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
Social Media: LinkedIn
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.