Treds

TReDS platform RXIL crosses ₹2 trn MSME invoice financing milestone

TReDS platform Receivables Exchange of India Ltd (RXIL), a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has crossed the milestone of Rs 2 lakh crore MSME invoice financing. The RXIL TReDS platform has facilitated financing worth Rs 80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes. The growth was driven by strong participation from stakeholders and continued support from the government and regulators, RXIL said in a statement. By ensuring direct settlement of MSME invoice payments and expanding reach across geographies, RXIL is fostering financial inclusion and enhancing supply chain finance efficiency for corporates, CPSEs, and PSUs, it said. Regulated by the Reserve Bank of India (RBI), RXIL has enabled MSMEs to access working capital by discounting over 88.5 lakh invoices through a fully-digital, infrastructure-backed platform, driving a surge in MSME registrations, it said. Greater ...

TReDS platform M1xchange eyes IPO in 3-5 years, aims ₹1.25 trn biz in FY25

M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh crore. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is ...

Firms with Rs 250 cr turnover rush to join TReDS before March 31 deadline

Companies with annual turnover of Rs 250 crore are making a beeline to register on Trade Receivables Discounting System (TReDS) platform to comply with MSME ministry's deadline of March 31. As per the government notification, all companies with a turnover exceeding Rs 250 crore, along with Central Public Sector Enterprises (CPSEs) involved in procurement from MSMEs, are required to register on the TReDS platform by March 31, 2025. At present, it is mandatory for all CPSEs and companies with turnover of more than Rs 500 crore to get themselves onboarded with TReDS platform. According to M1xchange director Sundeep Mohindru, there has been a significant surge in onboarding requests following the November 7, 2024 MSME Ministry notification. "Before the notification, the average number of corporate onboardings per month was around 30 corporates per month. However, this number has more than doubled in the months following the announcement. "In the first half of FY25, M1xchange witnessed

Supply chain platform KredX secures RBI's approval to launch TReDS platform

KredX's DTX is the fifth platform to receive the banking regulator's nod to operate TReDS

RBI's 'TReDS' platform bridging $600 bn funding gap for smaller firms

Trade Receivables Discounting System (TReDS) introduced about a decade ago by the Reserve Bank of India has seen the engineering company's cost of funds drop by 2.5 percentage points

RBI gives in-principle approval to C2FO for operating the TReDS platform in India

.

Centre directs 36% of defaulter CPSEs to join TReDS platform

The number of CPSEs registered on the RXIL platform is 110, whereas more than 50 CPSEs have registered on the M1xchange

Govt removes criteria for CPSEs to improve share price over sectoral index

Among other key criteria, the MoU has now assigned 2 marks out of 100 for procurement from GeM portal as percentage of total procurement

Four platforms get IFSCA licence for factoring business at Gift City

These in-principle licences were issued by the IFSCA last Friday to start working through sandbox facilities before formal business

Explained: How push for factoring could benefit the MSME sector

In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs

Budget's much-needed leg-up for small units: CRISIL SME Tracker

An evaluation of 13,000 MSMEs using the CRISIL Quantix database shows that working capital comprises over half of their need for debt

TReDS: How the system meant to help MSMEs get capital works

The RBI has allowed three players to launch the Trade Receivables Discounting System