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Auxilo Finserve Firms up Rs. 150 Cr. to Finance Higher Studies & School Infra Development in Northern Region through its Delhi Centre Launch | ||
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Feb 23, 2018 12:16 IST
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Delhi, India
Highlights
After having expanded its presence in Hyderabad and Chennai, Auxilo Finserve Pvt. Ltd., one of India’s next-level education ecosystem financing NBFCs, has deliberated plans to serve the education needs of Northern region, especially Delhi circle.
Mumbai-based Auxilo Finserve, which has been registered by RBI and started operations in 2017, has launched its dedicated customer centre in Delhi and earmarked Rs. 150 crore to support the education financing needs of students for higher learning and Institutes for infrastructure upgradation, by end of FY 2020. Auxilo Finserve plans to support more than 750 students from the corpus amount by providing higher education loans, and would meet requirements of more than 100 schools in upgrading their infrastructure facilities, including uniform to classroom boards to bus facilities.
“We have been getting a lot of need-based educational financing requirements from parents of students for higher learning, at the same time, many schools or colleges look up for their premise upgradation. Our team of experts are meeting them personally to understand and provide the customized financing solutions to fulfill their dreams of education,” says Neeraj Saxena, MD & CEO, Auxilo Finserve Pvt. Ltd. Our focus is to nurture the dreams of growing youngsters and educationists to further fuel the educational ecosystem of India.
Northern region or Delhi circle fairly contributes up to 20% of India’s study loans market, which has been growing more than 25% year-on-year. India’s educational loan market has gone up to Rs 70,000 cr in FY 16-17.
With opening three branches in just three months of time, Auxilo Finserve has reached out to as many students in fulfilling their study abroad plans, and reaching out to small to medium sized schools in rural and urban set up in order to finance their basic to advanced level of infrastructure development. The educational lender has designed customized financial solutions to be disbursed to eligible schools/institutes, with a ticket size of loans – which could go up to Rs. 15 cr or minimum at Rs. 20 lakh.
Auxilo Finserve is poised to strengthen its expertise in financing higher education for students aspiring for global as well as domestic institutions, with the help of newly created customer centre operations. Interestingly, students are opting for high-end subjects including Robotics, Applied science or Artificial Intelligence globally, and the NBFC firmly believes in supporting all kinds of courses, anywhere in the world.
Auxilo is prepared to enable loans to deserving students up to 100% financing. Not only that it will also provide loans on education fees, classroom expenditures, pre-VISA, air-fares and almost everything related to education cost. In fact, the company is in the process of consolidating an advantage pack – ACE PACK - for students’ aspiring for global destinations that would automatically provide post-landing benefits - air travel, vaccination, SIM card, accommodation et al.
About Auxilo Finserve Pvt. Ltd. Auxilo is a pro-education Non-Banking Financial company registered with the RBI. The company is conceptualized with the objective of serving the education sector by bridging the financing gaps of the entire education eco-system. Our vision is to serve as a catalyst to the education ecosystem, as is well captured by our brand expression which symbolizes ‘ascension through education.’ Auxilo is promoted by Mr. Akash Bhansali who leads the principal investments unit of Enam Group.
Our Educational Loan features 1. 100% education loan funding 2. Dynamic Disbursement facility 3. No Limit on Loan amount 4. Secured and Unsecured loan options 5. Tenure Friendly 6. Student and course based loan profiling
Thought Leadership
Neeraj Saxena, MD & CEO, Auxilo Finserve Pvt. Ltd.
Neeraj has an intrinsic vision of creating an ecosystem where young minds can shape up their dreams without worrying about financial availability, in making a better society. As a passionate Managing Director and Chief Executive Officer, he is committed to establish 'Auxilo Finserve' as a next-generation educational financing company of India.
On a regular basis, he essentially meets up with as many students, educators and institutions to understand contemporary needs, and motivates them with equipping convenient financial solutions at Auxilo.
He has spent nearly two decades of time in conceptualizing high-end businesses across retail, consulting & finance sectors, towards leading them into successful ventures.
In his last stint, he served as CEO with Avanse Financial Services Ltd. Prior to this, he has played an active role in establishing a joint venture between DHFL & IFC to launch - Aadhaar Housing Finance Ltd.
He has gained rich experience in diversified areas of businesses while working with retail giants - Tata Retail Enterprise (Trent), Piramal Retail, Wadhawan Retail and Ernst & Young.
For his scholastic, he has earned his Post Graduate in Management from NIFT, Bangalore, after completing his Graduation in Science.
When he is not working, he enjoys reading anything from politics to sports to global affairs. He loves cricket, so much that he tries not to miss out any India playing match, and gives his heart to cinema.
To view Auxilo Hindi release, click here.
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