JSW One Platforms has raised Rs 575 crore in funding from the State Bank of India (SBI), reinforcing its commitment to support micro, small, and medium enterprises (MSMEs) through technology-driven financial solutions.
The partnership marks a significant step for the company’s non-banking financial company (NBFC) operations, aimed at bridging working capital gaps for small businesses across India.
Parth Jindal, Chairman of JSW One Platforms, said the collaboration with SBI represents a long-term alliance that will strengthen the company’s ability to deliver timely credit to MSMEs.
The funding infusion is expected to significantly enhance JSW One Platforms’ lending capacity, enabling it to extend working capital support to a broader range of MSMEs.
These enterprises, which form the backbone of India’s economy, often face challenges in accessing timely credit, particularly for scaling operations or managing day-to-day liquidity.
By leveraging technology, JSW One Platforms aims to simplify the loan process, reduce turnaround times, and provide data-driven financial products tailored to the unique needs of small businesses.
The partnership with SBI also reflects the bank’s increasing focus on supporting MSME financing through private sector collaborations. SBI, which has been actively expanding its MSME lending portfolio, brings both financial clout and credibility to the initiative, ensuring that smaller enterprises can access formal credit at competitive rates.
Industry experts say the collaboration could set a precedent for similar alliances, combining the reach and reliability of established banks with the agility and innovation of tech-driven NBFCs. As MSMEs recover and grow in the post-pandemic economic landscape, access to structured, tech-enabled financing has become critical for sustaining operations and driving expansion.
JSW One Platforms’ NBFC arm, which operates alongside its broader digital and industrial ecosystem, has been increasingly focused on creating end-to-end financial solutions for small businesses, from working capital loans to trade financing. With the new funding from SBI, the company is poised to expand its footprint, enhance its product offerings, and strengthen its support for the MSME sector, which contributes significantly to India’s employment and GDP growth.
The Rs 575 crore investment is expected to accelerate JSW One Platforms’ efforts to empower MSMEs with efficient, technology-backed financial solutions while deepening its strategic partnership with India’s largest public sector lender.
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