LOGIN   |   SIGNUP

 

WHO WE ARE

121 Business Finance is also the trade name of 121 Finance Private Limited, which is a NBFC registered with Reserve Bank of India (RBI) as ICC (Investment and Credit Company).

Incorporated in 1984 as Yerrow Finance & Investments Pvt. Ltd., the name was changed to 121 Finance Pvt. Ltd. in 2019.

We are an alternative lender to MSME offering Receivables Finance, Trade Finance, Factoring Receivables, Structured Finance and at the same time offering qualified investors an asset class to invest their short to medium term surpluses.

121 Finance is a technology focused MSME business finance platform with core focus on short-term working capital finance. We, through our associates, also arrange for structured finance required for longer tenures. Over the period we have found niche in working capital finance for businesses with erratic or seasonal cycles, but with secured payments.

We are an NBFC Factor, with full focus on Invoice Discounting, Factoring and Reverse Factoring.

VISION

We aspire to be the leaders in business lending to MSMEs for working capital needs, with an annual disbursement of 500 crores by 2022.

MISSION

We strive to be the single-point solution for short-term working capital needs.

BOARD OF DIRECTORS
SATYA NARAIN MODANI

Satya Narain Modani

Promoter, Chairman
DR RAVI MODANI

Dr Ravi Modani

MD & CEO
LALIT KUMAR JAIN

Lalit Kumar Jain

ED
PRATAP NARAIN VERMA

Pratap Narain Verma

Independent Director
MENTORS

Manuj Goyal

CA Sunil Goyal

CA Govind Rathi

Alok Bardiya

MANAGEMENT TEAM
DR RAVI MODANI

Dr Ravi Modani

MD & CEO
LALIT KUMAR JAIN

Lalit Kumar Jain

ED
Gazal Binani

Gazal Binani

GM & CTO
121 Finance
WORKING CAPITAL LOANS TO HELP MSMEs FLY HIGH

We believe in the power of MSMEs as engines of economic growth that will drive India forward.

Unfortunately, lack of internal expertise on working capital management is a big impediment in the way of these MSMEs realizing their full potential. Add to this, limited capability among banks to do a cash-flow based assessment of such profiles and manage the risks arising out of such short-term working capital loans, and there seems to be little hope.

ENTER 121 FINANCE, WORLD’S 1ST ONLINE PLATFORM FOR SHORT-TERM WORKING CAPITAL FINANCE

We provide fast, flexible trade finance for established small businesses that have operating history, cash flow and a strategic plan for growth.

We are specialist alternative lenders with differentiated product offering that enables us to address customer needs across lifecycle and income growth. We work closely with our borrowers to guide them and assess in advance their working capital requirement.

With a strong team of visionary promoters and professional management, 121 Finance runs on highly structured and transparent processes. These processes are a manifestation of our deep rooted corporate values of trust, integrity, excellence and sharing of wealth.

COLLECTIONS CODE OF CONDUCT

We strictly follow and abide by the best practices prescribed by the RBI and other regulatory bodies for our collections code of conduct.

DRIVEN BY RELATIONSHIP

A good lender-borrower relationship underlines any truly fruitful business lending transaction.

At 121 Finance, relationship is the cornerstone of all associations and transactions. Our philosophy about our borrower is purely relationship based and not a short term, transaction-based. Our tech platform is equipped to design products suitable to the borrower and offer him options of repayment tenures, keeping his cash flow in consideration.

CUSTOMIZED PRODUCT TENURES

Specially Designed Daily Product: Our tech enabled Treasury management is specially equipped to offer trade finance for as short as one day duration. This is win-win for both, the borrower and us.

This has become more useful and relevant in the new modern banking changes in India, with fewer banking days, but more banking hours.