अभी केवल अंग्रेज़ी में. इस पृष्ठ का अनुवाद अभी नहीं हुआ है। यह कॉर्पोरेट फ़ाइनेंस और बैंकिंग टीमों के लिए लिखा गया है, जिन्होंने हमें बताया कि वे अंग्रेज़ी में ही पढ़ना पसंद करेंगे। MSME सप्लायर के लिए ज़रूरी पृष्ठों का पूरा अनुवाद हो चुका है।

For corporate buyers

Your suppliers get paid now. You pay on the date you always would.

No cost to you. No integration. No change to your payment terms, your ERP or your treasury position. What we need from you is a confirmation that the invoice is genuine - two clicks, no login.

It costs you nothing

The supplier pays the discount. You pay the invoice, in full, on the original due date. Your working capital position does not move.

It helps with the 45-day rule

Under s.43B(h) of the Income Tax Act, payments to registered MSMEs beyond 45 days are not deductible until actually paid. Early settlement of the underlying invoice removes that exposure.

Your data stays yours

Financiers never see your other suppliers, your prices, your volumes, or your payment history. We are explicit about this because it is the objection we hear first.

We are not your tax adviser and this is not tax advice - the s.43B(h) position depends on your own facts. It is here because it is the reason most finance teams look at this at all.

What the law already requires of you

None of this is our rule. It is the environment you are already operating in, and it is why this conversation is happening now rather than three years ago.

45 days to pay a registered MSME - MSMED Act, s.15: Where there is a written agreement, payment to a registered micro or small enterprise cannot exceed 45 days. Beyond that, compound interest runs at three times the RBI bank rate, and it is not tax-deductible.
s.43B(h), Income Tax Act - deduction only on actual payment: Amounts owed to registered micro and small enterprises past the s.15 deadline are disallowed as a deduction until they are actually paid. The disallowance lands in the year the liability arose, which is what makes it a year-end problem.
TReDS registration above ₹250 crore turnover: The MSME Ministry notification of 7 November 2024 requires every company above ₹250 crore turnover, and all CPSEs, to register on a TReDS exchange. If that is you, you are probably already registered - and for your MSME suppliers that is usually the cheaper route. We will tell them so.

If you are registered on an exchange, your suppliers should generally use it for the invoices it covers, and we will point them there. We are useful for what it does not reach - suppliers whose buyers are not registered, tenors beyond 90 days, and invoices that go unfinanced.

A credit rating is what makes this work

The buyer must hold a current credit rating from a SEBI-registered credit rating agency. Financing is assessed on the buyer’s ability to pay, so this is what a lender prices against.

Nothing about it costs you anything or changes what you owe. It is simply the number a lender prices against, and without one there is nothing for them to price.

Not every rating is accepted. Whether a particular credit rating or credit report is acted on is determined in accordance with our terms and conditions and our internal credit policy.

What we actually ask of you

Deliberately small. Every additional thing we ask is a reason for the request to sit unread in someone’s inbox.

Confirm the invoice is genuine and unpaid
You get an email with a link. It opens one screen showing the invoice number, the amount and the due date. Yes or no. No login, no account, no password to reset.
Tell us if the amount is wrong
If there is a credit note, a quality deduction or a short-shipment, say so on the same screen. It is far cheaper for everyone to find out now than at the due date.
Pay on the due date, as normal
To the same account, on the same date, through the same process. On our standard product nothing about your payment run changes at all.

Where you pay does not change

The debt is never assigned to the financier, so you will never receive a notice of assignment from us telling you to pay a different account. You keep paying your supplier, into the account you already use, on the terms you already agreed.

What we never ask for

No auto-debit mandate. We never ask you to sign a NACH mandate or give anyone the ability to pull funds from your account.
No ERP integration. Nothing to install, no IT project, no API keys.
No change to your payment terms. We do not ask you to pay earlier. The whole point is that you do not have to.
No exclusivity, and no minimum volume. Confirm one invoice or a hundred.

“What will financiers be able to see about my business?”

This is the question that decides whether buyers participate, and it deserves a page rather than a line. We have written out exactly what is shown, exactly what is never shown, and why.

What we show, and what we never show