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Auxilo Raises 37.5 Crore from BCML for Educational Ecosystem Plans

Unveiling BCML's Journey through Auxilo's Media Platform

Auxilo Finserve Pvt Ltd, India's fastest growing education ecosystem NBFC, announced that it has raised Rs 37.5 Cr from one of the country's largest integrated sugar manufacturing company – Balrampur Chini Mills Ltd (BCML). With this equity capital infusion, BCML gets equal shareholding in the company along with Mr Aakash Bhansali, who leads the principal investments unit of Enam Holdings, with an equal investment value.

Both the investors have made a long-term commitment of equity investment of Rs 350 Cr - with each one of them committing at least Rs 175 Cr in tranches. BCML had approved the investment to the tune of Rs 175 Cr in Auxilo, in its Board Meeting held in September 2017.

Speaking on future plans, Mr Neeraj Saxena, MD & CEO, Auxilo Finserve shares, "We're moving ahead as per our roadmap in valuing dreams of students opting for higher studies and fulfill the unfulfilled financing needs of small-to-big size schools in India. Our country's rising needs, especially from smaller towns or cities, for possessing higher education is spurring ahead, and we're making our financial solutions in such a way so that it can match their needs and repayment terms. We're coming up with futuristic educational solutions that might become a game-changer."

Started operations in October 2017, Auxilo Finserve has aggressively spread its wings through setting up specialized centres in major educational hub-cities – Mumbai, Hyderabad, Chennai, Delhi, Bengaluru and Pune.

As a responsible educational financier, Auxilo Finserve has launched its first of its kind financial solution product for Women during this month, and is encouraging female students to apply for higher study loans to avail zero processing fees.

The NBFC essentially provides education loan to two major categories – students for higher studies (global & domestic) and educational institutes for infrastructure modernization. Students can not only obtain education fees up to 100% but also receive finances on their classroom expenditures, pre-VISA approval, air-fares and almost everything related to education cost. Similarly, educational institutes are encouraged to receive finances in creating basic to advanced infrastructure needs to be future ready.