Profectus Capital is an Indian Non-Banking Financial Company focused on secured lending to Small and Medium Enterprises (“SMEs”).
India has a deep culture of small family businesses with over 30 million SMEs and the sector is experiencing secular growth in demand for credit. Profectus Capital will exclusively focus on lending to SME businesses operating in a dozen targeted subsectors.
Actis is backing a team led by the highly reputed ex CEO of Reliance Commercial Finance (“RCF”), KV Srinivasan (“KV”) who built one of the market leading SME lending franchises over a period of nearly a decade.
Profectus Capital has operations in the states of Gujarat, Maharashtra, Telangana and Tamil Nadu and aims to establish presence in Karnataka, Andhra Pradesh, Madhya Pradesh, Rajasthan, Punjab, Delhi, Haryana, West Bengal, Chhattisgarh, Jharkhand and other locations.
Each functional branch will offer lending products based on key economic activity of the region and hosts fully empowered team.
Lending to Small and Medium Businesses demonstrates that responsible lenders can do well by using their monies to improve lives of credit-underserved ‘one-loan-at-a-time’.