{"id":3541,"date":"2023-07-22T12:52:00","date_gmt":"2023-07-22T12:52:00","guid":{"rendered":"https:\/\/blog.kredx.com\/?p=3541"},"modified":"2023-10-26T04:35:35","modified_gmt":"2023-10-26T04:35:35","slug":"the-growth-story-of-indias-leading-electronics-distributor-with-kredx","status":"publish","type":"post","link":"https:\/\/www.kredx.com\/blog\/the-growth-story-of-indias-leading-electronics-distributor-with-kredx\/","title":{"rendered":"The Growth Story Of India\u2019s Leading Electronics Distributor With KredX"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A pioneer in the IT and telecom distribution &amp; services intermediary in India, this company supplies everything from servers to laptops and components to accessories. The company boasts of a comprehensive and in-depth national network of over 9000 retail points, safe warehousing, robust 24&#215;7 logistics support, and years of ethical business practices earning them an immense wealth of goodwill. The company has an unparalleled network and support system in place to cater to all formats of the business \u2013 traditional retail, modern trade and the online marketplace.<\/span><\/p>\n<h2><b>Snapshot Of The Company:<\/b><\/h2>\n<p><b>Product:<\/b><span style=\"font-weight: 400;\"> IT &amp; Telecom Distribution<\/span><\/p>\n<p><b>On The KredX Platform Since<\/b><span style=\"font-weight: 400;\">\u00a015 January 2019<\/span><\/p>\n<p><b>Invoice Amount Discounted Till Date: <\/b><span style=\"font-weight: 400;\">\u20b9100 Cr<\/span><\/p>\n<h2><b>A Quick Glimpse Of Their Journey So Far With KredX:<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The company that started with the aim to provide cost-effective products and solutions in all areas of IT with just INR 2 lakh as capital has today grown into a professionally managed supply-chain specialist with an INR 3400 crore turnover. Unwavering commitment to customer satisfaction, unbridled passion for excelling, seamless teamwork and strong business ethics lead the company to have a huge and diversified clientele on a daily basis. In such cases, the payment cycle can be spread over a few weeks. To accelerate the growth of any business, it is critical to deal with large vendors whose payment timelines may vary, ultimately impacting their liquidity.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The company tried going for various financial modes of assistance searching for solutions that could help address their needs, but there were several challenges with the offerings, primarily the time involved in the process. Some other added drawbacks were:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lower funding limit as per existing norms and procedures<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company was required to furnish collateral&#8217;s and financial history to avail traditional offerings<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Other forms of short term and long term borrowing were expensive<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Challenges availing funds for liquidity and growth<\/span><b>\u00a0<\/b><\/li>\n<\/ul>\n<h2><b>The KredX Offering<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">We offered them a customized \u2018Receivables Financing\u2019 product for the company\u2019s vendors that provided them with 90 days of additional <a href=\"https:\/\/www.kredx.com\/business\/working-capital\/\">working capital<\/a>, wherein:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company raises invoices against their customers payable within 90 days<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">KredX offers finance to the company and receives money from the enterprise on the due date<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Discounted invoices are listed on the KredX\u2019s platform for 90 days<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">KredX\u2019s investors purchase invoices as per the terms and conditions<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">At the end of 90 days, KredX investors receive the principal amount invested along with the profit earned<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">With KredX, the company was able to accelerate its growth and expansion with an increase in liquidity and effectively repurposing their capital to better suit the requirement. The business found the solutions of sourcing credit without an added debt responsibility attached to the proposition feasible.\u00a0<\/span><\/p>\n<h2><b>How We Helped Them:<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Our platform helped the company manage its liquidity while ensuring its relationship with the customer does not get impacted.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">By associating their business with <a href=\"http:\/\/www.kredx.com\">KredX<\/a>, they were able to grow further and expand the business, increasing liquidity without impacting the balance sheet. Our tailor-made processes and structured solutions helped the company better allocate its capital for its growth requirements.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A pioneer in the IT and telecom distribution &amp; services intermediary in India, this company supplies everything from servers to laptops and components to accessories. The company boasts of a comprehensive and in-depth national network of over 9000 retail points, safe warehousing, robust 24&#215;7 logistics support, and years of ethical business practices earning them an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,416,363],"tags":[412,413,37,414,415,195,38],"class_list":["post-3541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-kredxearly","category-newsletter","tag-electronic","tag-electronic-distributor","tag-invoice-discounting","tag-it-telecom-distribution","tag-kredx-offering","tag-supply-chain","tag-working-capital"],"_links":{"self":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/3541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/comments?post=3541"}],"version-history":[{"count":3,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/3541\/revisions"}],"predecessor-version":[{"id":17459,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/3541\/revisions\/17459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/media\/5826"}],"wp:attachment":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/media?parent=3541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/categories?post=3541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/tags?post=3541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}