TAB Capital has further gain solidified its status as the award-winning and fastest growing NBFC in India. The latest feather in its cap comes in the form of recognition by the Chairman of State Bank of India at the award function organized by SME Chamber of India in Mumbai on 8th September, 2017.
In the view of its key undertakings and initiatives, TAB Capital was been named the Fastest Growing NBFC of 2017 by the Chairperson. And this is not all! For being the reckoning force behind TAB Capital ever since its inception in March, 2016, CA Abhay Bhutada was named the Young Entrepreneur for the year 2017 on India SME manufacturing Summit. Registered with the RBI as the non-deposit taking NBFC, TAB Capital has achieved AUM of 101 crores, as of 31 July 2017.
Commenting on the win, CA Abhay Bhutada, Chairman and MD, TAB Capital said, “It was a humbling experience to be recognized for our contributions and receive the honour from the esteemed Chairperson of SBI. The recognition validates the risks we have taken in the past and the struggle we have had to streamline financing and spread financial inclusion in India. If anything, the awards further motivate us to continue our crusade and bring under the purview of financial inclusion, the burgeoning number of MSMEs, Professionals and Service sector enterprises.”
TAB Capital has carved a unique niche for itself by providing customized loan products best suiting the requirements of the borrowers. To MSMEs in particular, the NBFC provides diversified solutions, including Equipment or Machinery loans, Merchant Cash Advance against POS Machine Transactions, Working Capital Finance and General-Purpose Business Loans. Typically, the loans provided by TAB Capital ranges between 2 Lakhs to 1 Crore, with an average ticket size between 10 to 15 lakhs. In addition, the company is willing to adapt and design new products, in order to remain abreast with the changing times and provides its users with the perfect solutions.
Previously, the NBFC was recognized as the “Emerging Tech Savvy NBFC” at the MSME Banking Excellence Awards instituted by CIMSME. TAB Capital emerged as the “Best Start-Up Profit Making NBFC” at the hands of Shri Suresh Prabhu, the Hon’ble Railway minister of India. In addition, at the Digital India Summit 2017 the company won the award for the ‘Fastest Growing Digital Lending NBFC of India’ at the hands of Shri Ravi Shankar Prasad, Hon’ble Minister for Information Technology.