ABOUT US
India’s First* RBI-Registered NBFC-Factor Delivering Working Capital to MSMEs.
Working Capital is a hidden asset & it is an art to manage it
As India’s pioneering RBI-registered NBFC-Factor, 121 Finance Private Limited fuses over 180 years of combined expertise in trade, banking, and credit to streamline invoice financing. We empower MSMEs with fast, customised solutions that turn receivables into immediate Working Capital, fostering stability and growth.
Service-based MSMEs – often overlooked by traditional lenders – gain a lifeline through our invoice factoring. We unlock cash tied in B2B payments, bridging the Working Capital gap that stalls operations and ambitions.
Technology powers our advantage with seamless integration into GeM Sahay and OCEN for instant, 24/7 disbursements via Straight Through Processing. A tech stack built on the rails of India’s Digital Public Infrastructure and with deep ERP integrations, helps us deliver collateral-free funding that’s fast, scalable, and off-balance-sheet – keeping your business agile.
Our Mission is to Make Trade Credit Accessible, Efficient, and Tailored to Real Business Cycles.
THE TEAM
Our Leadership
Satya Narain Modani
Chairman
About Satya Narain Modani
Mr. Modani is a 2nd generation entrepreneur with 50+ years in various businesses. He diversified into Ropes, Soaps, Detergents, etc. Under his leadership he took his total employee strength to more than 700 and had the largest unit for manufacturing Jute Ropes and Laundry Soaps in North-West India. After retiring in 2007, he started Ramjidas Modani Foundation, a charity, involved in providing healthcare to the rural areas.
Dr. Ravi Modani
Founder & MD
About Dr. Ravi Modani
Dr. Modani is the Founder and MD of 121 Finance Pvt Ltd and the Director on the Board of Factors Association of India. He holds a Ph.D. in working capital management and is dedicated to democratizing Trade Credit Finance for MSMEs.
He is a key contributor in OCEN, a key part of the Digital Public Infrastructure. He is a past President of TiE Rajasthan and currently a Governing Council Member.
With over 35 years of entrepreneurial experience, he has managed businesses in 5 countries and built a customer network across 32 countries.
Lalit Jain
Executive Director
About Lalit Jain
With 40+ years of working experience and a history of working in the banking industry, Mr. Jain knows almost every detail about the Indian Banking and Finance Industry. He worked for 39 years for the State Bank of Bikaner and Jaipur. Later serving as the Dy. General Manager of SBBJ, heading the Credit Audit department. After SBBJ, he joined Rajasthan Urban Cooperative Bank Ltd as their Managing Director.
Gazal Binani
CTO and Sr. Vice President
About Gazal Binani
A technology aficionado who loves to delve into solving major problems for enterprises with his expertise in the modern mechanism. Mr. Binani joined 121 Finance in 2015, using his excellent analytical and application skills, he rapidly graduated in his journey working as GM-IT to GM – IT & Operations to handling the CTO and Sr. Vice President positions. Mr. Binani currently heads the in-house tech division and operations teams at 121 Finance.
Dr. Vinay Mohan
Non-Executive Director
About Dr. Vinay Mohan
A Techno-Commercial professional with over 39 years of experience in running and reviving industrial projects, on behalf of banks and in the industry. Dr. Mohan’s portfolio includes handling assignments for institutions like SBBJ (ARCO, Titaghur Paper, Jayshree Chemicals, Shreeram Needle Bearing) and contributing to public and private sector enterprises such as Instrumentation Ltd. (Kota), Cimmco Birla, and Bharatpur. He is currently serving as the Promoter of Financial & Industrial Development Corporation (FIDCO)
TRUST AND WORTH
Awards & Recognition
Supply Chain Finance (SCF) Transformation – DNA Awards 2024
Best Design Thinking Initiative – DNA Awards 2024
Best New Product Initiative – DNA Awards 2024
MSME Digital Transformer – Tally Awards 2024
CORPORATE SOCIAL RESPONSIBILITY
Ramjidas Modani Foundation has been instrumental in providing free of cost/ subsidised heart treatments for the underprivileged, free heart surgeries for children. Under the advisory of SN Modani, the foundation has successfully helped with 150 child heart surgeries and countless medical checkup camps in rural areas.
Memberships
121 Finance In the News
121 Finance Bag Multiple Awards at DNA 2024
Dainik Bhaskar
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Factoring as a Working Capital Solution
How India’s first NBFC into factoring post revised RBI regulations is helping MSMEs unlock cash in unpaid invoices
Financial Express
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RBI certifies 121 Finance as the first NBFC-Factor after its revised regulations
