NBFC Sagar Deposits Secures Funding From Mauritius Based Aviator EMF
Mumbai, India : Sagar Deposits and Advances Ltd (SDAL) aims to serve India’s traditionally underserved populace who find it difficult to secure a timely loan from banks or any other FIs. They are reshaping the way customers get loans and enhance the customer experience. They offer two-wheeler loans, loans against property, personal loans, and an online banking solution to get short-term loans called Paisa Online.
Aviator Emerging Market Fund has invested into Sagar Deposits and Advances through NCDs (Non-Convertible Debentures).
Aviator Emerging Market Fund operates under a License issued by the Mauritius Financial Services Commission. It is also registered with the Securities and Exchange Board of India (SEBI) as a Foreign Portfolio Investor. The fund has a clear focus on the Financial Services Sector, particularly NBFCs and Microlenders in India.
Speaking about the investment, Farhana Ali Mohamed, Director of Aviator EMF said, “Sagar Deposits is a key Category B NBFC operating out of Rajasthan, with a growing client base. They are a strong and ethical player in the business with a great scope to grow much bigger. As a quasi social-impact fund, we are actively investing into companies that uplift the weaker sections of society, and are quite glad to partner with SDAL as an investor.”
The promoter of SDAL Mr. Ashish Sharma said, “We are delighted to partner with Aviator EMF. They have seen our potential of growth and our ethical lending practices towards the traditionally underserved population that find it difficult to get loans. This investment will help us grow our loan book. and take care of the capital requirements of a fast-growing company such as ours.”
About Sagar Deposits & Advance Ltd (SDAL)
Sagar Deposits and Advances Ltd.(SDAL) is a Category “B” Public Deposit accepting NBFC Registered under section 45A of the Reserve Bank of India. SDAL’s vision is to serve India’s traditionally underserved populace who find it difficult to secure a timely loan from banks or any other FIs. They’re reshaping the way customers get loans and enhance the customer experience. For more information visit https://www.sdal.in
About Aviator Emerging Market Fund
The Aviator Emerging Market Fund operates under a Category 1 Global Business License issued by the Mauritius Financial Services Commission (“FSC”) to operate as a self-managed Collective Investment Scheme under the Securities Act 2005.
The Fund is focused on Emerging Markets like India, UAE, Singapore, Hong Kong, and non-EMs like the US, UK, when superior earnings opportunities present themselves. For more information visit www.aviator-emf.com