Red Fort Capital announces disbursement of Rs 2.05 Cr as working capital loan and invoice discounting facility to Centech Engineers Private Limited (“Centech Engineers”). These facilities will help Centech Engineers maintain cash flow, enabling the business to cover its expenses, invest in growth opportunities, meet financial obligations, and complete its work orders.
Incorporated in 2006, Centech Engineers Private Limited, is engaged in designing, consulting, and commissioning HVAC (Heating, Ventilation, and Air Conditioning) and mechanical, electrical, and plumbing projects. Centech Engineers has served many companies from different fields like Pharmaceuticals, Chemicals, Biotechnology, Diagnostics Laboratories, Health Care, etc.
Centech Engineers’ is truly a Make in India company for the world with clientele ranging from likes of RPG Lifesciences, Lupin, Theon, etc. to completely dominating global markets covering Nepal, Togo, Ghana, and Algeria.
“We needed quick capital for our day-to-day business operations. Red Fort Capital’s term loan and invoice discounting facility will act as a catalyst in acquiring more projects and facilitate exponential growth”, said Mr. Pawankumar Chunduru, Director of Centech Engineers Private Limited.
“This disbursement is a testament of confidence Red Fort Capital has in Indian manufacturing and growth story, Centech Engineers Private Limited and promoters have potential to dominate Global Market”, said Mr. Parry Singh, Chairman and CEO of Red Fort Capital.