Mumbai, 05 May, 2025, M1 NXT, the International Trade Financing Services (ITFS) platform, has announced the onboarding India Exim Finserve IFSC Pvt. Ltd (Exim Finserve) as a Financer. As part of this collaboration, M1 NXT and India Exim Finserve aims to expand receivables finance solutions for Indian exporters, particularly MSMEs, who are vital contributors to the country’s economic growth. By addressing critical trade finance gaps, this collaboration seeks to enable incremental open account trade between India and its global trading partners, enhancing liquidity and accelerating international business transactions.
The Indian MSME export sector has witnessed remarkable growth, with total export value reaching ₹12.39 lakh crore in 2024-25. The number of MSME exporters has surged to 173,350, since 2020-21. On the global front, the MSME credit gap is estimated at $5.7 trillion[2], highlighting the urgent need for accessible trade financing solutions, presenting a vast opportunity for Trade finance.
Under this partnership, India Exim Finserve has successfully financed the export of agrochemical products by Parijat Industries (India) Pvt Ltd, a leading Indian agrochemical company, to a Buyer based in the United States of America under an export factoring arrangement. For India Exim Finserve, this marks the first financing transaction with an ITFS platform.
“This partnership strengthens M1 NXT’s mission to bridge the global trade finance gap for SMEs,” said Munindra Verma, CEO of M1 NXT. He added, “The onboarding of India Exim Finserve as a financier strengthens our ability to assist Indian exporters, especially SMEs, in accessing seamless and efficient financing solutions, and we look forward to expanding this partnership that contributes to India‘s global trade growth. This transaction is a prime example of M1 NXT‘s commitment to creating a more inclusive and streamlined ecosystem, allowing SMEs to gain access to working capital, reduce risks, and confidently grow in the global markets.”
Hirva Mamtora, MD & CEO, India Exim Finserve, added “Gift City is emerging as a global hub for cross border trade finance and we are committed to play a vital role in bridging the gap in cross border trade finance especially for MSMEs. Our association with M1 NXT will enhance trade finance access for Indian exporters. This transaction reinforces our efforts to bridge the trade finance gap and ensure that Indian exporters can expand their global reach with the right financial support.”
Mr Shivraj Anand, Director, Parijat Industries (India) Pvt Ltd while expressing happiness at successful completion of the transaction remarked, “the timing couldn’t have been better. With this small beginning, M1NXT and India Exim Finserve has given us the confidence to plan how to reduce our debt through factoring of export receivables by taking advantage of the M1NXT ITFS set up at GIFT City. Our sincere thanks to the teams at Mynd Group as well as India Exim Finserve with whom Parijat Teams worked closely for concluding the transaction.”
Exim Finserve extends a comprehensive range of trade finance products to Indian exporters, with a primary focus on export factoring. The factoring services by Exim Finserve provide a combination of three essential services to exporters: receivables financing, coverage of the risk of non-payment and management of accounts receivable. The factoring financing is particularly beneficial for MSME exporters as it is primarily based on the quality of accounts receivable, rather than collateral.
M1 NXT is a subsidiary of M1xchange, India’s leading TReDS platform. Operating under the International Trade Financing Services (ITFS) framework at GIFT City, M1 NXT connects exporters and importers with global financial institutions, simplifying access to working capital.
The collaboration marks an important step in strengthening trade finance solutions within GIFT City, providing Indian exporters with efficient and structured access to global markets.
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