Sheet metal fabricator Brick and Byte raises Rs 10Cr in debt from MSME lender Red Fort Capital

Navi Mumbai-based sheet metal fabricator Brick and Byte Innovative Products has raised Rs 10 crore in debt funding from MSME lender Red Fort Capital to support its working capital requirements.

Brick and Byte Innovative Products, which has a two-decades presence in the country, claimed to have corporate customers including Bharat Electronics India, EON Global, Vertiv Energy, Tokheim, and more. The 20-year-old manufacturer offers precision manufacturing and rapid prototyping services.

“Supporting business owners to sustain and grow stays at the heart of the underwriting policy of Red Fort Capital. With Brick and Byte, we saw the potential of the business model, commitment of the promoter, and the potential value it can create through this loan of ₹100 million,” said Parry Singh, Founder & CEO of Red Fort Capital.

“I needed funds to further expand my business and Red Fort Capital stood strong on their promise of speed and value creation. They understood the ins and outs of my business and were extremely transparent throughout the loan process,” said Prashant Kamat, Promoter, Brick & Byte Innovative Products.

Brick and Byte offers integrated engineering Services from concept to manufacturing in embedded and mechanical engineering domains including mechanical designing, manufacturing, embedded designing and electronic manufacturing.

The company also offers IT services such as software applications, mobile applications and SAP custom web application development, SAP implementation, product management, UI/UE designing, cloud computing, and more.

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