A prodigious financial service provider, Ratnaafin has acquired the mandatory license to work as a Non-Banking Financial Corporation (NBFC) from the Reserve Bank of India (RBI). The company had bagged the insurance broking license from the Insurance Regulatory Development Authority (IRDA). Their main aim is to bring the much-needed financial services to small businesses and start-ups that are hit hard by the COVID-19 disruptions.
The NBFC certification will help the company to serve the needs of micro and small enterprises running in tier 2 and tier 3 cities which struggle to get credit from mainstream banks. They are driven to bridge the gap and foster comprehensive growth to support Micro, Small, and Medium Enterprises (MSMEs) who lack collaterals and have a limited credit history.
At present, the insurance market is seller-driven with almost no client representation. But the main objective of Ratnaafin Insurance Broking is to become a tech-enabled company that provides greater accessibility to the client’s insurance network. And they also plan to offer all financial services under one single umbrella with a common digital platform, optimizing deal and price discovery, credit analytics, decision-making algorithms, and documentation. With such a harmonized technological model, the company would help in molding financial decisions more convenient, quick, and transparent for the users.
Ratnaafin was launched in the year 2018 and from there onwards they had successfully served more than 1000 customers. They had syndicated debt transactions of more than Rs 1000 Crore. The core team of Ratnaafin has a cumulative experience of 50 plus years in finance, credit ratings, manufacturing, and trading, thus providing highly rich guidance during deal execution as well as general know-how about the market at large.
As a continuation of their journey, the company provides world-class loans; insurance, and financing solutions to support individuals and organizations. Currently, they had a retailer count of more than 1500 clients The company has so far set up four branches, thus becoming a pioneer in the finance industry. They provide adequate finance to the MSME sector of home loans and corporate loans. They had connections with experts in various fields who can give the best financial advice to the valued customers. Therefore, Ratnaafin is a one-stop solution for all debt requirements, loans, and financial needs.