MLL Engineers & Contractors, based in Navi Mumbai, borrows Rs 8.25 million from Red Fort Capital for working capital and business expansion. Red Fort Capital Finance is an investment-grade NBFC with RBI registration that specialises in providing short-term business loans to micro, small, and medium-sized enterprises (MSME).
MLL Engineers & Contractors, founded in 2008, is an electrical and civil contracting firm that works in a variety of electrical and civil sectors. MLL engineers and contractors work for firms like Godrej Realty, Tata Power, Adani Electricity, MSETCL, Panvel Municipal Corporation, CIDCO, and others.
“Initially, MLL engineers & contractors were into electrical contracting recently, they have rapidly expanded and entered into different fields like EHV projects, civil works, MEP works and other major infra projects which play a key role in development of a nation, and we at Red Fort Capital are committed to providing quick capital to such companies that are adding value to the Indian economy and contributing to the growth of India,” said Parry Singh, Founder and CEO, Red Fort Capital.
“We at MLL engineers and contractors are expanding and need quick capital for various ongoing projects in Mumbai, Panvel and surrounding region, for which we had approached Red Fort Capital NBFC. We’re truly amazed by the speed and enthusiasm with which Red Fort Capital disbursed the loan in record time of 7 days and helped us capitalise on time sensitive opportunities,” said Mangesh Labade, CEO & MD – MLL engineers and contractors.
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