Mufin Green Finance

India - New Delhi, Delhi

• 31/07/2023
• Unknown
• $1,000,000

Mufin Green Finance is India's first listed NBFC with a 100% focus on EV financing. With a capital base of 150 Cr and a disbursement history of 250Cr and EV vehicles, we have financed EV assets worth more than 300Cr over the last couple of years. Our commitment to sustainability and financial inclusion has helped us become one of the leading EV finance providers in the country. We hold a 7-8% market share of Erickshaw financing in our operating territory, spread across 14 states.

As an impact-driven company, we are backed by Incofin India Progress Fund, a Belgium-based impact investor, as equity partners. Our debt partners include State Bank of India (India's No. 1 government bank), IREDA (India's most trusted financial institution for renewable energy) and Symbiotics (a global impact fund) that has started a partnership in the form of green bonds with Mufin Green.

Our vision is to make the world a healthier and wealthier place for all. We are all about making a positive and lasting social, environmental, and financial impact. We have received technical assistance from Shell Foundation, a leading organization in sustainable solutions. This validates our commitment to creating a positive impact in a clean and greener way.

Our goal is to revolutionize the EV industry in India by offering customized financing solutions to meet the needs of the EV segment. We have already disbursed more than INR 300 crores towards electric vehicles, making a tangible difference to the health of our planet. Our aim is to grow 7X-8X in this financial year and reach a benchmark of 750-800Cr AUM by adding more financing products like 2-wheelers, 3-wheel autos, 4-wheelers, electric trucks, and charging infrastructure to our portfolio over the next 12 months.

Related People

Kapil GargFounder

India - Delhi

Kapil Garg is a dynamic entrepreneur and investor, who enjoys spending time with his family and friends.

Kapil is the Founder and Director of Hindon Mercantile Limited. A Delhi based company, that aims at serving the un-bankable India and holds a vision to uplift lives by efficiently working towards better employment, providing working capital, insurance as well as funding micro business loans. It is a driving factor in expanding Fintech industry in the Indian subcontinent.

Kapil promotes for RupeeCircle a new age Peer-to-Peer (P2P) lending company that strives to make borrowing better and lending smarter, using artificial intelligence(AI).

Founded in 1979, KRA & Co provides various consulting services focusing on outsourcing, auditing and taxation. It has grown into 2500 small, medium and large scale businesses across diverse industries with high satisfactory rate amongst the consumers.

At Mufin, he believes in using technology for all operations concerning with the financing processes. It a paperless company using unparalleled loan origination and loan management system, operating across seven states in India, managing assets management of 150 FinTech & Tech based companies. Mufin has dispersed loans for about 1500 crores rupees since 2016.

Kapil, a certified chartered accountant from India and a qualified CPA from Australia with a Masters in Law. He has an incomparable knowledge about the start up arena in India with eighteen years of experience in diverse business fields, including being part of government advisory boards involving consumer centric knowledge. With his enthusiasm and vigour towards finance and accounting, he completed a certification course on forensic accounting and fraud prevention from ICAI recently.

Kapil resides in Delhi with his wife and a son.

LinkedIn https://www.linkedin.com/in/kapil-garg-562620188/