Our registered Non-Bank Finance Company, Centrum Financial Services Ltd. (CFSL) assists SMEs, MSMEs and their founders to scale their businesses, through loan products in a variety of forms, structures and collaterals.

Focusing on metros and Tier II cities, we service entities that are either in the stage of building up or diversifying, and generally not catered to by the mainstream banking system. We provide the right financing solution for business needs, driven solely by three key value propositions - flexibility, responsiveness and guidance.

Recent Announcement by Govt of India on ECLGS scheme

Scheme: Guarantee under ECLGS upto Rs. 3 lakh crore dated 23rd May’20

The Finance Minister in the month of May’20, announced a slew of measures as a part of the economic stimulus package for self-reliant India. Among various schemes introduced in the package, one was the Emergency Credit Line Guarantee Scheme (ECLGS), which intends to enable the flow of funds to eligible Business enterprises / MSMEs. The total Guarantee commitment / outlay of the scheme is capped at Rs, 3 lakh crore.
Under this Scheme the Govt. of India, through a trust viz. National Credit Guarantee Trustee Company (NCGTC), shall extend 100% guarantee for loans provided by banks and Financial Institutions (FIs) to Business enterprises / MSMEs and MUDRA borrowers. The Scheme aims to extend additional funding of Rs. 3 lakh crores to eligible borrowers in order to help them through the liquidity crunch faced by them due to the crisis.

Eligibility criteria for existing clients

The eligibility criteria under the Scheme are as under:
a) All MSME borrowers  . Business enterprises with Total o/s loans across all MLIs of up to Rs. 25 crore as on 29.2.2020.

b) Annual turnover of up to Rs. 100 crore in FY 2019-20.

c) Already an existing customer on the books of the MLI.

d) Regular category: Only borrowers with DPD status <= 60 days eligible. Borrower accounts should be regular, SMA-0 or SMA-1 as on 29.2.2020. SMA 2 / NPA not eligible.

e) GST Registered borrower. However this does not apply to MSMEs that are not required to obtain GST registration. Also Loans provided in individual capacity will not be covered under the Scheme.

Please note that the above details do not capture the entire scope of the scheme and its operational details. For  the complete details of the scheme please refer to the following link: https://www.eclgs.com/

Leadership
Ranjan Ghosh

Ranjan Ghosh

MD & CEO

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Ranjan has close to 30 years of rich experience in the Banking & Financial Service Industry. He brings a wide array of professional and industry contacts, a deep understanding of Risk Management and Financial Markets and international best practices in Governance, Human Resources, etc.

Ranjan joins us from Standard Chartered Bank where he was the Global Head of Commercial Banks, Securities & Asset Financing sector and was responsible for the P&L of the bank’s Wholesale Banking franchise. He has held several Senior Management roles in Standard Chartered in India and Singapore. He was also associated with HSBC and CRISIL.

Ranjan has done his Masters of Business Administration from The University of Northern Iowa - USA and Bachelor of Electrical Engineering from Jadavpur University, Kolkata.

Inderjit Camotra

Inderjit Camotra

Business Head – Trade & Supply Chain

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Inderjit is a Senior Banker with 24 years across Standard Chartered, ANZ and Citibank. Part of the NBFC startup at Centrum Group since 2017, leading Transaction Banking – Trade & Supply Chain Finance. Robust technical strengths shaped with a B.Tech from I.I.T. Delhi, followed by a M.B.A. from New York, have helped build a career in Lending to Multi Nationals across America, Australia and Asia, and SME’s in India.

GL Kumar

GL Kumar

Business Head- MSME Finance

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G L Kumar comes with over 16 years of experience in Financial Services, Operations and Key Initiatives within diverse banking platforms. He has worked at IIFL, YES BANK, Standard Chartered Bank and American Express. G L Kumar did his LLB from Sri Venkateshwara University & BA (IRPM) from Delhi University. He has a Masters degree in Human Resource Management and has also completed a course in Executive General Management from IIM Bangalore.

Hariharan Iyer

Hariharan Iyer

Head- Financial Intermediaries

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Hariharan has over 15 years of experience in Financial Services and Rural Development that includes managing Microfinance and Affordable housing finance portfolio. Prior to Centrum, he has worked with YES Bank, ICICI Bank, National Dairy Development Board and an NGO (named PRADAN). Hariharan has done his Rural Management from Institute of Rural Management, Anand (IRMA) and Graduation from Kerala Agricultural University.

Chirag Doshi

Chirag Doshi

Regional Head - West and South - Commercial Finance

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Chirag is a seasoned global finance professional with 15+ years of banking experience across varied functions; Origination, Client Relationships, Business Planning & Strategy and Operational Risk Management and Operations. He has worked with Standard Chartered Bank and Citicorp. Chirag is a Graduate from Mumbai University and has completed his Masters in Management Studies from Somaiya College, Mumbai University.

Saurabh Srivastava

Saurabh Srivastava

Head - Risk

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Saurabh has over 15 years of experience in Corporate Finance across various Indian and Foreign Financial Institutions. Saurabh prior roles were with us from Aditya Birla Financial Services, HSBC, ICICI Bank and Global Trust Bank. Saurabh has completed his Masters in Business Administration from NMIMS, Mumbai and has a Bachelor’s in Statistics from Mumbai University.

Rohit Chawla

Rohit Chawla

Head - Debt Capital Markets

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Rohit comes with over 19 years of experience across various functions in Banking, Markets and Consulting. He joins us from DBS Bank, where he has setup Loan distribution business and was heading Fixed Income for India Business. Rohit has expertise in structured credit risk management and has held multiple roles across origination, structuring and distribution in Deutsche Bank and RBS prior to his DBS stint. Rohit is an engineer from Punjab Engineering College and is an MBA from Indian Institute of Management, Indore.

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