Widening Horizons     

Published: September 30, 2024
Updated: September 30, 2024

Advik Capital Ltd.

Signs MOU for supply chain financing with leading agri-FMCG company: Plans diversification

Advik Capital Ltd, (BSE: 539773), a Delhi NCR based emerging non-banking financial company (NBFC), has planned its strategic entry into supply chain financing. This initiative aims to broaden the company’s product offerings and provide essential financial support to businesses across diverse sectors, including agri-food, FMCG, FMCD, metals, and engineering goods. Designed to enhance operational efficiency, this program is set to drive sustainable growth within targeted industry supply chains. As part of this initiative, Advik Capital has signed a Memorandum of Understanding with a leading agri-product FMCG company. While name of its esteemed partner could not be disclosed due to business confidentiality, the company can assure all the stakeholders that this collaboration lays the groundwork for expanding its supply chain financing model.

Further, Infrastructure Development Support will be obtained, with Funding that will be directed toward vital infrastructure improvements, enabling companies to enhance their logistics, storage, and distribution processes.

Participants will receive comprehensive guidance on financial management and best practices, empowering them to maximize operational effectiveness. This initiative promotes sustainable practices within supply chains, ensuring long-term growth and resilience for all stakeholders involved. Arrangements will be structured without recourse to the principal, facilitating direct one-to-one financing with suppliers. This approach mitigates dependency on existing product lines while significantly broadening our operational scope and enhancing overall profitability.

Through this initiative, Advik Capital aims to expand its footprint across various industries by establishing similar partnerships to strengthen supply chain financing business. As a serious contender in the MSME financing space, Advik Capital is dedicated to advancing financial inclusion and supporting business growth. We look forward to sharing updates on the positive impact of our supply chain financing initiative as we broaden our reach and capabilities. This endeavor further demonstrates our commitment to delivering innovative financial solutions that empower businesses and drive sustainable growth across diverse sectors.

“As part of our long-term growth strategy, our entry into supply chain financing—particularly through our partnership with a leading agri-product FMCG company—marks a significant milestone,” said Mr. Pankaj Sharma, CFO and Whole Time Director of Advik Capital. “This initiative underscores our commitment to empowering businesses and enhancing their supply chain capabilities. By collaborating directly with suppliers, we aim to foster resilience and innovation across diverse sectors.”

By venturing into supply chain finance, Advik Capital not only taps into a broader spectrum of business opportunities but also diversifies its operations, effectively mitigating concentration risk. This strategic initiative enhances our ability to adapt to market fluctuations and ensures long-term, sustainable revenue visibility. As a result, the company is well-positioned for enduring success in an increasingly competitive landscape, paving the way for growth and innovation in various sectors.

Advik Capital Limited, headquartered in New Delhi, is an emerging non banking financial company, primarily focused on providing loans and ancillary financial services, registered with the Reserve Bank of India as a non-deposittaking NBFC, Registration No. B 14.00724. The company is committed to expanding its operations and strategically tapping into the abundant opportunities available in a growing economy, while addressing the diverse needs of various industries. By leveraging its expertise and innovative approach, Advik Capital aims to explore new avenues in the investment markets, including potential offshore ventures, to better serve its clients and drive sustainable growth.