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Godrej Capital Nirmaan teams with DBS Bank India, Visa & Amazon to support MSMEs

By Gloria Mathias

December 01, 2023

  • Amazon
  • Banking Solutions
  • Business Solutions

Godrej Housing Finance, DBS India, Visa, Amazon, Payments, MSME, Simplified Banking, India, Godrej Capital, the financial services arm of the Godrej Group, is leveraging its platform, Nirmaan, by expanding its collaborative network to support MSME growth in India.

Partnerships with DBS Bank India, Visa, Amazon, and others underscore Godrej Capital’s commitment to providing growth opportunities for MSME owners. These collaborations are designed to empower MSMEs, offering a diverse array of value-added services and comprehensive support throughout their business journey.

The platform aims to foster growth revolving around three critical areas for MSMEs: expansion of customer base, streamlining of operations, and enhancement of employee productivity.

Manish Shah, MD & CEO at Godrej Capital, said, “We are delighted to expand our partner ecosystem, reinforcing our commitment to helping MSMEs grow through Nirmaan. We aim to be catalysts and help MSMEs go beyond lending by being a part of their business growth journey. Aligned with the Godrej Group’s nation-building ethos, we see ourselves as enablers, and we firmly believe that, with the collective commitment and services provided by our partners, we can make a difference and contribute towards making India a $5 trillion-dollar economy.”

This partnership will enable DBS Bank India to offer MSMEs access to a comprehensive suite of value-added services, featuring a customised current account.

Rajat Verma, MD and Head Institutional Banking Group, DBS Bank India, said, “DBS Bank India has created an innovative offering with Godrej Capital Nirmaan. We have designed an exclusive set of benefits for MSMEs on Nirmaan that will help free up cash flows through special fee waivers on the current account variant, along with a host of partner offers to enhance business agility.”

Visa will provide comprehensive payment solutions for MSMEs through the Nirmaan platform. Its extensive network and global acceptance will also support DBS Bank India’s specially curated offerings for Nirmaan users. Amazon’s partnership with Nirmaan will help MSMEs showcase and sell their products to customers across India by listing them on Amazon.

Godrej Capital Nirmaan aims to contribute towards the entrepreneurial and socio-economic development of the MSME sector in India, ultimately contributing to the growth of the economy and nation-building.

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