Working capital for the operating cycle, term loans for capacity expansion, and project finance for greenfield manufacturing. We work with manufacturers across the Indian industrial belt — from auto components to engineering, from textiles to FMCG production.
BIG LOANS arranges ₹100 crore-and-above debt mandates for Indian manufacturers across the entire industrial spectrum — from auto components to engineering, FMCG to textiles, electronics to specialty industrial. We structure working capital limits aligned to the operating cycle (debtor days, inventory cycle, packing credit for exporters), term loans for capacity expansion, and project finance for greenfield manufacturing with PLI scheme alignment where applicable. Manufacturing debt in India spans MIDC, GIDC, SIDCUL, MPIDC and similar industrial belts — each with different lender appetite and state-incentive layering.
Manufacturing accounts for roughly 17% of India's GDP and the deepest concentration of large-ticket corporate debt mandates. The Indian manufacturing base spans dozens of sub-sectors — auto components, engineering, electronics, textiles, FMCG production, packaging, specialty industrial — each with its own working-capital cycle, capex profile, and lender appetite.
The PLI (Production-Linked Incentive) schemes have substantially restructured manufacturing capex finance over the last 4 years. Lenders increasingly factor PLI cash-flow visibility into project DSCR, and several PSU banks have dedicated PLI-aligned lending desks. State industrial incentives (Maharashtra MIDC, Gujarat GIDC, UP UPSIDC) layer on top.
Five common situations where manufacturing companies approach BIG LOANS.
Adding a new line at an existing plant, doubling installed capacity. Term loan ₹100-1,000 Cr at 5-8 year tenor, sponsor equity 25-30%.
Capex aligned to PLI scheme commitments (electronics, mobile, pharma APIs, white goods, auto components). DSCR factored to include PLI receipts.
₹250 Cr+ greenfield plants on freehold or industrial-park leasehold land. Limited-recourse project-finance structure with TEV, sponsor equity, lender consortium.
₹200 Cr+ working capital needs that exceed single-bank appetite. Multi-banking moves to consortium with Common Loan Agreement and MPBF assessment.
Replacing higher-cost NBFC or mezz debt with cheaper bank term loans. 100-250 bps savings typical, plus longer tenor and looser covenants.
Bank guarantees and letters of credit for tender participation, supplier credit, performance guarantees. Non-fund-based limits up to several times fund-based.
Manufacturing has broad fit across most BIG LOANS products. The structure depends on the use case.
Almost every Indian lender participates in manufacturing debt. Appetite varies by sub-sector, ticket size, and tenor.
SBI, BOB, PNB, Canara, Union, Indian Bank — strongest in traditional manufacturing (textiles, engineering, agri-processing) with deep industrial-belt relationships.
HDFC, ICICI, Axis, Kotak — competitive for mid-to-large manufacturers, especially those with structured cash flow. Faster turnaround than PSUs.
StanChart, HSBC, DBS, Citi — focus on export-oriented manufacturers (auto, IT-electronics, pharma APIs). Strong ECB and trade-finance product set.
Diversified NBFCs (Bajaj, Aditya Birla, Tata Capital) and specialist industrial NBFCs cover mid-market manufacturing where bank turnaround is slow.
Active for structured situations — mezz layer, growth capex, refinancing of distressed positions, specialty industrial sub-sectors.
REC, PFC, IIFCL — for manufacturing capex that has infrastructure characteristics (port-linked, energy-intensive, large industrial parks).
Same 5-stage process for any large-ticket corporate debt mandate, applied to manufacturing specifics.
NDA, then a short call to understand the business model, key financial drivers, capital need. Sector-specific risk factors mapped early.
Optimal facility mix, tenor, security. Lender shortlist tuned to sector appetite — banks for vanilla, NBFCs / AIFs for specialty structures.
Sector-grade Information Memorandum, financial model, market analysis. Pitched to shortlisted lenders in parallel.
Multiple sanctions negotiated in parallel on pricing, covenants, security. Final lender(s) selected.
Loan agreement, security creation, CPs satisfied, drawdown. Sector-specific compliances (RERA, FEMA, SEBI, etc.) handled along the way.
Share a one-page brief on your business and funding need. We respond within one working day with feasibility, structuring and lender shortlist tuned to your sector.