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Home / Knowledge Hub / Case Studies / Gold Plus Glass

Gold Plus Glass Raises Largest Ever Debt of INR 430 Cr through Yubi Loans

The result

  • INR 430 Crores

    funding raised in 2 Months

  • INR 1000+ Cr

    8 Term Sheets

  • Interest Cost

    Savings

Gold Plus GlassΓC¿Case Study 1 Gold Plus Glass Raises Largest Ever Debt of INR 430 Cr through Yubi Loans

  • Yubi Loans

    Product

  • yub-product
    GoldPlus

    Company

  • yub-product

    Glass Manufacturing

    Industry

  • yub-product

    India

    Location

Gold-Plus-Glass-Case-Study

Tarun Jain

CFO, Gold Plus Glass Industry Limited

This collaboration has allowed us to find some fantastic lenders, lower our borrowing costs, & raise 430+ Cr in just two months. We were paired with over 100 lenders using Yubi's unique AI engine, YubiMatch, and 20+ investors expressed interest.

About the Company

Founded in 1985, GPGIL is India’s second-largest float glass manufacturing company, with an annual capacity of 1,250 tons per day (TPD). It carries the distinction of being the first company to get ISI certification for clear float glass manufactured in India. Some of the company’s major projects have been successfully completed, including Infosys offices in Chandigarh and Pune, Days hotel in London, and the Ranbaxy office in Mohali.

The Challenge

The Challenge

Gold Plus was ready to implement an innovative debt product in the minimum possible time to achieve business growth without manual intervention.

  1. Raise funds to help the company continue in the growth trajectory.
  2. Replace the existing lenders to aid the expansion plans and remove the promoter’s personal security.
  3. Find the most optimal debt product in the minimum possible duration.

The Solution

By undertaking a detailed review of the client’s current borrowings problem and carefully plotting a better route forward, Yubi’s Loan team designed a system that focuses on three key attributes: Discovery, Execution, and Fulfilment of Loan Requirements.

  1. Discovery and matching across 5000+ lenders across the rating spectrum with CredMatch (our proprietary AI engine).
  2. Gather an in-depth understanding of the borrower and translate that to the platform in an easily consumable way for lenders, which in turn help reduce TAT.
  3. Adopting market needs, the loan was split into multiple lenders and the Yubi team ensured coordination at all stages of the deal with all the partners resulting in faster closure.

The Results

Gold Plus Glass raised 430+ Crore in just 2 months, using Yubi’s Loan Platform. The partnership between Gold Plus Glass and Yubi was quite fruitful, as evidenced by the statistics.

  1. Total debt raised: INR 430+ Cr
  2. 8 Term Sheets: Value of INR 1000+ Cr

 

While our clients already speak highly of the platform, we are innovating every day to enhance their experience multifold via technology. 

To get a demo of how YubiCo.lend works, please write to us at credcolend@go-yubi.com

 

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