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In a strategic move aimed at strengthening India’s MSME ecosystem and industrial supply chains, Emerald Finance Ltd has announced a partnership with Ajit Industries Pvt Ltd, a leading manufacturer of industrial tapes and packaging solutions. The collaboration is expected to unlock new financing avenues for small and medium enterprises (SMEs) embedded in Ajit Industries’ vendor and distributor networks, while also expanding Emerald’s footprint in industrial credit and supply chain finance.
Key Highlights
Emerald Finance Ltd partners with Ajit Industries to offer tailored financial solutions to MSMEs
Focus on supply chain financing, working capital loans, and early wage access for vendor employees
Partnership leverages Ajit Industries’ pan-India distributor network and Emerald’s NBFC platform
Initiative aligns with government’s push for formal credit access to manufacturing-linked MSMEs
Digital onboarding and credit scoring to be powered by Emerald’s subsidiary, Eclat Net Advisors
Partnership Objectives and Scope
The alliance between Emerald Finance and Ajit Industries is designed to address a critical gap in India’s industrial value chain—access to timely and affordable credit for MSMEs. Ajit Industries, with over 30 years of experience in manufacturing pressure-sensitive tapes and packaging products, works with hundreds of small vendors, suppliers, and distributors across India.
Emerald Finance will offer:
Invoice-based supply chain financing for distributors and vendors
Short-term working capital loans with flexible repayment schedules
Early wage access for employees of partner vendors through Emerald’s Rainpay platform
Digital onboarding and KYC verification via Eclat Net Advisors’ fintech interface
This integrated approach aims to reduce cash flow bottlenecks and improve liquidity across Ajit Industries’ operational ecosystem.
Strategic Fit for Emerald Finance
Emerald Finance Ltd, a Chandigarh-based non-deposit-taking NBFC, has been expanding its MSME lending portfolio aggressively. The partnership with Ajit Industries marks a significant step in its strategy to embed financial services within industrial supply chains.
Emerald currently serves over 40 financial institutions through its loan origination platform
The company has developed proprietary credit scoring models for MSMEs with limited formal documentation
Its recent rights issue boosted equity to ₹9 crore, enabling deeper penetration into underserved segments
By aligning with a manufacturing leader like Ajit Industries, Emerald gains access to a stable and scalable borrower base, while offering value-added services that go beyond traditional lending.
Benefits for MSMEs and Industrial Stakeholders
The partnership is expected to deliver tangible benefits to MSMEs operating within Ajit Industries’ network:
Faster access to credit without collateral requirements
Improved cash flow and inventory management
Enhanced ability to meet bulk orders and seasonal demand spikes
Financial inclusion for blue-collar workers through early wage access
Ajit Industries will also benefit from improved vendor reliability, reduced payment delays, and stronger supply chain resilience.
Future Outlook and Expansion Plans
Both companies have indicated that the partnership may expand into co-branded financial products and ESG-linked financing for sustainable packaging initiatives. Pilot programs are already underway in Punjab and Maharashtra, with plans to scale nationally by Q1 FY26.
Emerald Finance is also exploring similar partnerships in the automotive components and agro-processing sectors, aiming to replicate the embedded finance model across other industrial verticals.
Conclusion
The Emerald Finance–Ajit Industries partnership represents a forward-looking model for MSME empowerment and industrial credit innovation. By combining manufacturing scale with fintech agility, the alliance is poised to transform how small businesses access and manage capital. As India’s industrial economy continues to digitize and decentralize, such collaborations will be key to unlocking inclusive growth and supply chain resilience.
Sources: Emerald Finance Ltd – BSE Filing, Ajit Industries Official Website, MarketScreener
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