How TruCap Finance Empowers MSMEs And Women Through Inclusive Lending

Introduction To TruCap Finance Limited

TruCap Finance Limited, formerly known as Dhanvarsha Finvest Limited, is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). Operating since 1998, TruCap is a non-deposit accepting NBFC that is listed on both the NSE and BSE. With a focus on financial inclusion, the company primarily serves underbanked and underserved segments through secured and unsecured loan offerings. 

As of 31 March 2023, TruCap’s promoters held a 57.10% stake in the company, while institutional investor Aviator Emerging Market Fund held 6.07%. The remaining equity is distributed among various domestic and international shareholders, reflecting growing investor confidence in the company’s mission and operations.

TruCap specialises in providing Gold Loans and MSME (Micro, Small & Medium Enterprises) Loans across India. As of September, FY 2024–25, the company reported a loan book of INR 12.2 billion and a net worth of INR 2.32 billion. It offers tailored credit solutions with an average loan ticket size of INR 0.12 million. The company serves over 98,400 active borrowers—including more than 19,600 women. 

With a debt-to-equity ratio of 3.2x, a Gross Non-Performing Asset (GNPA) ratio of 2.6%, TruCap demonstrates prudent financial management while expanding its footprint. By blending technology with on-ground reach, TruCap is steadily building a scalable, inclusive lending ecosystem for India’s small business owners and individual borrowers.¹

Board Of Directors Of TruCap Finance Limited 

Here is the list of Board of Directors of TruCap Finance Limited along with their designations:

1. Mr. Rohanjeet Singh Juneja – Managing Director & CEO
2. Mr. Rajiv Kapoor – Non-Executive Non-Independent Director
3. Mr. Atwood Porter Collins – Non-Executive Non-Independent Director
4. Mrs. Rushina Mehta – Non-Executive Non-Independent Director
5. Mr. Nirmal Vinod Momaya – Independent Director
6. Ms. Abha Kapoor – Independent Director
7. Mr. Krishipal Tarachand Raghuvanshi – Independent Director

Source: TruCap Finance Ltd.²

Products Offered By TruCap Finance Ltd.

1. MSME Business Loans

TruCap Finance provides unsecured business loans tailored for Micro, Small, and Medium Enterprises (MSMEs) to support their growth and working capital needs. These loans are designed to be accessible and flexible, catering to the unique requirements of small business owners.

Key Features:

• Loan Amount: INR 1 lakh to INR 25 lakhs
• Tenure: 12 to 60 months
• Interest Rate: Starting from 16% per annum
• Processing Fee: 1% to 3% (Terms and Conditions apply)
• Collateral: Not required

These loans are ideal for businesses looking to manage cash flow, expand operations, or invest in new opportunities. The application process is streamlined, requiring minimal documentation, including bank statements, business registration proof, and identification documents.

2. Gold Loans

TruCap offers secured loans against gold jewellery, providing quick and hassle-free financing options for individuals in need of immediate funds. These loans are particularly beneficial for those who may not have access to traditional credit facilities.

Key Features:

• Loan Amount: INR 3,000 to INR 50 lakhs
• Tenure: Up to 24 months
• Interest Rate: 12% to 26.5% per annum
• Collateral: Gold jewellery

The gold loans are processed swiftly, ensuring that borrowers receive funds promptly. The pledged gold is stored securely, and the entire process is transparent, with clear terms and conditions. 

3. Green Energy Financing

In line with sustainable development goals, TruCap Finance offers financing solutions for businesses investing in green energy initiatives, such as solar energy projects. These loans support enterprises aiming to reduce their carbon footprint and promote environmental sustainability.

Key Features:

• Purpose: Financing for solar energy and other eco-friendly projects
• Loan Amount and Terms: Customized based on project requirements
• Interest Rate: Competitive rates tailored to the project's scope

By providing financial support for green initiatives, TruCap enables businesses to contribute positively to the environment while also benefiting from potential cost savings in the long term.

TruCap Finance Limited's diverse product portfolio is designed to cater to various financial needs, ensuring that both individuals and businesses have access to the necessary resources for growth and development. Their commitment to financial inclusion and support for sustainable initiatives underscores their role as a forward-thinking financial institution.

