Electronica Finance Ltd. – Machine Loan For Business In Pune
Electronica Finance Ltd, incorporated in 1990, is a part of the SRP Electronica Group and a pioneer in the field of Machine Finance. Electronica Finance Ltd. Provide machine loan for business in Pune. After an eventful journey of close to 3 decades, EFL today has more than 40 offices across the country, has served more than 7500 customers and has an AUM in excess of Rs.1150 crores.
The origin of the SRP Electronica Group was that of a manufacturing company started by a group of first-generation technocrats. With the experience of starting a new business also came the realization about the challenges, especially financial, that a typical SME business has to face. As a result, the group’s understanding of machines, as well as manufacturing experience, was leveraged to start the financing of machine purchases, which at that time was a pioneering effort.
This understanding was also used to start other innovative services like doorstep finance and assessment-based financing. Very soon, EFL started financing machines of other manufacturers in the machine tool as well as other industries. EFL’s ground-breaking products, services, and last-mile connectivity were also recognized by SIDBI, which resulted in a partnership that is now more than 12 years old.
Keeping in mind the overall philosophy of customer centricity and assessment-based financing, products such as loans for the purchase of industrial properties, bill discounting and working capital loans were introduced and they have contributed to EFL’s success. EFL today continues to be shaped by its experiences and philosophy of customer-centricity, innovation, and transparency.
This is also the genesis of new business verticals like microenterprise financing, which aims at providing much-needed funds to businesses across the trading and service industry.
With its vision of “Creating success stories for businesses”, EFL is perfectly poised to successfully continue on this journey of passion and progress.