New Delhi, 6th December 2023: Red Fort Capital announces disbursement of Rs 2.05 Cr as a working capital loan and invoice discounting facility to Centech Engineers Private Limited (“Centech Engineers”). These facilities will help Centech Engineers maintain cash flow, enabling the business to cover its expenses, invest in growth opportunities, meet financial obligations, and complete its work orders.
Incorporated in 2006, Centech Engineers Private Limited is engaged in designing, consulting, and commissioning HVAC (Heating, Ventilation, and Air Conditioning) and mechanical, electrical, and plumbing projects. Centech Engineers has served many companies from different fields like Pharmaceuticals, Chemicals, Biotechnology, Diagnostics Laboratories, Health Care, etc.
Centech Engineers’ is truly a Make in India company with clientele ranging from RPG Lifesciences, Lupin, Theon, etc., to completely dominating global markets covering Nepal, Togo, Ghana, and Algeria.
“We needed quick capital for our day-to-day business operations. Red Fort Capital’s term loan and invoice discounting facility will act as a catalyst in acquiring more projects and facilitate exponential growth”, said Mr Pawankumar Chunduru, Director of Centech Engineers Private Limited.
“This disbursement is a testament to confidence Red Fort Capital has in Indian manufacturing and growth story; Centech Engineers Private Limited and promoters have the potential to dominate the Global Market”, said Mr Parry Singh, Chairman and CEO of Red Fort Capital.
About Red Fort Capital:
Red Fort Capital Finance is an RBI registered Investment Grade NBFC specializing in providing quick Business loans to Micro, Small and Medium Enterprises (MSME) – typically in under seven days.
Red Fort Capital was founded by Mr Parry Singh, a serial entrepreneur who has founded over nine companies. Red Fort Capital has multiple financing vehicles, including its Regulated NBFC in India, a globally focused Principal Investing Group, and market-leading Private Equity Funds.
Red Fort Capital NBFC seeks deals of Rs.1 Cr to 10 Cr for financing for working capital, equipment and machinery.
