Glance Finance Limited Company Profile: Products, Promoters and Clients

Glance Finance Limited Company Description:

Glance Finance is a Mumbai based boutique NBFC offering tailor made finance solutions for growing business.They partner on avenues such as asset financing, structured lending and supply chain finance.

Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery 

Q1. What are the Product and service offerings of Glance Finance Limited?

• Asset Financing: Providing capital for fixed assets to maintain an asset-light business approach. Assets may include vehicles, electric batteries, kitchens, furniture, vending machines, or similar items. Repayments are structured through revenue sharing or fixed leases.
• Supply Chain Finance: Offering working capital for the procurement and storage of supply chain items, such as inventories. Payments are made directly to vendors, and goods are stored until sold.
• Structured Lending: Offering direct finance with a flexible repayment model based on revenue growth or a predetermined timeframe. Tailored solutions are designed to meet the needs of entrepreneurs and businesses.
• Revenue-Based Finance: Enabling founders to retain ownership in their businesses while accessing capital without fixed repayment pressures. Startups repay a percentage of their revenues as they expand.
• Equity Market Investing: Investing in the secondary market with a focus on small and midcap companies with significant growth potential, typically over a horizon of 3-5 years.

Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education 

Q2. Who are the Promoters/Management of Glance Finance Limited?

Narendra Karnavat, Director and founder of the company, achieved All India 1st Rank in CA. With over four decades of experience, he excels in finance, deal structuring, and strategic planning. His visionary leadership has been instrumental in successfully establishing and exiting a manufacturing business exceeding ₹200 crore in value.

Narendra Arora, Director at Glance Finance Ltd., is a Chartered Accountant overseeing the warehouse and operations team. With over two decades of experience, he specializes in financial modeling, investments, and management accounting.

Q3. Who are the Clients of the company?

Glance Finance Ltd.'s clients include:

Everest Fleet: Glance partnered with Everest Fleet to finance over 100 vehicles for their Uber and Ola ride-share business.

GetVantage: Glance Finance is an active partner with GetVantage, providing capital for Revenue-Based Financing to startups.

Also Read: Equitas Small Finance Bank Limited Company Profile: Products, Promoters and Clients

Written By:Khush Kothari