Our Sponsors and Partners

IFCI Factors Ltd.

IFCI Factors Ltd. (erstwhile Foremost Factors Limited) provides factoring and related services to clientele across industries in India. Since its takeover by IFCI Ltd (www.ifciltd.com) in 2008, a leading financial institution of India, IFCI Factors Ltd. (www.ifcifactors.com) has established its offices in 8 cities in India. IFCI Factors Ltd. (IFL) provides both domestic and export factoring services, advance against future receivables and short term corporate loans.
The SME sector doesn’t have easy access to funds due to lack of a successful track record of servicing debt capital, lack of collateral and lack of sound credit rating. Working as a supplier to or customer of larger firms locks an SME’s funds up in form of receivables and payables, creating a crunch in the cash flow. To add to that, when in an expansion mode, this cash shortage magnifies and manifests itself as a serious challenge in management of working capital.
Factoring helps entrepreneurs manage their cash-flow better and is superior to conventional bank facilities in terms of its flexibility, efficient delivery, reliance on transaction track record than on mere financials or collateral and added services. In factoring, an SME sells its accounts receivables to a factoring firm for immediate cash to finance its day to day operations.
Being the pioneers of international factoring services in India, IFL understands the challenges that SMEs in various industries encounter in effectively managing their working capital. IFL’s product offering includes sale bill factoring, export factoring, purchase bill factoring, advances against future receivables/deferred receivable financing, financing of L/C backed bills etc. and short term corporate loans.