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RXIL TReDS Platform Surpasses ₹2 Lakh Crore in MSME Invoice Financing

By Eram Shaikh --
Saturday, 05 Jul, 2025

The Receivables Exchange of India Ltd (RXIL), a premier Trade Receivables Discounting System (TReDS) platform, has marked a monumental achievement by surpassing ₹2 lakh crore (approximately US$23.35 billion) in invoice financing for Micro, Small, and Medium Enterprises (MSMEs). This milestone highlights RXIL’s critical role in bolstering liquidity and expanding access to formal credit for MSMEs, a cornerstone of India’s economic framework. Established with the backing of the Small Industries Development Bank of India (SIDBI), the National Stock Exchange (NSE), and prominent banks such as State Bank of India, ICICI Bank, and Yes Bank, RXIL has redefined trade finance in India.

In FY 2025, RXIL facilitated ₹80,500 crore in invoice financing, supporting over 44,000 MSMEs across 1,600 postal codes nationwide. By processing more than 88.5 lakh invoices through its fully digital platform, RXIL has enabled small businesses to convert trade receivables into immediate cash, addressing the persistent challenge of delayed payments. Operating under the Reserve Bank of India’s (RBI) regulatory framework, the TReDS platform streamlines invoice discounting, ensuring MSMEs gain timely access to working capital.

Manoj Mittal, SIDBI Chairman and RXIL Chairman, emphasised the platform’s significance in supporting MSMEs. “Crossing ₹2 lakh crore in financing underscores our dedication to fostering accessible credit solutions for small businesses through innovative digital channels,” he said. RXIL’s efficient, transparent processes and robust digital infrastructure have solidified its position, commanding a 35% share of the TReDS market.

Ketan Gaikwad, RXIL’s Managing Director and CEO, expressed optimism about the platform’s future. “With growing participation from corporates, government entities, and financiers, RXIL is set to further transform India’s MSME credit landscape,” Gaikwad noted. The platform aims to achieve ₹1.25 lakh crore in financing for FY26, reflecting its scalability and potential to drive economic inclusion.

RXIL’s milestone has far-reaching implications for India’s economy, where MSMEs are vital contributors to GDP and job creation. By addressing the ₹30 lakh crore credit gap for MSMEs, RXIL fosters financial inclusion and digital innovation. Its recognition with the ‘Fintech Innovation of the Year – Gold’ at the 5th BW Businessworld Fintech Awards 2025 underscores its pioneering approach to trade finance.

As RXIL continues to expand, its role in enhancing cash flow and supporting MSME growth remains pivotal. With increasing corporate engagement and regulatory backing, RXIL is poised to reshape the future of MSME financing, empowering small businesses to thrive in a dynamic market.

RXIL TReDS Platform Surpasses ₹2 Lakh Crore in MSME Invoice Financing. The Receivables Exchange of India Ltd (RXIL), a premier Trade Receivables Discounting System (TReDS) platform, has marked a monumental achievement by surpassing ₹2 lakh crore (approximately US$23.35 billion) in invoice financing for Micro, Small, and Medium Enterprises (MSMEs). This milestone highlights RXIL’s critical role in bolstering liquidity and expanding access to formal credit for MSMEs, a cornerstone of India’s economic framework. Established with the backing of the Small Industries Development Bank of India (SIDBI), the National Stock Exchange (NSE), and prominent banks such as State Bank of India, ICICI Bank, and Yes Bank, RXIL has redefined trade finance in India.

In FY 2025, RXIL facilitated ₹80,500 crore in invoice financing, supporting over 44,000 MSMEs across 1,600 postal codes nationwide. By processing more than 88.5 lakh invoices through its fully digital platform, RXIL has enabled small businesses to convert trade receivables into immediate cash, addressing the persistent challenge of delayed payments. Operating under the Reserve Bank of India’s (RBI) regulatory framework, the TReDS platform streamlines invoice discounting, ensuring MSMEs gain timely access to working capital.

Manoj Mittal, SIDBI Chairman and RXIL Chairman, emphasised the platform’s significance in supporting MSMEs. “Crossing ₹2 lakh crore in financing underscores our dedication to fostering accessible credit solutions for small businesses through innovative digital channels,” he said. RXIL’s efficient, transparent processes and robust digital infrastructure have solidified its position, commanding a 35% share of the TReDS market.

Ketan Gaikwad, RXIL’s Managing Director and CEO, expressed optimism about the platform’s future. “With growing participation from corporates, government entities, and financiers, RXIL is set to further transform India’s MSME credit landscape,” Gaikwad noted. The platform aims to achieve ₹1.25 lakh crore in financing for FY26, reflecting its scalability and potential to drive economic inclusion.

RXIL’s milestone has far-reaching implications for India’s economy, where MSMEs are vital contributors to GDP and job creation. By addressing the ₹30 lakh crore credit gap for MSMEs, RXIL fosters financial inclusion and digital innovation. Its recognition with the ‘Fintech Innovation of the Year – Gold’ at the 5th BW Businessworld Fintech Awards 2025 underscores its pioneering approach to trade finance.

As RXIL continues to expand, its role in enhancing cash flow and supporting MSME growth remains pivotal. With increasing corporate engagement and regulatory backing, RXIL is poised to reshape the future of MSME financing, empowering small businesses to thrive in a dynamic market.