Milestones
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Started as a concept/idea, under the aegis of Wilson Holdings, to
provide access to capital to MSMEs
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Wilson Holdings offered to acquire substantial interest in
TruCap Finance Limited formerly known as Dhanvarsha Finvest Limited
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RBI approval for change in management and shareholding of Dhanvarsha Finvest Limited
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Approval for open offer; overhaul of Board and Leadership team. Capital infusion of INR 12.5 Cr by Wilson Holdings
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MSME Business Loan Product launched
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Issuance of Warrants to Wilson Holdings against receipt of 25% subscription amount of INR 1.25 Cr
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Wilson Holdings categorized as Promoter of Dhanvarsha Finvest Limited
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Registered Office of the Company shifted from Ahmedabad, Gujarat to Mumbai, Maharashtra
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First Term Loan of INR 4 Cr from Housing Development Finance Corporation Limited, India’s largest housing finance company
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Reached : Loan Book of 37.7Cr , Networth 28 Cr, 403 Customers, 2 Branches, 1 Lender
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Second Term Loan of INR 25 Cr from Bank of India. Allotment of Equity Shares against conversion of Warrants against receipt of the balance 75% subscription amount of INR 3.75 Cr
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Launch of Prefered Sourcing Partner Vertical to drive business growth
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MSME Gold Lending vertical launched through a branch led model
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First Gold Loan branch opened in Maharashtra
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Onboarded State Bank of India (SBI) as the third lender. Between Jan’21 to Mar’21, six new lenders were added
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Reached : Loan Book of 105 Cr , Disbursement of 86.7 Cr & 5,935 Customers, 175 Employees
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Aviator Emerging Market Fund leads equity infusion of INR 65.8 Apr 2021 Apr 2021 Cr in the company
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First Gold Loan branch opened in Goa
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Digitization of the Collection May, 2021 vertical
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First Gold Loan branch opened in Delhi-NCR
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First Lending as a service (L-a-a-S) relationship/ Co Lending started with Central Bank of India
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Proprietary loan origination App DhanSetu launched in production
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Reached : Loan Book of 306 Cr , Disbursement of 431 Cr & 33,430 Customers, 321 Employees
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Follow on Offering from Aviator Emerging Market Fund
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Dhanvarsha Finvest Limited officially renamed to TruCap Finance Limited (TruCap)
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TruCap surpasses 1,00,000 loans disbursed cummulatively
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TruCap builds its Loan Book (AUM) worth in excess of INR 500 Cr. First Gold Loan branch opened in Gujarat
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Lending as a service (L-a-a-S) relationship/ Co Lending started with DCB Bank
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Reached : Loan Book of 581 Cr , Disbursement of 1,006.3 Cr & 64,824 Customers, 473 Employees
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First Gold Loan branch opened in Rajasthan
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Reached milestone of 100 Gold Loan branches acrossed India
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TruCap surpasses 2,00,000 loans disbursed cummulatively
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Lending as a service (L-a-a-S) relationship/ Co Lending started with HDFC Bank
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TruCap MSME Gold Loan vertical builds its Loan Book worth in excess of INR 500 Cr
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Fundraise announcement subject to necessary stakeholder and regulatory approvals