Electronica Finance funding, investors and company details

Electronica Finance is an emerging Financial Services - Fintech - Lending startup from Pune, working in the space of Non-Banking Financial Company (NBFC) – MSME Equipment & Machine Finance / Climate Finance. Founded by S. R. Patil.

Company: Electronica Finance Limited
Sector: Financial Services - Fintech - Lending
Location: Pune
Founders: S. R. Patil
Total funding raised: ₹400.56 Cr

Company overview

Electronica Finance Limited is a non-banking financial company (NBFC) that focuses on providing asset-backed financing solutions to micro, small, and medium enterprises (MSMEs) in India. The company primarily specializes in machine finance and climate finance, enabling small businesses to acquire essential industrial equipment and adopt sustainable technologies. As part of the SRP Electronica Group, Electronica Finance Limited offers loans for the purchase of new and used machinery used in manufacturing and engineering industries such as CNC machines, fabrication equipment, printing machinery, plastics processing machines, and other industrial assets. By providing equipment financing, the company helps MSMEs expand production capacity, upgrade technology, and improve operational efficiency. In addition to machine financing, the company has expanded into climate finance, supporting environmentally sustainable initiatives such as solar installations, energy-efficient equipment, and green technologies for businesses. Through these offerings, Electronica Finance aims to promote sustainable industrial growth while supporting the transition toward cleaner energy solutions. With over three decades of experience, Electronica Finance Limited has built a network of branches and partnerships across India, enabling it to serve a wide base of MSME customers. The company’s business model focuses on secured lending backed by productive assets, quick loan processing, and tailored financing solutions designed to meet the specific capital needs of small and medium-sized enterprises.

Funding rounds

Latest round (Series B): $ 48.00 Mn (₹400.56 Cr.), 2024-04-05. Investors: LeapFrog Investments, Aavishkaar Capital, Encourage Capital