Future Capital, based in Mumbai, India, is generating buzz with its massive move into commercial finance. The company’s “Project Moneybazaar” will offer a stunning array of financial products from credit cards to auto loans to mutual funds, financial planning services, insurance, money transfers, mortgages and microfinance services. Project Moneybazaar will be a consumer-centric operation, aimed at building capacity in its marketspace through innovative distribution channels.
On the microfinance level, the company is developing specialized kiosks to access the poor in urban areas. In addition, Project Moneybazaar will offer bundled pricing to its clients, allowing them more affordable access to a wider arrange of products.
Led by CEO, Samir Sain, an 11 year veteran of Goldman Sachs’ investment banking arm; and drawing from a pool of talent with backgrounds at McKinsey Consulting and Coca-Cola, Future Capital and Project Moneybazaar promise an exciting entry into microfinance.
Additional Resources
1) Economic Times: “Future Capital to Foray into Retail of Financial Products,” April 25, 2006.
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