HGB FINANCE, formally known as HYZGLOBAL BUSINESS FINANCE PRIVATE LIMITED, is a progressive finance company dedicated to empowering businesses through swift financial solutions. Our focus is on providing small ticket, short-term loans tailored to meet urgent business needs and ensure better financial liquidity for our clients. We distinguish ourselves through a commitment to women empowerment, employing a workforce predominantly comprised of women to source and manage loans. Our innovative model, which relies on preset profits rather than interest rates, offers a unique and ethical approach to business financing, ensuring regulatory compliance and fostering a culture of financial responsibility and inclusivity.
Business Model
1. Swift and Flexible Financing:
HGB FINANCE specializes in offering small ticket funds on a short-term basis. These funds are designed to cater to urgent business needs and emergencies, providing the necessary liquidity to keep operations running smoothly. The rapid disbursal process ensures that businesses can address financial challenges without delay.
2. Credit Bill Payment Assistance:
In addition to standard loans, HGB FINANCE provides funds against credit bill payments. This service helps businesses manage their credit periods more effectively, ensuring better financial liquidity and stability. By bridging the gap during credit periods, we enable businesses to maintain their financial health and avoid disruptions.
3. Women Empowerment:
Our commitment to women empowerment is evident in our staffing policies. We prioritize hiring women for loan sourcing roles, fostering an environment of gender equality and economic empowerment. This initiative not only supports women’s financial independence but also enhances the quality of service through a diverse and dedicated workforce.
4. Investor Participation and Profit Sharing:
HGB FINANCE offers an attractive opportunity for investors to be part of our organization. Investors receive a substantial share of the profits, providing a lucrative return on their investments. This model aligns investor interests with the company’s success, promoting sustained growth and financial stability.
5. Ethical Lending Practices:
Our loans are based on preset profits rather than interest rates, ensuring transparency and ethical financial practices. This approach eliminates the complexities and potential exploitations associated with traditional interest-based lending, fostering trust and long-term relationships with our clients.
Regulatory Compliance and Financial Governance
HGB FINANCE operates within the legal framework established by Indian financial regulations. We adhere to all pertinent acts and guidelines to ensure our operations are compliant and our clients are protected. Key regulations relevant to our operations include:
1. Companies Act, 2013:
As a private limited company, HGB FINANCE complies with the provisions of the Companies Act, 2013. This includes adherence to corporate governance standards, financial reporting, and statutory obligations.
2. Reserve Bank of India (RBI) Guidelines:
Although we are not an NBFC, we voluntarily align our operations with many of the prudential norms prescribed by the RBI for NBFCs to ensure robust risk management and financial stability.
3. Prevention of Money Laundering Act, 2002 (PMLA):
HGB FINANCE has stringent policies in place to prevent money laundering and ensure compliance with the PMLA. We conduct thorough due diligence and maintain transparency in all transactions.
4. Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act):
Given our focus on small ticket loans for business needs, we align our services with the objectives of the MSMED Act, supporting the growth and sustainability of MSMEs in India.
Operational Excellence
1. Scoring System for Repayment:
HGB FINANCE employs a sophisticated scoring system to evaluate the repayment capabilities of borrowers. This system differentiates between wilful and non-wilful defaulters, ensuring a fair and accurate assessment of creditworthiness. Borrowers with a good repayment history are eligible for repeat loans and higher ticket loans, promoting responsible borrowing behavior.
2. Emphasis on Timely Repayment:
Timely repayment of loans is crucial for maintaining financial health and ensuring access to future funding. HGB FINANCE emphasizes the importance of repaying loans by the due dates, offering incentives for prompt payments and penalties for delays. This approach encourages discipline and reliability among borrowers.
3. Customer-Centric Approach:
Our customer service is available 24×7, providing clients with round-the-clock support and assistance. We understand the urgency of business needs and are committed to delivering exceptional service to address any concerns promptly.
Financial Secrecy and Security
HGB FINANCE prioritizes the confidentiality and security of financial information for both customers and investors. We implement robust security measures to protect sensitive data and ensure that all financial transactions are conducted with the highest level of privacy. Our commitment to financial secrecy fosters trust and confidence among our stakeholders.
Investment Advisory
1. Tailored Investment Solutions:
We offer personalized investment advisory services to our clients, helping them navigate the complexities of financial markets and make informed decisions. Our advisors provide insights and strategies tailored to the short-term loan requirements and financial goals of our customers.
2. Short-Term Loan Investment Strategies:
For investors interested in short-term loan opportunities, we provide detailed analysis and guidance on the potential returns and risks associated with these investments. Our goal is to maximize investor returns while ensuring the stability and growth of our financial ecosystem.
HGB FINANCE is committed to revolutionizing the financial landscape for businesses by offering innovative, ethical, and efficient financial solutions. Our focus on women empowerment, transparent lending practices, and stringent adherence to regulatory standards positions us as a trusted partner for businesses and investors alike. We strive to create a sustainable and inclusive financial environment that supports the growth and success of all our stakeholders.