benefits from strong backing and an experienced leadership team, enabling it to navigate the complex landscape of the Indian financial sector effectively.

Products and Services

TruCap Finance Limited's diverse product portfolio caters to a wide array of financial needs, tailored specifically for micro enterprises, SMEs, and individual borrowers. Here's a brief overview of its main offerings:

• Micro Enterprise Loans: These loans are designed to empower micro-entrepreneurs by providing them with the necessary funds to start or expand their businesses. By supporting these smallest business units, TruCap Finance Limited aims to stimulate economic growth at the grassroots level.
• SME Loans: Tailored for small and medium-sized enterprises, these loans offer flexible financing solutions to help these businesses scale operations, invest in infrastructure, or manage day-to-day expenses. Recognizing the significant role of SMEs in the Indian economy, TruCap provides customized lending solutions to meet their unique needs.
• Other Structured Business Loans: TruCap Finance Limited also offers various structured loan products tailored to suit the diverse requirements of businesses. These loans are designed to provide liquidity or finance specific needs such as expansion plans, equipment purchases, or other capital expenditures, reflecting the company's flexibility in addressing the financial challenges faced by businesses.
• Personal Loans: Catering to individual financial needs, TruCap's personal loans are aimed at helping customers manage unexpected expenses, fund personal projects, or consolidate debt. These loans are characterized by their competitive interest rates and flexible repayment options.
• Gold Loans: Leveraging the vast reserves of gold that Indian households traditionally own, TruCap Finance Limited offers secured loans against gold. This service provides a quick and easy way for individuals to access funds by using their gold as collateral, offering a secure and less burdensome financial option.

In addition to these loan products, TruCap Finance Limited extends a range of ancillary services that complement its main offerings. These services include advisory services, which are part of the company's segment operations, signifying its commitment to not just lending but also providing valuable financial guidance to its clients.