Term loans & project finance
Capex, expansion and project funding — sized on DSCR (we use ≥~1.5x as common comfort) and structured across PSU, private and NBFC rails for the longest workable tenor at the lowest cost.
Your debt syndication desk — based in Mumbai, working across the MMR.
Debt Syndication & Corporate Finance Advisory in Mumbai, Lender-Agnostic
We don’t mass-apply — we close mandates. From our Andheri East office, Finnova structures the file and runs a competitive process across PSU banks, private banks, NBFCs and SEBI AIFs to get Mumbai and MMR borrowers the right lender, on the right terms — and walked through to disbursement. Term loans, working capital, structured credit, ECB and the full non-fund stack. Part of Finnova’s ₹4,250 Cr+ mobilised across 100+ corporate-finance mandates since 2011.
Mumbai office, Andheri East Lender-agnostic · PSU · Pvt · NBFC · AIF CA + ex-banker depth
Finnova’s corporate-finance track record since 2011, in numbers
₹4,250 Cr+
Capital mobilised across sectors100+
Corporate-finance mandates closed₹550 Cr
Largest single facility arranged4
Lender classes — PSU · Pvt · NBFC · AIFMumbai 400093
Our office — The Summit Business Bay, Andheri EastDebt syndication is the mandate-led arrangement of borrowing — term loans, working capital, structured and non-fund-based facilities — where an advisor builds your credit file, takes it to the most suitable lenders and negotiates terms, instead of you applying bank by bank. We are a Mumbai-based desk at The Summit Business Bay, Andheri East, and we are lender-agnostic across PSU banks, private banks, NBFCs and SEBI-registered AIFs. See the full corporate finance & debt syndication practice.
Finnova Advisory is an advisory firm — we structure the file, the limit and the terms and negotiate the deal; the lender sanctions and disburses. Rate bands on this page are indicative as of June 2026 and not a promise — actual pricing depends on your rating, sector, security and tenor.
A debt syndication desk in Mumbai
The full debt stack, arranged from Andheri East
Mumbai and the MMR are India’s corporate-finance capital — listed groups, trading and import houses, EPC and infrastructure players, and a deep mid-market in Andheri, BKC, Thane and Navi Mumbai. We arrange the whole borrowing stack for them, fund-based and non-fund, and match each facility to the lender that prices it best. It links up to our full corporate finance practice.
Working capital (CC / WC)
Cash credit and working-capital limits sized on the CMA — Nayak/turnover or MPBF Tandon method — with drawing power tracked correctly so your sanctioned limit actually funds the cycle.
Structured & mezzanine credit
Where a bank template won’t fit — promoter funding, growth capital, special situations and buyouts — routed to NBFCs and SEBI AIFs that price a return, not a posted rate. Links to structured finance.
Non-fund — LC, BG & surety
The trade and tender stack Mumbai import and EPC businesses run on — letters of credit, bank guarantees and the IRDAI surety alternative that doesn’t eat your bank non-fund limits.
ECB / overseas borrowing
For exporters and naturally-hedged corporates — automatic-route ECB up to the higher of USD 1bn / 300% net worth (FEMA 2026), all-in-cost market-linked, MAMP 3 years. We structure and run the approval.
Refinance & rate reduction
Re-pricing legacy debt onto the right benchmark — MCLR vs EBLR — and the right lender. The benchmark your facility sits on, not just the spread, decides what you actually pay.
PSU vs private vs NBFC vs AIF
The four lender classes, side by side
Lender-fit is the whole game. Each class prices differently, moves at a different speed and accepts a different structure — the mandate is choosing the right one (or the right blend) for your file, not chasing the lowest headline rate. Here are the indicative bands as of June 2026.
| Lender class | Indicative rate | Typical tenor | Turnaround | Where it fits best |
|---|---|---|---|---|
| LenderPSU banks | Rate~8.5–11% | TenorUp to ~15 yrs | Turnaround6–10 weeks | Best fitLowest cost, longest tenor — large term loans, project finance, deep working-capital limits for established borrowers. |
| LenderPrivate banks | Rate~9–12% | TenorUp to ~10 yrs | Turnaround3–5 weeks | Best fitFaster turnaround and slicker service — growth-stage corporates that value speed and relationship over the last basis point. |
| LenderNBFCs | Rate~10–14% | TenorUp to ~7 yrs | Turnaround2–4 weeks | Best fitFlexible on structure, security and cash-flow lending — mid-market files that a bank template can’t quite fit. |
| LenderSEBI AIFs / credit funds | Rate~13–18% IRR | Tenor3–6 yrs | Turnaround4–6 weeks | Best fitStructured, mezzanine and bespoke credit where a return, not a posted rate, is priced — special situations and growth capital. |
Indicative only, dated June 2026 — never a promise. The AIF figure is an IRR / return, not a posted loan rate. Most corporate loans price off MCLR (SBI MCLR ~7.9–8.85%, repo 5.25%); EBLR (repo-linked) is mandatory only for retail and MSE/MSME floating loans since 1 Oct 2019, so not every corporate facility is repo-linked. Read the deeper comparison: PSU bank vs NBFC vs AIF debt.
How we run a Mumbai mandate
From credit file to disbursement — walked through
We don’t hand you a list of bankers and wish you luck. A senior, CA- and ex-banker-led desk in Andheri East owns the file from positioning to drawdown.
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Build the file & the credit story
week 1–2We build the CMA / financial model, fix the right facility mix and ratios (DSCR, current ratio, debt-equity), and write the credit story the way an appraising banker reads it — see how banks appraise a loan proposal.
