Red Fort Capital Finance has provided a working capital loan of Rs. 55 million to Ind-Agiv Commerce Limited, a BSE-listed company based in Mumbai, Maharashtra. The loan will be utilized by the company as working capital for its ICT-Audio-Video System integration/Broad Cast/ Aerosol spray paint and Facility Management equipment business.
Ind-Agiv Commerce Limited has been operating in the business of ICT-Audio-Video System Integration, specializing in designing and integrating solutions for E-Class rooms, Auditoriums, Real-Estate Malls, Smart Cities, Smart Homes, Museums, special public utility Places, Conference rooms, Training rooms, etc. They have successfully completed prestigious projects for IIT/IIM/Universities/Airports/Phoenix Mall/Maker Max City-Driven Theater /Aquatic gallery, etc.
With the funds provided by Red Fort Capital Finance, Ind-Agiv Commerce Limited plans to take on big work orders and expand its Aerosol spray paint business in India exponentially. The loan will provide the necessary financial support to execute projects and invest in growth opportunities. This move will allow the company to expand its market share and establish a stronger presence in the industry.
Loan Amount: ₹55 million
Use of Capital: Complete big work orders
Location: Mumbai, Maharashtra