India Factoring & Finance Solutions Pvt Ltd is promoted by the following entities:
FIMBank Group
FIMBank p.l.c. is a leading provider of trade finance, factoring and forfaiting solutions, with a global presence in various important financial and trading centres. FIMBank is a customer-driven provider focused on optimising business performance and supporting business growth, by developing tailor-made trade finance solutions that provide exporters with accelerated receivables and importers with extended credit. The Bank is at the forefront of introducing and developing innovative receivable finance techniques in emerging markets.
The FIMBank Group saw its beginning in 1994, with the establishment of First International Merchant Bank Ltd, which commenced operations in 1995. In June 2001, the shares of First International Merchant Bank p.l.c. were listed on the Malta Stock Exchange, and four years later the Bank changed its name to FIMBank p.l.c. In 2003, FIMBank acquired full control of UK-registered London Forfaiting Company Ltd, a market leader in forfaiting with an extensive international network spanning five continents. In 2006, the Group was further enhanced through the creation of FIM Business Solutions Ltd, which was launched as a business systems provider and technology consulting firm, while in 2008, FIM Property Investment Ltd was set up to oversee the construction and management of the Group’s head office block in St. Julian’s, Malta.
The year 2013 saw Burgan Bank SAK and United Gulf Bank BSC, two highly reputable financial institutions forming part of the Kuwaiti conglomerate KIPCO Group, acquiring an 80 per cent stake in FIMBank. This development meant that FIMBank could now take on new business opportunities, benefit from better funding resources, and further strengthen the Group's operating performance.
The FIMBank Group has successfully made its mark on the international factoring market by building an international factoring network which offers a comprehensive range of factoring solutions. Today, FIMBank’s international factoring network consists of Egypt Factors in Egypt, India Factoring in India, the Bank’s MED Factors in Malta and Hellenic branch in Greece, offering a comprehensive range of factoring services.
Banca IFIS
Banca IFIS (IFIS) has been engaged in the business of Factoring since 1983. It is authorised to carry out banking activities in Italy and specialises in providing financial support to SMEs. Banca IFIS is the only independent banking group in Italy that specialises in trade receivables, non-performing loans and tax receivables. The group operates through several brands in the credit sector, each dedicated to a different range of clients. Banca IFIS operates from three main offices and 28 branches in Italy and also has international presence, with four branches in Eastern Europe and a joint venture in India.