Repos Techfin India Private Limited

In their own words

Repos TechFin is working towards bringing in absolute transparency in the fuel credit industry by leveraging technology. By enabling Petrol Pump owners with the right underwriting & monitoring tools, extended and undue credit can be narrowed down and eliminated thereby reducing credit costs & bad debts. Industry Problem Statement: Credit Business in the diesel industry is highly disorganised as petrol pump owners don’t run a credit check on their clients. Tedious follow up and recovery process Lack of legal documentation Huge interest loss by petrol pump owners on their OD Limits Wasted manpower Our Business Plan to address the above: Phase 1: Credit Management & Control Platform for Petrol pump owners Medium to the Petrol Pump owners to manage and control the credit extended to their customers thereby saving time and manpower costs. (Sale records, Invoice Generation, Auto Payment follow ups, Payment entries, interest calculation) Proprietary Credit Scoring Mechanism which ties together multiple parameters to produce a unique “Diesel Score”. This eliminates the possible losses that may derive from the potential risk of lending to doubtful customers. Customers credit history, their consumption pattern are the factors at play while underwriting a new customer. Generation of Legal Documentation to facilitate organised credit and binding, enforceable arrangements Submission KYC documents like PAN Card, Aadhar Card, Bank Statement (for underwriting) digitally. Phase 2: Provision of Loans to dealers as working capital through Techfin Platform to lend to Repos Customers Phase 2 will allow fuel stations to receive loans based on their sales volumes, helping them plan immediately for demand and seasonality. This will be a closed loop lending as the Fuel stations regular e-commerce business cash flow receivables which happens on our platform will be hypothecated to us Repos will have full visibility of the use of proceeds as lending will only be to e-commerce customers. Phase 3: Provision of Loans to end consumers as diesel credit to buy fuel on our platform. Recognizing the need for flexible working capital credit, Repos Techfin would offer Technology driven credit options that are unprecedented in the diesel industry. This final rollout is strategically planned post completion of phase 2 where Repos Techfin will undertake top customers enjoying credit through registered dealers on its own book. Strong supporting consumption and payment history of these end customers will ensure better underwriting and thereby creating a low-risk and diversified book. Founding Team: Aparajit M. Subramanian: Aparajit is a young dynamic finance professional with deep experience in Investment Banking and Institutional Venture Lending. His academic excellence from the classrooms of Harvard Business School add to his caliber in the areas of Corporate Finance and Private Equity. Aparajit has, at his previous stint, built innovative financial products for retail lending to multiple business sectors. He has also worked on New-economy venture investments at a leading NBFC where he looked after various sectors such as BFSI, Hospitality, E-Commerce and Real Estate. In his free time, Aparajit is an avid chef cum baker. Playing with his pets is his favorite stressbuster. Chetan R. Walunj : At the age of 29 Chetan has a very rich experience of more than 8 years of managing Rajlaxmi Service Center (Retail Petrol Pump ). It was at the age of 21 when Chetan took over the entire management of the Fuel Station. He is a hands-on job person. When coders were not sure of what to design in an app for a fuel distribution system, Chetan himself with no knowledge of IT, conceptualized the entire App himself and made it easier for his tech team. He relishes operational challenges and believes in learning and doing what is needed to be done. Rajendra D. Walunj: With experience of working in reputed automobile companies like Bajaj and Tata Motors, Mr. Rajendra Walunj gathered the invaluable knowledge and know how of how an automobile manufacturing company works. Emboldened by his experience, he finally decided to answer his entrepreneurial call and started with a small manufacturing workshop to make tractor trolleys. Over the years, the entrepreneur in him successfully returned into different verticals such as Banking, Real Estate development and petrol pump management. Today he is the anchor and power source that is taking care of development of the Repos Group. Mr. Rajendra Walunj has also served on the board of a Co-operative bank for the last 10 years bringing invaluable knowledge and know how to our table.

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