Clix Capital, a non-bank financial company, has secured ₹220 crore in new equity funding. This round was led by existing investors Apollo Global Management, Pramod Bhasin, and Anil Chawla. Rakesh Kaul, CEO of Clix Capital, stated that this investment will help them better serve underserved MSMEs (Micro, Small, and Medium Enterprises) across India, aligning with the government’s focus on the MSME sector.
The company plans to use the funds to improve lending in the MSME, education, and healthcare equipment sectors, enhance its credit profile, and invest in advanced AI and machine learning technologies.
Utsav Baijal, Partner and Head of India Private Equity at Apollo Global Management, expressed satisfaction with the investment, noting significant value creation and growth potential for Clix Capital in India’s expanding MSME sector.
Clix Capital has grown its assets under management (AUM) at a compound annual growth rate of over 30% in recent years. Currently, its AUM exceeds ₹6,000 crore with gross non-performing assets (GNPA) of less than 2%. The company has disbursed over ₹26,000 crore in total lifetime loans.
With this new equity, Clix Capital aims to surpass ₹10,000 crore in AUM within the next 18-24 months, focusing on expanding into new regions and growing key sectors of MSMEs.
C.M. Vasudev, Chairman of Clix Capital, highlighted the company’s strong foundation and Apollo’s continued support as essential to fulfilling the aspirations of unserved Indian MSMEs. Clix Capital now operates in over 2,100 pin codes across India with a workforce of more than 1,000 employees.
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