by Brick and Byte, a sheet metal fabricator based in Navi Mumbai, has raised Rs 10 crore debt from Red Fort Capital. The debt will be used to fund the company’s working capital requirements and to expand its manufacturing capacity.
Brick and Byte is a leading provider of precision sheet metal fabrication services to the industrial and automotive sectors. The company has a two-decade presence in the industry and has corporate customers including Bharat Electronics India, EON Global, Vertiv Energy, and Tokheim.
Red Fort Capital is a non-banking financial company that provides debt financing to small and medium-sized enterprises. The company has a focus on the manufacturing sector and has financed over Rs 100 crore of debt to SMEs in the past year.
Here are some additional details about the story:
- Brick and Byte has raised Rs 10 crore debt from Red Fort Capital.
- The debt will be used to fund the company’s working capital requirements and to expand its manufacturing capacity.
- Brick and Byte is a leading provider of precision sheet metal fabrication services to the industrial and automotive sectors.
- Red Fort Capital is a non-banking financial company that provides debt financing to small and medium-sized enterprises.
Here are some quotes from Brick and Byte executives:
- “We are excited to partner with Red Fort Capital,” said Parry Singh, CEO of Brick and Byte. “This debt will help us to expand our manufacturing capacity and to meet the growing demand for our products.”
- “We are confident that Brick and Byte is well-positioned for growth,” said Singh. “We have a strong track record of execution and we are committed to providing our customers with the best possible products and services.”
Overall, Brick and Byte’s debt raise from Red Fort Capital is a significant development for the company. The debt will help the company to expand its manufacturing capacity and to meet the growing demand for its products. It is also a vote of confidence in the company’s future growth prospects.”
