Thursday, September 28, 2017

Riteish Deshmukh Face of TAB Capital India’s Fastest growing NBFC

The award-winning NBFC reflects the same qualities of reliability, approachability & mass-appeal

 In a major milestone, Pune-based TAB Capital Limited, award-winning & fastest-growing NBFC in the country, has roped in Riteish Deshmukh as its Brand Ambassador. TAB Capital Limited is synonymous with versatility in terms of financial products and technology driven lending solutions and also in terms of easier approachability. Riteish Deshmukh is the perfect face for the brand, given his reliability, approachability and widespread appeal, cutting across age-groups and segments.

Speaking of his association with TAB Capital, Riteish Deshmukh said, It is a pleasure to be associated with the leading Digital Lending NBFC, TAB Capital, catering to the micro, small & medium entrepreneurs – especially, the underserved MSMEs.” Riteish further talked about looking forward to this new journey, after having played diverse roles in several artistic and commercial films for over a decade. “Enterprises today have several options in the market for raising business funds. However, TAB Capital Limited is unique by providing funds digitally and closing the process within just 2 daysWith the increasing pace of digitalization in the country today, TAB Capital will be playing a key role in empowering the enterprises of today,” he continued. He further appreciated the company for adopting a friendlier and more effective approach towards customers, thereby quashing their anxieties about approaching any financial institution at the very outset.

Riteish is known to be one of the most punctual stars in the film fraternity today and TAB Capital prides itself in disbursing loans within 2 working days via its cutting-edge digital application process. Elaborating on their selection of brand ambassadorCA Abhay Bhutada, Founder & Managing Director at TAB Capital Limited said, “Riteish Deshmukh is ideal to be the brand ambassador of the organization since he embodies the same spirit of learning, growth and accessibility that TAB Capital stands for. Furthermore, Riteish is hugely liked and revered by people across demographics and geographies. Besides, also taking into account his growing following on social networks, we believe him to be the right fit for TAB Capital’s Brand Ambassador.

Seemingly different, Riteish and TAB Capital has a lot in common. While Riteish highlighted the perpetual need amongst actors to continuously reinvent them, TAB Capital Limited is also driven by the pursuit of continual betterment of services. Just like Riteish was inspired to go beyond his conventional job of an actor and ventured into production, singing and more, TAB Capital disrupts the status-quo and provides a bouquet of financial services meant to best service the needs of present day users.

Having found the perfect fit for the brand ambassadors, TAB Capital will be working with the Bollywood star on various offline and online marketing materials & collaterals.

TAB Capital Limited is the fastest growing and award-winning NBFC headquartered in Pune and founded by CA Abhay Bhutada. Registered with the RBI as a Non-Deposit taking NBFC. It is revolutionizing Digital Lending for SME Finance with its branches in Delhi, Bangalore, Chennai, Pune and Hyderabad.

The USP of TAB Capital lies in its unconventional approach towards quicker and hassle-free funding. Instead of relying on security or financial ratios, TAB Capital utilizes customer profiling, cash-flows, business model, social behaviour and personal discussions with promoter for credit appraisal. Its loan size ranges from Rs.2 lakh to Rs. 1 crore with the average loan size being around Rs. 10 lakhs.
To better serve the MSMEs, TAB Capital currently provides loan products like Equipment/Machinery Loan, Business Loan, Merchant Cash Advance against POS Machine Transactions, Working Capital Demand Loan and Loan against Property.

The company is focused at creating an extensive product portfolio, well-supported by a capital base and growing its presence across digital mediums & multiple geographies. Aiming to include 10 new branches and double its employee strength in the coming few months, the company is looking to raise equity of Rs. 100-150 Crore over the next 2 years for strengthening its data science capabilities and enhancing its technology platform. TAB Capital has crossed Rs. 100 Crores AUM in June’2017 & planning to achieve Rs 500 Crore AUM by March 2019.

 TAB Capital was recognized as the “Best Start-Up Profit Making NBFC” at the hands of Shri Suresh Prabhu, the Hon’ble Railway Minister of India. TAB Capital was recognized as ‘Fastest Growing Digital Lending NBFC of India’ at Digital India Summit 2017 at the hands of Shri. Ravi Shankar Prasad, Hon’ble Minister for Information Technology. Recently, the company was awarded as the ‘Fastest Growing NBFC’ at SME Manufacturing Summit 2017 at the hands of Smt. Arundhati Bhattacharya, Hon’ble Chairman of State Bank of India.

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