One step must start each journey.
One word must start each prayer.
One hope will raise our spirits.
One touch can show you care.
Dhanvarsha's mission started with an idea. The idea of building social capital, for the ones that dare to dream. In May 2017, an experienced yet young incubation team, under the aegis of Wilson Holdings, came together. They set out to take this idea to execution by acquiring and transforming a suitable company in the NBFC space.
Started as a concept/idea, under the, aegis of Wilson Holdings, to provide access to capital & more to MSMEs
Wilson Holdings offered to acquire substantial interest in TruCap Finance Limited (formerly Known as Dhanvarsha)
RBI approval for the change in management and shareholding.
Approval for open offer; overhaul of Board and leadership team. Capital infusion of INR 12.5 crore by Wilson Holdings
Started syndication business to tide over tough liquidity environment-third party business, with fee income, now a key vertical
Issuance of Warrants to Wilson Holdings against receipt of 25% subscription amount of INR 1.25 crore
Wilson Holdings categorised as Promoter of Dhanvarsha
Execution of non-binding term sheet with a Foreign Investor for capital infusion of up to USD 8.5 million, subject to receipt of necessary approvals
Registered Office of the Company shifted from Ahmedabad, Gujarat to Mumbai, Maharashtra
First Term Loan of INR 4 crore from Housing Development Finance Corporation Limited, India's largest housing finance company.
Second Term Loan of INR 25 crore from Bank of India
Allotment of Equity Shares against conversion of Warrants against receipt of the balance 75% subscription amount of INR 3.75 crore
65000+ customers; average loan ticket size of INR 0.79 Million; 428 employees