Agile Finserv: Steering empowerment of the finance sector

Agile Finserv Private Limited (AFPL) is a Non-Banking Finance Company (NBFC), working towards the growth and advancement of other NBFCs, corporates and commercial enterprises. Based in Punjab, AFPL is a part of the EZ Capital Group and has gained enviable traction in the current climate. 

True to its name, Agile Finserv offers quick, hassle-free engagement with customers to understand their needs, followed up with innovative financial solutions. Its differentiated model helped build a large network of clients across India. 
 
A Distinguished Pioneer 

The company has grown from strength to strength, starting with a lending book of around INR 5 crores in 2018-19, when it began its full-fledged operations, and the present value having surpassed INR 50 crores. At the centre of the company’s values are agility and professionalism. AFPL believes in a customer-centric approach and its principle of “stronger together” to stay one step ahead. 

 
Individual Commitment to a Group Effort 
 
The company rests on the responsible shoulders of the Bhandari and Gupta families, who are the chief founders and shareholders in AFPL. Mr Vijay Bhandari, a Chartered Accountant by qualification, has more than 30 years of experience in the banking sector and is at the helm of AFPL’s day-to-day operations. The distinguished luminary has served for eight years as an Independent Director on the Board of Capital Local Area Bank Limited and is currently serving as a non-Executive Chairman of the Board of Directors of Midland Microfin Limited, a pioneering microfinance lender based in North India. 
 
Shalya Gupta, with over a decade of experience in Finance and Corporate Affairs, Product Development and Fintech, oversees AFPL’s daily procedures. He is also a distinguished Board Member of various NBFCs, a trusted consultant on the financial sector and strategy, and the Founder of the tech platform EmpowerYouth.com. 

Ashish Bhandari handles the debt-raising avenues for Agile Finserv through private equity funds, friends and other family members. Ashish worked as the Executive Director at a Swiss Bank in Dubai until 2017, when he quit his job as a banker to start his own NBFC in India. He was also instrumental in setting up a Private Equity Fund called – Aviator Emerging Market Fund. This fund also has a mandate to support NBFCs in India.  

 
Empowering Growth through Diverse Products
 
Fee Financing

AFPL offers an effective and flexible mechanism for spreading the cost of school or college fees to families, so parents can fund their child’s school fees with/without interest. At the same time, AFPL ensures that the school receives the fee paid upfront and on time. 
 
Promoter Funding

The company provides loans to promoters of other NBFCs, enabling them to meet their varied financial requirements including the expansion and diversification of their business. AFPL assists promoters facing a liquidity crunch through timely financial support at reasonable pricing. 
 
Wholesale Funding

AFPL offers loans to established NBFCs and Financial Institutions for their onward lending to borrowers. The company has, so far, funded several MFIs which are assisting self-help/joint liability groups, small- and medium-sized businesses as well as entrepreneurs from rural and semi-urban regions who lack access to conventional banking facilities. 
 
Charting Success Together
 
The Bhandari and Gupta families joined hands to start Agile Finserv Private Limited and today jointly own three NBFCs out of India, with a total asset size exceeding INR 100 crore. “Since AFPL’s inception, we have focused on our target of building an institution on the strong pillars of ethics, values and high corporate governance,” says Mr Vijay Bhandari. “Our aptitude and ambition lie in opening doors unnoticed and untouched by others in the financial sector.”

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