M/s Singh Finlease Private Limited (SFPL) is an Non-Banking Finance Company (NBFC) registered with RBI (Registration No. B-14,02519). The company has been incorporated under the Company Act – 1956 in the year December-1993 in Delhi. Earlier this company was promoted by others but since 2015,this company has been acquired and promoted by Mr. Rachit Chawla(Director) and Mr. Ramesh Chawla (Director). Both of the directors having 50:50 share-holding in the company. The CIN No. of the company is U74899DL1993PTC056542 and company’s registered and corporate office is at A-29, Mangolpuri Industrial Area, Phase -II, New Delhi – 110034.
The company deals in retail lending space primarily in Unsecure and Secure loan. In Unsecure loan, the company offers PL & BL, where loan amount ranges between 10K – 50 Lakhs. Similarly in Secure loan, company offers LAP, where loan amount ranges between 5 Lakhs – 1 Cr. The new management of M/s SFPL started lending at the beginning of year 2017 but officially it has been launched from 1st April 2017. Being a start-up company, the management is focussing more on maximising the number of portfolios with small lending ticket sizes. This will help company dispersing their presence among larger section of people.
The company has hired experienced and knowledgeable people as in house team members and empanelled known and reputed service providers (i.e. FI , Legal, Technical agencies) of the banking/finance industry. The company is member of all loan rating agencies i.e. CIBIL, EXPERION, CRIF & EQUIFAX. The promoters of M/s SFPL are a reputed name in logistics and warehousing space too. They run their business by the name of M/s CHC Logistics Private Limited. This company is an integrated third party logistics provider having 20+ branches across India and achieved a turnover of INR 200 million in a span of few years.
The SFPL is brain child of Mr. Rachit Chawla which he created to diversify his business. He studied B.Sc. and Business Management at Aston University, U.K. (2005-2009) specializing in Marketing and Strategic Management. Previously he worked as a Pricing Analyst at Intel Corporation’s European Division in United Kingdom (2007-2008) where he was looking after clients in Norway, Luxemburg, Netherlands, Denmark, Iceland, Belgium, Finland and Sweden.