Ravi Modani, Founder & CEO of 121 Business Finance

Ravi Modani is the founder & CEO of 121 Business Finance, a new breed of technologically advanced NBFCs with a working capital lending concentration. His doctorate in working capital management and intense dedication to organizing this chaotic field led to the creation of the company. The first NBFC-Factor in India (after the RBI’s rule in January 2022) is situated in Jaipur and has as its goal expanding small ticket size trade by making factoring available to MSMEs rather than only corporations.

Collateral-free financing, embedded finance, digital co-factoring, and other specialized short-term services are among the revolutionary advancements the company is bringing to the world of working capital finance using factoring using technology as a leverage.

In the entire nation, the business collaborates with more than 2,500 MSMEs. The company has disbursed more than 1,100 loans through the Gem Sahay portal run by the government. Additionally, SIDBI, is launching its own GST Sahay platform, and they have partnered with the company. Only three businesses were chosen to launch on the platform, including this one.

Due to access to a legal company structure made possible by the government portal, there is demand even from the most remote regions of the nation. However, a higher portion of economic activity is concentrated in Western India. Due to the concentration of the service industry in Gujarat, Rajasthan, Maharashtra, and Karnataka, these states often receive the company’s attention.

Dr. Modani has successfully managed firms in five different countries via remote management thanks to his extensive 30+ years of expertise, success in international business, and capacity for dealing with different cultural norms. He built up a clientele in 32 other nations. Dr. Modaniis the president of TiE Rajasthan and a financial coach.