SEEDS FINCAP PRIVATE LIMITED
Empowering Entrepreneurs to Gain Enhanced Financial Capabilities
Our vision is to create the best value for all the stakeholders and investors and empower the dreams of young entrepreneurs who have the calibre to fly high. One of the fastest-growing NBFCs with several accomplished substantial transactions, Seeds Fincap Private Limited is an outcome of Subhash Chandra Acharya’s pure zest for helping the underserved, unserved entrepreneurs across the country with additional emphasis on people living in Tier II, III & IV cities.
The Delhi-based Non-Banking Financial Company – Non-Deposit Company (“NBFC-ND”), Seeds Fincap, was incorporated as a Private Limited Company in 2019 and received its Certificate of Registration on March 2021. Focused solely on lending to entrepreneurs for activities involving income generation, Seeds Fincap has already served more than 25000 clients and disbursed almost 200 crores in collateral-free loans.
The company currently operates 55 branches in 5 states—Haryana, Rajasthan, UP, Bihar, and Uttarakhand—and plans to grow to MP and other states in the future. It currently employs about 550 people. For people working on a micro or small scale in the trading, manufacturing, production, services, or dairy industries and operating in the same location for at least three years with a household income of at least Rs 6,00,000 per year, Seeds Fincap offers business loans up to Rs500,000 with a term of 24 months.
Through its dairy loan programme, Seeds Fincap has a strong emphasis on encouraging agricultural-related businesses. Many entrepreneurs who work in the manufacturing of agricultural-related goods as well as in the production of sustainable solar energy products are benefitted from this plan. Rural populations have a high level of financial exclusion due to a lack of access to formal finance because of limited or no knowledge of the availability of easy loans without the need for collateral.
The rural population is underserved due to operational reasons like limited financial service providers. Seeds Fincap aims to empower the dreams of such customers who are workers, youngsters, and small entrepreneurs through a variety of adaptable, innovative, and outstanding loan solutions that are tailored to their needs with the utmost satisfaction and transparency, Seeds Fincap strives hard to consolidate its position as a leading financial services provider focused on its comprehensive strategies that benefit both clients by boosting productivity, increasing investment returns and incomes to improve the quality of their lives and the lives of others who rely on them.
Seeds’ strategies include offering tech-enabled, costefficient, and transparent financing to underserved micro enterprises. Seeds Fincap’s USP areas are pre- and post-disbursement operations, risk management, and effective governance to make it the best NBFC and keep its clients happy. By disbursing and collecting all funds without using currency, it preserves complete transparency. One of the key company fundamental values is innovation in systems and products.
More than 25000 MSMEs with viable and attractive investment ideas that can result in successful ventures have received loans from Seeds Fincap Pvt Ltd totalling around 200 crores in value. After achieving sustainability, the firm aims to provide microentrepreneurs with a variety of financial instruments to fulfil all of their needs, either through its own book or through commercial alliances. By utilising its business network, the corporation also expects to boost customer profit margins while substantially raising the living standard of its clientele.
THE LATEST INDUSTRY EVOLUTION
The financial sector is going through a massive digital revolution that has changed the way it operates in order to find new, creative methods to offer better services. Seeds Fincap Pvt Ltd is technology driven to innovate easy financial support for clients and equip correct reporting for increasing internal and industrial standards in order to keep up with the shifting market trends. These technologies have created new opportunities and given us an edge by introducing regulated operations, cutting down risks, reducing human errors, enabling efficient decision-making, and improving communication.
OVERCOMING THE OBSTACLES ON THE WAY
The visionary leader shares, “Our challenge was to recruit the best resources, open branches, engage with potential investors and lenders, roll out product policy, get operaWtionally ready and launch the business. We never compromise the quality of the products, services, or employees.
To tackle the issue and to attract and engage enthusiastic and energetic candidates, we approached the educational institutions for campus recruitment to engage the local talents for various branches. Also, we spread awareness through social media platforms and print media, and these techniques worked well. The current Seeds Fincap team is well-trained to take every hurdle as an opportunity to improve, evolve and grow.”
“Winning the trust of our valued shareholders was another major hurdle for the team. We have been very fortunate to have won the support of our lenders as well, which is evident from the fact that we have raised more than Rs.50 Cr. from 15 lenders in the very first year of operation. Buoyed by their confidence in SEEDS, our belief in the success of SEEDS became even stronger”, he further added.
MR SUBHASH’S TAKE ON THE SIGNIFICANCE OF R&D
“Research is to see what everybody else has seen and to think what nobody else has thought.” We at Seeds Fincap Pvt Ltd understand the trends of the market, our customers, and their needs. With their diverse backgrounds and extensive professional expertise in the BFSI sector, our board and senior management team build a range of adaptable, forward-thinking, and excellent goods that are specifically tailored to meet the needs of the market.
SEEDS FINCAP TEAM – THE KEY DRIVING FORCE
“Seeds Fincap Pvt Ltd is a big family, and we call its members “The Seedians”. We have celebrated many happy moments together – be it festivals, the birthday celebration of staff, milestones/achievements of individuals, branches, or at the Company level; we have all lived it together,” Mr Subhash Chandra Acharya mentions when asked about his team. To create a solid structure, SEEDS consistently stresses team building and maintains ongoing engagement within teams.
They have always embraced an open culture and have been consistent in their contact with employees. They believe in ensuring the proper training, requisite learning and developing skill sets necessary for each employee to grow in their stature. Equal opportunities to grow and a transparent promotion policy help them to create leaders from within.
WORDS OF WISDOM
Seeds Fincap Pvt Ltd strongly believe in its core value -TRIUMPH, and that is the best advice Mr Subhash gives to the next generation of entrepreneurs.
• Trust: To be trusted is a greater compliment than being loved. – George MacDonald.
• Respect for All: When I look at a person, I see a person – not a rank, not a class, not a title. – Criss Jami, Killosophy.
• Innovation in systems and products: “The only way you survive is you continuously transform into something else. It’s this idea of continuous transformation that makes you an innovative company – Ginni Rometty.
• Upliftment of Talent: Everyone has a purpose in life and a unique talent to give to others.
• Making a difference: The purpose of life is to contribute in some way to making things better. – Robert F. Kennedy
• Passion for Succeeding: As long as you’ve got passion and faith and are willing to work hard, you can do anything you want in this life. Anonymous
• Honesty with Integrity: Honesty is the most single most crucial factor having a direct bearing on the final success of an individual, corporation, or product – Ed McMahon
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