Red Fort Capital has disbursed Rs 2.05 crore as a working capital loan and invoice discounting facility to Centech Engineers. This will help the company maintain cash flow, enabling the business to cover its expenses, invest in growth opportunities, meet financial obligations, and complete work orders.
Incorporated in 2006, Centech Engineers is engaged in designing, consulting, and commissioning heating, ventilation and air conditioning (HVAC) and mechanical, electrical, and plumbing projects. Its clientele includes companies from pharmaceuticals, chemicals, biotechnology, diagnostics laboratories, health care, etc, including RPG Lifesciences, Lupin and Theon, covering global markets like Nepal, Togo, Ghana, and Algeria.
“We needed quick capital for our day-to-day business operations. Red Fort Capital’s term loan and invoice discounting facility will act as a catalyst in acquiring more projects and facilitate exponential growth,” said Pawan Kumar Chunduru, director of Centech Engineers.
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“This disbursement is a testament to confidence Red Fort Capital has in Indian manufacturing and growth story; Centech Engineers Private Limited and promoters have the potential to dominate the global market,” added Parry Singh, chairman and CEO of Red Fort Capital.
Red Fort Capital Finance is an RBI-registered investment grade NBFC, specialising in providing quick business loans to Micro, Small and Medium Enterprises (MSME) typically in under seven days. It was started by Singh, a serial entrepreneur who founded nine other companies.
Red Fort Capital NBFC seeks deals of Rs 1 crore to Rs 10 crore for financing for working capital, equipment and machinery. It has multiple financing vehicles, including its regulated NBFC in India, a globally focused principal investing group, and market-leading private equity funds.
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