Monaco Finance Raises ₹50 Crore Through NCDs from Capri Global Capital
Monarch Networth Capital Finance Limited (assuming the company referred to is Monaco Finance Limited as per the exchange disclosure) has successfully raised ₹50 crore through the issuance of Non-Convertible Debentures (NCDs), with Capri Global Capital Limited subscribing to the issue. The latest fundraising strengthens the company’s capital base and supports its strategy of expanding credit access to micro and small entrepreneurs across rural and semi-urban India.
With this transaction, the company’s total NCD fundraising during the first four months of FY27 has reached ₹70 crore, reflecting continued lender confidence in its business model.
₹50 Crore NCD Fundraise
The company raised fresh debt capital through privately placed Non-Convertible Debentures.
Key Highlights
- Amount Raised: ₹50 crore
- Instrument: Non-Convertible Debentures (NCDs)
- Investor: Capri Global Capital Limited
- Total NCD Fundraising in FY27: ₹70 crore
- Purpose: Expand lending operations and strengthen financial inclusion initiatives
The proceeds will be utilized to support business growth and increase lending to underserved customer segments.
Focus on Micro and Small Enterprises
Monaco Finance primarily provides business loans to micro and small entrepreneurs operating in rural and semi-urban markets.
Its lending portfolio includes loans ranging from:
- ₹1 lakh to ₹25 lakh
The company aims to improve access to formal credit for entrepreneurs who often face challenges in obtaining financing from traditional banking channels.
Strong Lending Franchise
The company has established a broad lending ecosystem supported by:
- More than 150 branches
- Presence across 12 Indian states
- A diversified lender network comprising 34 financial institutions
Its lending partners include several leading financial institutions such as:
- State Bank of India
- HDFC Bank
- Kotak Mahindra Bank
To date, the company has raised over ₹1,500 crore in debt capital, demonstrating sustained confidence from banks and financial institutions.
Supporting Financial Inclusion
The additional capital is expected to help Monaco Finance expand its reach in underserved regions while supporting income generation and entrepreneurship among small business owners.
Growing demand for credit from micro-enterprises, coupled with increasing financial inclusion initiatives, presents a significant long-term growth opportunity for specialized NBFCs operating in this segment.