Thursday, November 14, 2019,

Receivables Exchange of India Limited

Mr. Ajay Kumar Kapur

Shri. Ajay Kumar Kapur

Mr. Ajay Kumar Kapur Director

Mr. Ajay Kumar Kapur, serving as Deputy Managing Director of Small Industries Development Bank of India (SIDBI), is a graduate in Industrial Engineering from IIT, Roorkee. SIDBI is the apex financial institution in India for promotion, financing & development of Micro, Small & Medium Enterprises sector and coordinating the functions of similar institutions serving the sector. It provides to MSME, through its 79 branches spread across the country, complete range of direct financial services which includes term loans of different tenors for various purposes, working capital, risk capital in different forms, receivable finance, etc. besides providing refinance and resource support to banks, SFCs, MFIs and other financial intermediaries for onward flow of credit to MSMEs.

SIDBI also provides range of services to MSMEs through subsidiary and associate organisations promoted by it. This includes SIDBI Venture Capital Limited (SVCL), Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE), SME Rating Agency of India Limited (SMERA), India SME Asset Reconstruction Company Limited (ISARC) and India SME Technology Services Limited (ISTSL). SIDBI also caters to the needs of the unfunded segment by way of development and refinancing activities through Micro Units Development and Refinance Agency (MUDRA) Ltd, a wholly owned subsidiary of SIDBI which was launched by Hon’ble Prime Minister on April 8, 2015. SIDBI in partnership with NSE, has set up Receivables Exchange of India Ltd. (RXIL) to operate a platform for TReDS, which is an institutional mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers.

An engineer from University of Roorkee, Shri. Kapur started his career in 1980 with erst-while Punjab Tractors Ltd. in company’s Harvestor Combine Unit near Chandigarh and switched to development banking when he joined IDBI in 1985.

He has been working with SIDBI in various capacities since its establishment in 1990 in diverse areas such as branch operations, bills discounting, factoring, receivable finance, business process reengineering, HR, etc. and also served as Chief Executive Officer of SIDBI Venture Capital (SVCL) from 2004 to 2009.