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Tag: Clix Capital

  • Clix Capital salutes Indian MSMEs determination with Jazba campaign

    Clix Capital salutes Indian MSMEs determination with Jazba campaign

    Mumbai: Clix Capital, one of India’s fastest-growing new-age NBFCs, has announced the launch of a new campaign ‘Har Jazbe Ke Liye’, which celebrates entrepreneurial journeys and determination of MSMEs from across the country’s length and breadth, that has been made possible by its quick and accessible business loans, school financing, loan against property and healthcare equipment finance. Recognising that passionate business owners, entrepreneurs, and professionals often need access to timely and adequate finances to support their ventures and aspirations of supporting society, Clix Capital’s new campaign demonstrates how it stands firmly with individuals carrying the indomitable spirit, with the principal thought ‘Har Jazbe Ke Liye’.

    To announce the campaign, the company has launched three digital films on its owned channels i.e. LinkedIn, Twitter, and Instagram. The digital films are conceptualized and produced by House of Omnific in association with Clix Capital. Through this campaign, the company salutes the fighting spirit of entrepreneurs and small business owners who strive for excellence despite being financially underserved.

    The series of three ad films showcase the unwavering commitment of a doctor, who can procure a hi-tech CT scan machine at his clinic in a small town, a principal of a school who can promote girl child education and help students with digital skilling by adding a computer lab facility, and a woman entrepreneur who can scale her feminine hygiene products business to meet rapidly growing rural demand.

    India as a country is growing rapidly and is on its way, to being the third-largest economy in the world by 2027. Sectors like healthcare equipment, MSMEs, and education are the major contributors to the Indian economy and have played an integral role in employment generation. The sectors also support India’s dream of becoming a $5 trillion economy.

    With this campaign, Clix Capital aims to reaffirm its commitment to empowering Indian MSMEs with its array of financial solutions leading them on their path to success. It is this indomitable spirit that forms the cornerstone of Clix Capital’s ethos. This campaign is aligned with the purpose of the company i.e. being a responsible lender that is taking strides towards developing the India of the future.

    Commenting on the launch of the Jazba campaign, Clix Capital CEO Rakesh Kaul said, “We at Clix Capital are committed to the holistic development of the nation and creating a positive impact on the lives of thousands of entrepreneurs that are seeking loans to grow their businesses. With the launch of the Jazba Campaign, we aim to salute the courage of our customers who are ready to take the next step in their entrepreneurial journey. As a lender focused on meeting the financial needs of underserved MSMEs and entrepreneurs, we are constantly inspired by the resilience and passion of the people we serve. We truly believe in the India growth story and are proud to be a part of the journey of the ever-growing community of pool of homegrown businesses and enterprising ventures that building the future of the country.”

    Recently, Clix Capital entered into a co-lending partnership with Karnataka Bank to extend loans to MSMEs across India. The company had reported strong results in the H1’FY23 with over Rs 5000 crore AUM and a 200 per cent surge in PAT. The company also created a new milestone of disbursing over Rs 20,000 crore of loans in total, having supported thousands of deserving MSMEs and SMEs for their growth ambitions and in creating jobs for our economy. The company is expanding its Phygital coverage rapidly, with a presence in 28 cities and covering over 50 locations across India. With a workforce of over 650 employees, Clix Capital aims to make significant strides towards its 10,000 Crs AUM journey.

  • Clix Capital brings on board Rakesh Kaul as CEO

    Clix Capital brings on board Rakesh Kaul as CEO

    Mumbai: Clix Capital on Thursday announced the appointment of Rakesh Kaul as its new chief executive officer with effect from 16 August.

    As the CEO, he will be responsible for all business verticals, reporting directly to the board, the company said in a statement.

    A 24-year veteran of the financial services sector, Kaul specialises in retail banking, wealth management, insurance, and mortgages. He joins Clix Capital from RHB Malaysia, where he led the consumer banking business for the group covering Malaysia and ASEAN markets. Earlier, he was associated with Citigroup, holding several leadership roles.

