SMALL AND MEDIUM enterprises (SMEs) have few dedicated institutions that they can turn to, especially in the private sector. But Gurugramheadquartered Oxyzo is a pioneer in this regard, offering cash flow-aligned lending products for buying key raw materials such as metals like steel, aluminium, copper, zinc, polymers, chemicals, and agro products (foodgrain and spices).
Started in 2018 by husband-wife duo Asish Mohapatra and Ruchi Kalra, Oxyzo Financial Services, the lending arm of B2B commerce unicorn Of Business, is a technology-enabled NBFC that caters to SMEs and emerging corporates in the core sectors.
Over time, the fintech has expanded its product suite to cater to multiple requirements of SMEs.
It also facilitates wider services beyond lending. For example, it helps in raw material purchases and technological solutions.
The seven-year-old fintech firm has grown its assets under management from ₹4,700 crore in FY23 to ₹6,700 crore in FY24 and intends to maintain a 30%-plus growth rate going forward.
The fintech firm's net profit rose 47% to ₹290 crore in FY24, from ₹197 crore in FY23, and its revenue jumped 59% to ₹904 crore in FY24 from 569 crore in FY23.
هذه القصة مأخوذة من طبعة January 05, 2025 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 05, 2025 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach
