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  • Writer's pictureGreat Companies

Receivables Exchange Of India Limited, SME Business of the Year Award Winner 2023

Business Name: Receivables Exchange Of India Limited (RXIL)

Founder’s Name: NSE and SIDBI

Location: Mumbai, India

Establishment (Year): 2016

Category: Information Technology

Sub-Category: Fintech


Social Media: LinkedIn

Company Detail:

Receivables Exchange of India Limited (RXIL) TReDS (Trade Receivable

Discounting System) platform is an integrated financing platform and a digital

marketplace to facilitate MSMEs (Micro, Small and Medium Enterprises) realize their

trade receivables from buyers.

Unique Selling Proposition / Competitive Advantage:

This unique platform provides a transparent, single window financing of trade receivables from multiple Buyers, coupled with competitive price discovery through auction mechanism from multiple financiers. This multi-financier model provides more liquidity and competitive pricing which benefits the MSMEs.

𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐦𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐲

The company has grown from discounting invoices of MSMEs worth Rs 222 in the

first year of inception to 25,000 Cr in the Financial Year 23.



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