Press Releases
Bibby Financial Services makes its move in India
International business finance provider Bibby Financial Services has launched a new business in India as part of its expanding global network.
Based in New Delhi, Bibby Financial Services India will offer Indian business owners and managers funding against their client’s invoices, helping them to maintain a healthy cash flow across the business and finance growth plans.
As the tenth largest and second fastest growing major economy in the world, India represents a major new centre for the Bibby Financial Services Group, which, through a proactive growth strategy, now has offices in ten countries, including the UK, Ireland, France, Poland, Czech Republic, Slovakia, USA, Canada and Australia.
Bibby Financial Services’ group chief executive David Robertson comments: “It’s a brave move and one which I am incredibly proud to announce. Establishing ourselves in India represents an exciting opportunity and is no doubt an important milestone for the Group. We have set ourselves a challenging growth objective and in order to achieve this we are continually looking for opportunities to move the business forward. We believe that India represents an important territory in the sphere of global trading and as such one that we need to be in. Its growing economy and underdeveloped factoring market is exactly the type of market we want to be in.
Bibby Financial Services India will be headed up by managing director Vikas Nanda, who has more than 30 years experience in the Indian commercial finance market most recently with Foremost Factors.
As Vikas says: “As part of a 200-year-old, family-run business which has helped small businesses around the globe to grow, I believe we have a unique insight into the issues facing owners and managers and can make a real difference for small businesses in India. With such a wave of entrepreneurial spirit across the country, we are sure the Indian market is now ready to capitalize on the real benefits that this funding solution can deliver.
To find out more about Bibby Financial Services India’s range of flexible finance solutions please email marketing@bibby.com.au.
