Receivables Exchange of India Ltd (RXIL)
Overview
Receivables Exchange of India Ltd (RXIL) is a premier invoice discounting platform operating in India. It facilitates the financing of trade receivables of Micro, Small and Medium Enterprises (MSMEs) by connecting them with financiers. RXIL operates as a Trade Receivables Discounting System (TReDS) platform, as authorized by the Reserve Bank of India (RBI). This platform enables MSMEs to discount their invoices and receive early payments, improving their cash flow and working capital management. RXIL plays a crucial role in promoting financial inclusion and supporting the growth of the MSME sector in India.
About Us
Receivables Exchange of India Ltd. (RXIL), India's first Trade Receivables Discounting System (TReDS) platform, was established to revolutionize MSME financing. Promoted by Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited (NSE), RXIL offers a transparent and efficient mechanism for discounting trade receivables, enabling MSMEs to secure quick access to funds at competitive rates. By facilitating efficient financing, RXIL aims to be the leading TReDS platform in India, fostering a dynamic ecosystem that supports MSME growth and contributes significantly to the nation's overall economic development. The platform addresses the critical need for timely and affordable financing for MSMEs, which often face challenges in accessing traditional banking services. RXIL's TReDS platform connects MSMEs with a wide network of financiers, including banks, financial institutions, and corporate treasuries, creating a competitive bidding environment that drives down financing costs. This enhanced access to working capital empowers MSMEs to expand their operations, invest in innovation, and create jobs, thereby fueling economic growth. Furthermore, RXIL's transparent and standardized processes reduce the risks associated with trade financing, making it a more attractive option for both MSMEs and financiers. By streamlining the discounting process and providing real-time visibility into receivables, RXIL enhances efficiency and reduces transaction costs for all stakeholders. The company is committed to continuously innovating and expanding its platform to meet the evolving needs of the MSME sector and contribute to the growth of a robust and inclusive financial ecosystem in India. RXIL envisions a future where MSMEs have seamless access to affordable financing, enabling them to realize their full potential and contribute to India's economic prosperity.
Vision
To be the leading and preferred Trade Receivables Discounting System (TReDS) platform in India, enabling seamless financing for MSMEs and fostering a robust ecosystem for trade finance.
Mission
To facilitate efficient and transparent financing of trade receivables for MSMEs, thereby improving their cash flow, enhancing their competitiveness, and contributing to the growth of the Indian economy.
Culture
RXIL fosters a culture of innovation, collaboration, and customer focus. The company is committed to providing a user-friendly and efficient platform for MSME financing. RXIL values transparency, integrity, and ethical business practices. It promotes a learning environment where employees are encouraged to develop their skills and contribute to the company's success. The company is dedicated to creating a positive impact on the MSME sector and the Indian economy.