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Pick the lenders & run a process
case-dependentWe shortlist PSU banks, private banks, NBFCs and AIFs on lender-fit, then run a competitive process so terms are discovered, not dictated — instead of mass-applying and hoping.
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Negotiate the term sheet
2–4 weeksRate, benchmark (MCLR vs EBLR), tenor, security, covenants and the non-fund sub-limits — we negotiate the whole sanction, not just the headline rate, with our ex-banker depth on your side.
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Documentation to disbursement
through drawdownWe clear conditions precedent, coordinate legal and security creation, and stay on the file until the money is actually drawn — the right terms, walked through to disbursement.
Illustrative Mumbai / MMR mandates
The shape of the files we run
[Illustrative] — representative of the structures we close across Mumbai and the MMR, not a public client list. Individual mandate volumes are kept confidential; the firm-wide track record is ₹4,250 Cr+ across 100+ mandates since 2011.
Borrowers & sectors we serve
CA- and ex-banker-led — office at The Summit Business Bay, Andheri East (400093), serving Mumbai, the MMR, Maharashtra and pan-India.
[Illustrative] mandate structures
- Andheri import house — multi-bank LC + CC limit restructured across a PSU and a private bank, drawing power tracked correctly.
- Thane manufacturer — capex term loan on MCLR plus an enhanced working-capital limit, sized on a fresh CMA.
- Navi Mumbai EPC firm — performance BG and advance-payment guarantee stack, with surety used to free non-fund limits.
- BKC-headquartered group — structured / mezzanine facility from a SEBI AIF for a growth and partial-buyout requirement.
Illustrative structures only. Explore the deeper comparison of PSU bank vs NBFC vs AIF debt.
Why Finnova for debt syndication in Mumbai
We sit on your side of the table — not the lender’s
A bank sells you its product. We run a process across every lender class and negotiate the whole sanction — with CA depth on the numbers and ex-banker depth on the credit committee.
01
Mandate-led, not mass-applied
We close mandates by running a competitive process — terms get discovered across lenders, not dictated by the first bank you walked into.
02
Lender-agnostic by design
PSU, private, NBFC or SEBI AIF — the recommendation is driven by your rating, sector and tenor, not by who pays us a referral.
03
CA + ex-banker depth
We build the file the way a banker appraises it and negotiate the way a credit committee thinks — that is what gets the better term sheet.
04
Walked through to disbursement
We stay on the file through documentation, security creation and conditions precedent until the money is actually drawn — not just sanctioned.
Consultation
In Mumbai? Let’s structure your debt
Tell us the requirement and we’ll tell you the right lender class, the likely terms, and the benchmark your facility should sit on. No bank pitch — a straight read from a Mumbai-based desk that runs these mandates to disbursement. Walk in to Andheri East, call, or message us.
Thank you — your enquiry has been submitted
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FAQ
Debt syndication in Mumbai, answered
A debt syndication consultant structures your borrowing file, takes it to the right lenders and negotiates terms — rather than mass-applying. From our Andheri East office we build the CMA/financial model, position the credit story, run a competitive process across PSU banks, private banks, NBFCs and SEBI AIFs, and walk the mandate through to sanction and disbursement. Finnova is an advisory firm: we close mandates; the lender sanctions and disburses.
We are lender-agnostic. Depending on your rating, sector and tenor, we run PSU banks (broadly ~8.5–11%, longest tenors), private banks (~9–12%, faster turnaround), NBFCs (~10–14%, more flexible on structure) and SEBI-registered AIFs / private credit funds (~13–18% IRR for structured or mezzanine needs). These bands are indicative as of June 2026, not a promise — the right mix depends entirely on your file.
Firm-wide, Finnova has mobilised ₹4,250 Cr+ across 100+ corporate-finance mandates since 2011, with a largest single facility of ₹550 Cr. We keep individual mandate volumes confidential. The Mumbai mandates shown on this page are illustrative of the structures we run — term loans, working-capital limits, structured credit, LC and BG — not a public client list.
Not all of them. EBLR — the external benchmark (repo-linked) rate — is mandatory only for retail and MSE/MSME floating-rate loans since 1 October 2019. Most corporate loans are still priced off MCLR. With the repo at 5.25% and SBI’s MCLR around 7.9–8.85% (indicative, June 2026), the benchmark your facility sits on materially changes your effective cost — which is part of what we negotiate.
For eligible large acquirers, yes — this changed in 2026. Under RBI’s Commercial Banks – Credit Facilities Amendment Directions, 2026, banks may finance acquisitions up to 75% of acquisition value where the acquirer brings ≥25% own funds, post-acquisition debt-equity stays ≤3:1 and net worth is ≥₹500 Cr (unlisted acquirers also need a BBB- or better rating), within capital-market-exposure caps. Sub-threshold mid-market buyouts still route via NBFC/AIF structured credit, LAP, LRD and promoter funding.
Yes. Under the FEMA (Borrowing & Lending) First Amendment Regulations, 2026, the automatic-route ceiling is the higher of USD 1bn or 300% of net worth, the all-in-cost ceiling has been removed (it is now market-linked) and the minimum average maturity remains 3 years. For Mumbai exporters and corporates with a natural currency hedge, an ECB can sit cheaply alongside your rupee stack — we structure and run the approval.
Both. Alongside term loans and working capital we arrange the non-fund stack that Mumbai trading, EPC and import-led businesses live on — letters of credit (UCP 600) and bank guarantees (RBI Guarantees Master Circular), plus the insurance surety bond route under the IRDAI 2022 guidelines that does not consume your bank non-fund limits. The aim is one coherent limit structure, not a pile of disconnected sanctions.