Who Owned Clix Capital?
Clix Capital, a leading digital non-banking financial company in India, has an intriguing history. Founded in 2016, the company has grown rapidly, with a loan book size of over Rs 5,000 crores and serving over 3 million customers. But have you ever wondered who owned Clix Capital? In this article, we’ll delve into the company’s ownership structure and explore its journey.
Founding and Early Years
Clix Capital was founded in 2016 by Pramod Bhasin and Anil Chawla, two experienced entrepreneurs with a deep understanding of the Indian financial landscape. The company started by acquiring the commercial lending and leasing business of GE Capital in India. This strategic move enabled Clix Capital to tap into the vast network of GE Capital’s clients and leverage its expertise in the market.
Investors
Clix Capital has several institutional investors, including:
• AION Partners: A private equity firm focused on investing in growing companies in India.
• Global Climate Partnership Fund: A fund that aims to promote sustainable development and climate-resilient projects in emerging markets.
• Pride Capital: A private equity firm with a focus on investing in companies with strong growth potential.
CEOs Message
In 2023, Clix Capital completed 7 years of its journey. The company’s CEO, Pramod Bhasin, marked this milestone by sharing a message of gratitude and pride. He emphasized the company’s commitment to innovation, customer satisfaction, and growth.
Other Interesting Facts
• Clix Capital has a presence in multiple cities across India, with a strong focus on the retail and MSME (Micro, Small, and Medium Enterprises) segments.
• The company has implemented a robust technology platform, enabling customers to access financial services seamlessly and efficiently.
• Clix Capital has received several awards and recognitions for its innovative products and services, including the "Best Digital Lender" award at the Indian Retail Banking Awards.
Financial Performance
As of June 2023, Clix Capital had Rs 343.7 billion in deposits and Rs 467.8 billion in total assets. The company has consistently demonstrated strong financial performance, with a net profit after tax of Rs 1,099 thousand in FY 2020.
Conclusion
In conclusion, Clix Capital is a rapidly growing financial company with a strong ownership structure and a focus on innovation, customer satisfaction, and growth. From its humble beginnings in 2016 to its current status as a leading digital lender, Clix Capital has come a long way. With its commitment to sustainability and its robust financial performance, the company is poised for continued success in the years to come.