One step must start each journey.
One word must start each prayer.
One hope will raise our spirits.
One touch can show you care.
Anonymous
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.
Milestones
May 2017
Started as a concept/idea, under the, aegis of Wilson Holdings, to provide access to capital & more to MSMEs
Jun 2017
Wilson Holdings offered to acquire substantial interest in TruCap Finance Limited (formerly Known as Dhanvarsha)
Jun 2018
RBI approval for the change in management and shareholding.
Jul 2018
Approval for open offer; overhaul of Board and leadership team. Capital infusion of INR 12.5 crore by Wilson Holdings
Sep 2018
Started syndication business to tide over tough liquidity environment-third party business, with fee income, now a key vertical
Nov 2018
Issuance of Warrants to Wilson Holdings against receipt of 25% subscription amount of INR 1.25 crore
Feb 2019
Wilson Holdings categorised as Promoter of Dhanvarsha
Dec 2019
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
Dec 2019
Registered Office of the Company shifted from Ahmedabad, Gujarat to Mumbai, Maharashtra
Jan 2020
First Term Loan of INR 4 crore from Housing Development Finance Corporation Limited, India's largest housing finance company.
Apr 2020
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
Today
65000+ customers; average loan ticket size of INR 0.79 Million; 428 employees