Source: TruCap Finance Ltd.³

TruCap Finance Ltd. Customer Care

For any queries or support, TruCap’s customer care team is here to help. You can reach them at 1800 210 2100 (toll-free) or email : contact@trucapfinance.com. For new loan enquiry you can give them a missed call on: 91-9222244349.

Championing Financial Inclusion For MSMEs And Women Entrepreneurs

TruCap Finance Ltd. stands apart for its dedicated focus on empowering underserved micro, small, and medium enterprises (MSMEs) and women-led businesses in semi-urban and rural India. By combining an extensive offline branch network in MSME hubs with innovative technology, TruCap ensures timely, secure, and hassle-free access to affordable credit-especially for first-generation entrepreneurs and those new to formal finance. 

Their commitment to financial inclusion, women empowerment, and responsible lending practices not only bridges the credit gap but also drives sustainable socio-economic development in the communities they serve

Also Read: Muthoot Capital: Powering India’s Mobility Dreams Through Trusted Two-Wheeler Financing

Key Strengths Of TruCap Finance Ltd.

Key Strengths of TruCap Finance Ltd. (Simplified)

1. Backed by Foreign Investors
TruCap Finance has the support of well-known foreign institutional investors (FPIs), such as Aviator Emerging Market Fund and Nomura Singapore Limited.

• Aviator is a SEBI-registered investor based in Mauritius and focuses on high-growth countries like India, UAE, Singapore, and Hong Kong.
• Nomura is a global financial services company that operates in around 30 countries, offering services to individuals, companies, banks, and even governments.

2. Strong Lender Network
The company has financial backing from over 30 lenders, including major banks and NBFCs like- SBI, HDFC, ICICI, Kotak, Cholamandalam, Hinduja, and Ambit.

It also has co-lending partnerships with banks such as: Central Bank of India, HDFC Bank, DCB Bank, UGRO Capital, and Shivalik Small Finance Bank.
This wide network shows the confidence lenders have in TruCap's business model.

3. Good Liquidity Position
TruCap maintained a strong liquidity position.

• Its Asset-Liability Management (ALM) showed no mismatches, meaning the company has enough cash to meet its short-term obligations.
• It ensures that it has sufficient funds to cover the next 2 months’ liabilities, which reduces financial risk.

4. Focused Product Strategy
TruCap has simplified its offerings and now focuses on just two main loan products:
Gold Loans and SME (Small and Medium Enterprises) Loans.

• It has stopped offering unsecured personal loans and long-term loans against property because they were riskier.
• Gold Loans are safer (secured) and short-term, which helps in quick capital turnaround.
• SME Loans provide higher returns (spreads) and support business growth.

5. Promoter Guarantee
The company’s promoter, Wilson Holdings Pvt Ltd, has given an unconditional and irrevocable guarantee. This means they have promised to cover any unpaid dues if needed, which adds a strong safety net for lenders and investors.

6. Strong Financial Conditions (Covenants)
TruCap has agreed to follow several important financial rules (called covenants) to keep its finances healthy. These include:

• Capital Adequacy Ratio (CAR) must be at least 25.00%.
• Loans not backed by gold should not exceed 40% of the total loan book (AUM).
• The company must not have any overall cash flow mismatches (ALM) within a year from when the bonds are issued.
• It should report a minimum profit before tax (PBT) of Rs. 2.50 Cr every quarter.
• The Net Interest Margin (NIM), which measures profitability, must stay above 7.00%.
• The Gross Non-Performing Assets (GNPA) must remain below 3.00% of the total assets.
• The company should always have enough cash to cover at least 2 months of debt repayments.

Financial Snapshot TruCap Finance Ltd.

Source: Source: audited financials, credit rating reports

To arrange the capital, TruCap Finance Ltd. also offers corporate bonds. These opportunities from the company are secured and are rated by credit rating agencies. On Grip Invest, investors invested in CARE ‘BBB’ rated bonds of the company that offered fixed returns of up to 13.5%. To invest in similar, rated, regulated and secured fixed-income opportunities sign-up for Grip Invest today and start earning fixed returns:

References:

1. TruCap Finance Limited, accessed from: https://www.trucapfinance.com/who-we-are/

2. TruCap Finance Limited, accessed from: https://www.trucapfinance.com/board-and-management/

3. TruCap Finance Limited, accessed from: https://www.trucapfinance.com/

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