Performance highlights 2022-23
Revenue YOY Growth
Revenue 29.73 Cr - 117% YOY Growth
Business Growth from 13,500+ Cr to 25,000+ Cr
Profit After Tax from -28 Lacs to 8.53 Cr
MSMEs registered on the platform.
Large corporate and PSUs onboarded on the platform.
Financiers including Banks and NBFCs
Gender Diversity
Gender Diversity
In March 2023
In FY 2022-23
Total throughput
RXIL's TReDS platform has client base of Sellers, Buyers, Financiers spread in 1166 cities across the country
RXIL Global is a subsidiary of Receivables Exchange of India Limited (RXIL), poised to become an integrated provider of financing opportunities par excellence, benchmarked with global best for supporting the growth and development of Indian and global enterprises in unleashing their full potential towards global trade and commerce. The platform is aimed at tapping global financing opportunities and liquidity to meet India’s development needs and provide a globally competitive financial platform for full range of financial services at global and regional levels
ITFS is an electronic platform for facilitating trade financing for exporters and importers by providing access to multiple financiers. This platform plays an important role in arranging credit for exporters & importers from global institutions through Factoring, Forfaiting and other trade financing services at competitive cost.
RXIL Global ITFS platform plays a pivotal role in addressing the financing gap for the Exporters and Importers based out of India and globally. The ITFS platform has a potential to become one of the key building blocks of the national infrastructure to provide further velocity to this trend. Currently, minimal percentage of the total export and import in India has been financed through the model of LC’s, recourse-based bill discounting, as compared to other countries where the percentage of financing through instruments of factoring and forfaiting is quite high. Such low financing percentage create a hindrance in growth, ITFS will play a crucial role to help the corporate and small business units to prompt financing at internationally competitive rates.
The first meeting of the GPFI Working Group under the G20 finance track during India's G20 presidency was held in Kolkata. West Bengal CM Mamata Banerjee attended the event and discussed the digital measures undertaken by RXIL through the innovative TReDS platform with the RXIL team. RXIL is proud to contribute to the summit's goal of promoting economic growth and stability and discussing measures to create a more sustainable and prosperous future for all.
RXIL proudly participated in the G20 summit in Bengaluru, engaging with industry leaders to discuss global economic policy and growth. RBI Governor Shaktikanta Das interacted with RXIL during the event to foster a sustainable and prosperous future. RXIL expressed pride in contributing to the summit that aimed to promote economic growth and stability while discussing measures to create a more sustainable and prosperous future for all.
RXIL was honored to be part of the G20 forum in Mumbai. Mr. Ketan Gaikwad, MD & CEO of RXIL, was one of the esteemed panelists in the 2nd session of the First trade and investment working group meeting held during the “International Conference on G20 Trade Finance Cooperation” in Mumbai. The discussion focused on "Accelerating digitalization and how fintech solutions can improve access to trade finance for MSMEs.
RXIL had the distinct privilege of hosting G20 delegates who were in Mumbai to participate in the Global Partnership for Financial Inclusion (GPFI) meeting under the G20 Presidency and host members from SME Finance Forum, managed by the IFC (International Finance Corporation) for a study tour. The tour was a part SME Finance Forum’s 3 days meetings in Mumbai on Digital Ecosystems and the future of SME financing.
RXIL showcased TReDS (Trade Receivables Discounting) platform for MSMEs and the underlying innovation in the field in financial inclusion in this study visit, highlighting the pivotal role aimed at fostering a sustainable and prosperous future for all. This opportunity allowed us to hear global financial experts, facilitating interesting discussions on financial inclusion and sustainability.
Awards and Recognitions
"The development of our TReDS platform has been a groundbreaking endeavour, providing a digital and seamless avenue for all the participants in the supply chain. The platform has revolutionized invoice financing, offering a swift and streamlined process that enhances cash flow and boosts businesses' growth potential.
The impact of TReDS on our economy cannot be overstated. By empowering Micro, Small, and Medium Enterprises (MSMEs) with a timely and efficient mechanism to convert their invoices into receivables, we have unlocked tremendous opportunities for these enterprises to thrive and scale. The ripple effect is far-reaching, stimulating economic growth and job creation."
Reach out to us at: support@rxil.in
