Gold Plus Glass, India’s Leading Glass Manufacturing Company, Raises Largest Ever Debt of 430 Cr through Yubi’s Loan Platform

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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.

Gold-Plus-Glass-Case-Study

Tarun Jain
CFO, Gold Plus Glass Industry Limited

GoldPlus

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.

GoldPlus

Industry: Glass manufacturing Company

Location: India

Product: Loans

Quick Facts

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430Cr

raised in 2 months

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8

term sheets value of 1000+ Cr

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350 bps

savings in interest cost

The Challenge

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

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

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.

Gold-Plus-Glass-case-study

The Results

Gold plus raised financing in the shortest time possible thanks to the credAvenue loan platform. The partnership between Gold Plus Glass and Yubi was quite fruitful, as evidenced by the following statistics.