After receiving the prestigious B. Sc. in Business and Management from Aston University, Birmingham, U.K., the young and aspiring business leader, Rachit Chawla was appointed as Pricing Analyst for Intel Corporation at EMEA Headquarters based in Swindon, United Kingdom. Despite splendid performance and rewards for the same, Rachit was not ready to confine his entrepreneurial spirit which is rooted deep in family genetics. His foresightedness stimulated the business instincts that were born to recreate the financial environment in India – more humanistic and customer-oriented. And, this entrepreneurial wisdom resulted in a completely integrated financial platform, Finway Capital in January 2017.
Right from Lending to Investment Advisory and Wealth Management to Insurance, Finway Capital is a holistic financial platform for individuals and small businesses. This unconventional NBFC deals in both Secured and Unsecured products which are strategically moulded as per the needs of market and customers. Finway Capital is an organisation that motivates people to fulfill their dreams that would be difficult to achieve earlier due to the inaccessibility to right financial consulting and solutions. Finway is expanding its boundaries from Delhi/NCR to top ten cities of the countries, including the four metros and this expansion is due within 2 years. Also, Finway is planning to launch the concept of OFFLINE LOAN SHOPS IN DELHI for people who are not that tech-savvy and need offline support.
Started with a loan book value of Rs. 1.0 crores, currently the loan book value of Finway is 14.00 crores. And, with ZERO NPAs, the company is growing at the rate of 20 percent on MoM basis. On the other hand, it has grown more than 7 times in terms of the number of loans disbursed since inception. A TAT (Turn Around Time) of 24 hours was the biggest task for the management that was strategically achieved following the best technologies and practices in operation. Today, Finway succeeds in reducing the TAT to 24 hours for unsecured loans and 72 hours for secured loans, which no other NBFC is capable to offer.
Financial Inclusion and Financial Literacy are the two key areas where Finway is trying to focus on its CSR objectives through seminars, webinars, and social media platforms. Finway also provides 24 x 7 FREE OF COST Investment advice to people on phone. In addition, Finway is successfully running Financial Literacy program on its Youtube Channel where it educates people about the Do’s/Don’t’s of dealing with any financial products.