    “Be it Product Development, Sales & Distribution, Corporate Strategy, Business Management, and Risk Management, Rakesh’scross-functional exposure has been deep and diverse,” said Clix Capital chairman Pramod Bhasin. “He has tremendous experience in leading teams, managing businesses through change cycles, building scale, and driving transformation.”

    “I’m thrilled to have Rakesh in this role and look forward to collaborating and advancing our founding vision of bridging the credit gap among underserved and unserved cohorts, including MSMEs and new-to-credit consumers,” said Clix Capital founder, Anil Chawla. “He holds a deep understanding of Retail and Corporate Banking along with stellar industry networking, all of which will be invaluable for the growth of our Company.”

    “Given his strong grasp of new-age technologies that are disrupting financial services coupled with robust domain knowledge, Rakesh will play an important role at Clix in building new platforms for growth,” added Apollo Management senior partner & head of India Private Equity, Utsav Baijal.

    “I’m honoured to accept this crucial role with Clix Capital as they continue disrupting and reshaping the NBFC sector,” Rakesh Kaul said. “We will focus on deploying cutting-edge technologies and insightful innovations in driving lending models responsive to end-customer needs. While significantly boosting financial inclusion, Clix Capital remains poised for rapid market expansion.” 

  • Clix Capital announces $40 million fresh capital infusion from existing investors

    Clix Capital announces $40 million fresh capital infusion from existing investors

    MUMBAI: Clix Capital Services Pvt Ltd (‘Clix’) – one of India’s leading digital-lending NBFCs – today announced its latest round of capital infusion of $40 million (INR280 crores) from its existing investors AION Capital Partners Ltd as well as its promoters Pramod Bhasin and Anil Chawla.

    Strong focus on technology and strategic partnerships has helped Clix scale up and expand its footprint to 4 million customers in a short span of 3 years. The company is targeting a loan book of Rs 5,500-6,000 crore by the end of FY20 as compared to Rs 5,000 crore currently.

    Augmenting the Company’s original capital base of $250 million (INR 1,800 crores), the latest round of funding will be used to expand the business across its varied segments especially consumer finance and digital platforms. Clix has a presence across 12 cities in India and envisages deeper penetration in these markets. With the fresh equity infusion, Clix is planning to continue its steady credit quality-led growth, focussing on the retail-lending segment to achieve a ~70% composition by March 2020. The company believes the current liquidity squeeze in the lending space is also likely to present additional opportunities for selective acquisitions.

    Pramod Bhasin, Founder & Chairman – Clix Capital, elaborated on the announcement: “At Clix, we are continuously trying to bridge the credit gap in the unserved and underserved segments such as new-to-credit customers and MSMEs. Towards this objective, we use cutting-edge technologies and insightful innovations to drive lending models that are responsive to the needs of end-customers while significantly expanding financial inclusion. I’m delighted at the latest infusion of funds, which reinstates our confidence and trust in Clix’s potential. We believe that despite the current economic scenario, India represents a huge opportunity in the long-term.”

    AION Capital, along with promoters Pramod Bhasin and Anil Chawla, had bought the commercial finance business of GE Capital in India in September 2016. Over the past three years, the Company has built a strong franchise of fast-growing businesses across SME lending, consumer finance, mortgages and equipment finance segments. Clix leverages technology, data and deep analytics to provide unparalleled credit access and a seamless experience to its customers. Sound risk management practices and a heavy focus on data-driven decision-making help the Company maintain great portfolio quality.

    On the latest capital infusion, Parth Gandhi, Senior Partner and Managing Director – AION Capital, commented: “Quality and scale will determine success in financial services in the future. Apart from infusion of capital, as majority partner, we are committed to bring in our global best experiences and expertise of technology and practices to Clix’s business. Our attempt would be to grow the Clix business steadily while maintaining a watchful eye on asset quality and profitability.”