RXIL's Groundbreaking Dividend: A New Era in India's TReDS Ecosystem

Receivables Exchange of India Ltd (RXIL) has declared a 21.6% interim dividend, becoming the first TReDS platform in India to do so. Since 2016, RXIL has financed over ₹2.6 lakh crore across one crore invoices for MSMEs. The platform's growth highlights its vital role in India's receivables financing landscape.

Receivables Exchange of India Ltd (RXIL) has made history by announcing a 21.6% interim dividend, marking a watershed moment for India's Trade Receivables Discounting System (TReDS). This financial move underscores RXIL's maturation and resilience in addressing liquidity issues within the MSME sector.

Since its inception in 2016, RXIL has transformed the receivables financing landscape, enabling over ₹2.6 lakh crore in financing through more than one crore invoices. It serves over 57,000 MSMEs, supported by a network of 3,200 buyers and 70 financiers, including leading banks.

MD & CEO Ketan Gaikwad emphasized RXIL's role in creating an efficient marketplace, providing timely capital solutions. As RXIL continues to grow, it aims to enhance participation, including state governments, ensuring sustained liquidity for MSMEs across India.

(With inputs from agencies.)