Eskay Wires Secured Deals Worth Rs 5 Crore on Yubi Flow, Sales & Revenue Surges Upto 30%

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The digital onboarding on Yubi Flow was surprisingly quick and completely fuss-free. It helped us get access to the right deals and ensured that the cost of securing funding was minimal.

K. Jayaram
Partner, Eskay Wires Manufacturing  Co

Bengaluru-based Eskay Wires Manufacturing Company is a leader in the wire manufacturing industry that manufactures all essential wires and cables in various specifications.

Over the last 38 years, the company has focused on ensuring top-notch quality in their products, and boasts of an elite clientele of various public sector and defense sector companies.

Industry: Manufacturing

Location: Bengaluru

Product: Yubi Flow

Quick Facts

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Secured INR 5 crores within 1 week

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Quick, digital onboarding with minimum documentation

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Increased sales and revenue by upto 30%.

The Challenge

Due to the highly cost-intensive nature of the business, Eskay Wires Manufacturing Company was facing a shortage of working capital which hindered them from fulfilling their orders. Here are the top 3 challenges the company was facing in its quest to service its clients better:

  • The company had exhausted the last of their credit limit with their existing banking partners. Engaging with a new banking partner at this juncture was extremely time-consuming, exhausting, and long-drawn process. 
  • Eskay Wires Manufacturing Company was in urgent need of expanding their operations and required immediate funding of Rs 50 lakh. This was right when the pandemic struck, and the company urgently needed working capital.
  • The company lacked an in-house financial expert who had the network to help the company secure the right deal.

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All this snowballed into a major challenge for Eskay Wires Manufacturing Company who found it cumbersome to fulfill its commitment to its buyers.

The Solution

To solve its working capital shortage, the company partnered with Yubi Flow to overcome its challenges:

  • The company started its credit-raising journey by coming onboard Yubi Flow with the quickest paperwork with a superfast turnaround time. On Yubi Flow, Eskay Wires Manufacturing Company got access to multiple investors that helped the company secure funds in a secure and straightforward process.
  • Yubi Flow introduced the company to another investor (Hero FinCorp) to help them overcome the shortage of working capital.

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Coming onboard, Yubi Flow gave Eskay Wires Manufacturing Company access to multiple debt deals so they could choose one that best served their interests.

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The Result

  • The company was able to secure funds for its working capital needs in minimal time, which gave Eskay Wires Manufacturing Company the bandwidth to work on its growth strategies.
  • Within a week of coming onboard Yubi Flow, Esskay Wires Manufacturing Company was able to secure deals worth Rs 5 crore.
  • Eskay Wires Manufacturing Company succeeded in purchasing additional raw materials and making timely payments to its suppliers, and meeting the requirements of its buyers.

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The timely access to funds boosted the company’s working capital corpus and increased its sales and revenue upto 30%. 

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