Search company, investor...

Predict your next investment

Angel Investor (Individual)

Investments

1

Portfolio Exits

1

About Anil Chawla

Headquarters Location

Want to inform investors similar to Anil Chawla about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Anil Chawla News

Clix Capital Aims To Double Disbursal In FY22

Dec 22, 2022

Clix Capital Aims To Double Disbursal In FY22 The Gurugram-based NBFC had disbursed Rs 2,220 crore in 2020-21 and around Rs 4,000 crore in 2019-20 Clix Capital, a digital lending platform, is aiming to disburse around Rs 5,000 crore this financial year, more than double that in the pandemic hit 2020-21 with an increased focus on retail lending. The Gurugram-based NBFC had disbursed Rs 2,220 crore in 2020-21 and around Rs 4,000 crore in 2019-20. Clix Capital founder Anil Chawla said the company continuously strives to bridge the credit gap in unserved and underserved segments such as new-to-credit customers and MSMEs. 'Towards this objective, we deploy cutting-edge technologies and insightful innovations in driving lending models responsive to the end-customers needs while significantly boosting financial inclusion. The company will continue its steady credit quality-led growth, focussing on the retail-lending segment,' he said in an interaction with PTI. He further said that the lending platform is in a position to disburse even Rs 6,000 crore keeping in mind market conditions and if there is no other lockdown. Presently, Clix Capital has a presence across 11 cities in the country and envisages deeper penetration in these markets with a focus on digital lending. As a digital-first company, a large part of Clix’s product offerings is fully digital. Chawla said digital platform enables an organization to attain scale with minimal addition of human resources, helping achieve higher profitability faster. But businesses that are feet-on-street intensive, such as the mortgage and equipment finance business, need more human resources to originate and underwrite, he said, and added those businesses will witness more hiring while expanding. The NBFC said that its strong focus on technology and strategic partnerships has helped it scale up and expand its footprint to around four million customers within four years. This was achieved by building a strong franchise of fast-growing businesses across SME lending, consumer finance, mortgages and equipment finance, Chawla said. He further said with COVID-19 hitting the livelihoods of low-to middle-income people, small businesses have been hugely impacted. 'As banks and NBFCs’ collections and recovery cycles are affected, delinquency levels have gone up drastically. Lenders have also tightened underwriting norms, citing uncertain macroeconomic conditions. In turn, loan disbursals have been hard hit, leaving the industry stuck in a vicious cycle,' he added. The biggest challenge is the rise in non-performing assets (NPAs) that impacts the overall asset quality, he said. With an alarming increase in restructured assets, based on the relaxation provided to borrowers by the government, there is a thin line that separates wilful and non-willful defaults, Chawla said. According to him, lenders like Clix with a leaner setup and high digital focus will be able to pivot and cater to evolving customer requirements fast. The company expects to grow its retail business and reduce corporate exposure further in 2021-22. PTI

Anil Chawla Investments

1 Investments

Anil Chawla has made 1 investments. Their latest investment was in Clix as part of their Private Equity on September 9, 2019.

CBI Logo

Anil Chawla Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/30/2019

Private Equity

Clix

$40M

Yes

2

Date

9/30/2019

Round

Private Equity

Company

Clix

Amount

$40M

New?

Yes

Co-Investors

Sources

2

Anil Chawla Portfolio Exits

1 Portfolio Exit

Anil Chawla has 1 portfolio exit. Their latest portfolio exit was Clix on June 16, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/16/2020

Corporate Majority

$99M

1

Date

6/16/2020

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

1

Anil Chawla Acquisitions

1 Acquisition

Anil Chawla acquired 1 company. Their latest acquisition was GE Capital - India Commercial Lending and Leasing Businesses on March 03, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/3/2016

$99M

Acquired Unit - Fin

1

Date

3/3/2016

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired Unit - Fin

Sources

1

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.