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Division
Lalsar Capital
Lalsar Capital works with MSMEs and corporates that need to raise capital or credit — whether that's term debt for expansion, equity to bring in a growth partner, working capital to run the day-to-day cycle, or a facility secured against property. We help you decide what kind of capital or credit actually fits your situation, then structure and place it with institutions suited to your scale.
Debt fund raise, equity fund raise, business loans, loan against property, and working capital — capital and credit structured for growth.
Share your requirement and our team will follow up.
What we do
Offerings
Who it's for
Is this the right fit for your business?
- Businesses raising their first significant round of institutional debt or equity
- Promoters evaluating whether to dilute equity or take on more debt for the next stage of growth
- MSMEs needing working capital for inventory, receivables, or their operating cycle
- Businesses expanding and needing term debt for capital expenditure
- Companies wanting to borrow against owned commercial or residential property
- Businesses looking to refinance or consolidate existing facilities on better terms
How we work
Our approach
01
Understand the ask
We start with what you're raising, why, and what stage your business is at — the right instrument depends on this before anything else.
02
Match the structure
We help decide the right structure — the split between debt and equity where relevant, and the facility type (cash credit, overdraft, term loan, or a facility against property) for what you're solving for.
03
Prepare the case
Financial workings and the credit or investment proposal are prepared the way a bank's credit team, or an investor, actually reads them.
04
Place and follow through
We approach a shortlist of banks, NBFCs, or investors matched to your sector and ticket size, and stay involved through sanction, disbursement, and closing.
On this page
In depth
Lalsar Capital, in depth
Raising money for a business is a decision with several moving parts, and most of the trouble comes from treating it as one. Lalsar Capital exists to separate the parts: what the money is for, how it will come back, whether it should be borrowed or invested, what you can offer as security, and which kind of institution is built to say yes. Once those are clear, the actual placement becomes far more straightforward.
The division covers five services. Debt fund raise is for structuring larger borrowing, including term debt and project debt. Equity fund raise is for bringing in an investor. Business loan is for matched working capital and term facilities. Loan against property is for borrowing secured by property you own. Working capital is for the daily cycle of stock, receivables and payables. They overlap, and a single business often needs more than one.
The thinking behind the division is simple. Capital is a tool, and the wrong tool causes harm even when it is cheap. A long loan for a seasonal need, a short line for a long asset, equity given away when debt would have done, or a property pledged for a purpose a cash flow could have supported: each is a structural mistake that no amount of negotiation fixes later.
Lalsar Holdings works on an advisory and facilitation basis. It is not a lender and it does not invest. It helps you decide, prepares the case in the form a credit team or an investor reads, approaches suitable institutions and stays alongside you until closing. Decisions on sanction, pricing, security and investment terms rest with the institutions, and no one can promise an outcome.
How the Capital division thinks about funding
The starting point is never the product, it is the problem. A business that says it needs a loan may in fact have a collection problem, a pricing problem or an equity gap. So the first conversation is about the cash cycle, the growth plan, the existing obligations and the promoters' appetite for risk and control, before any lender is mentioned.
From the problem, the right instrument usually follows. Money that comes back within a cycle of buying and selling is working capital. Money that comes back through profits over several cycles is term debt. Money that comes back from a new unit's own earnings is project debt. Money that is risked on an uncertain upside and shared with a partner is equity. Where one need combines several of these, the structure should be split into matching parts.
The second principle is that a case should be believable. Lenders and investors read many proposals, and the ones that stand out are not louder, they are cleaner: numbers that reconcile, projections that follow from history, security described honestly and an ask that fits the capacity to repay.
How the five services fit together
Working capital and business loans are the everyday toolkit. Working capital funds the cycle, and a business loan, usually a term loan, funds assets. A growing business often has both, and the two should not be confused. A larger or more complex borrowing, such as expansion across several lines of funding, belongs to debt fund raise, which looks at the total picture of facilities, security and lenders.
Loan against property is a way of providing security and unlocking larger or longer funding than the business could otherwise support. It can sit under a business loan or a debt raise, since it is a security structure as much as a product. Equity fund raise sits on the other side of the decision: it is for situations where debt would over-leverage the business or where a partner's involvement matters as much as the cash.
Because the services overlap, a mandate can start in one place and widen. A business that came for working capital might discover that the real need is a term loan for a machine. One that came for debt might conclude, after looking at leverage, that part of the need is better met with equity. Starting with the problem keeps this flexibility.
Who the division is for
It is built for MSMEs and corporates at the stages where capital decisions begin to matter: raising a first significant institutional loan, outgrowing a working capital limit, planning an expansion, considering whether to dilute equity, or wanting to refinance a patchwork of facilities into a clearer structure. It is also for businesses that were declined or under-sanctioned and want a second look at how the case was made.
It is less useful for a business that already has a comfortable, long-standing relationship and needs only a routine renewal, or for someone looking for a lender to do the work without any preparation. If your numbers are not in order, the first task is putting them in order, and Lalsar can help with that, but the work cannot be skipped.
Sequencing: what to do first and what can wait
A sensible order is to start with diagnosis, then structure, then documents, then placement. Diagnosis covers the cash cycle, the existing debts, the credit report and the promoters' wishes. Structure decides debt versus equity, short versus long, secured versus unsecured. Documents turn the structure into a proposal. Placement approaches institutions. Reversing this order, by approaching lenders first and working out the structure while they wait, is the most common cause of avoidable rejections.
Among the services, working capital often comes first when the business is cash-strained, because it stabilises operations. Term borrowing follows when growth plans are firm. Equity is better considered earlier than most promoters expect, because it takes the longest and the conversation about control is better had calmly than in a hurry. Property-backed borrowing is most sensible for a defined need, not as a default.
If a credit file is weak, it is better to spend a few weeks improving it than to apply and be declined. A decline can sit on the record and make the next approach harder, so timing is part of strategy.
How Lalsar works with lenders and investors
Lalsar approaches a shortlist of banks, non-banking finance companies and investors matched to your sector, ticket size and facility type. The shortlist depends on what the institution actually funds, not on a standing arrangement, and the information given to each is consistent, since credit teams and investment teams compare notes through bureau data and market talk.
Banks tend to be less expensive but slower and more documentation-heavy. Non-bank lenders often move faster and are more flexible in structure, usually at a higher cost. Investors differ even more by stage and style. The right match depends on your priorities, and Lalsar helps you weigh them rather than choosing one for you.
Throughout, the institution makes its own decisions. Lalsar prepares, presents, coordinates and follows up, and it is open about the fact that it cannot decide or promise anything on the institution's behalf.
What to prepare before the first conversation
You do not need a perfect file to start, but a few things speed everything up. Know what the money is for and how much you think you need. Have the latest financial statements, tax filings and bank statements within reach. List every existing loan with its lender, limit, balance and schedule. Know what assets you could offer and who owns them. Look at your credit report so there are no surprises.
Also come with a view on the things only you can decide: how much risk you can carry, how much control you are willing to share, whether personal property can be offered, and what timing really matters. These answers shape the structure more than any spreadsheet does.
- Purpose, amount and time horizon of the funding
- Latest financial statements, tax returns and bank statements
- A list of existing facilities and their schedules
- Details of assets available as security and who owns them
- Your credit report and any known issues in it
- Your position on control, personal risk and timing
How Capital fits with the other Lalsar divisions
Capital rarely stands alone. When the funding is for a new project, a detailed project report and financial data prepared the way lenders read them come from the Infra side, which also handles project finance. When the credit profile needs work before approaching anyone, the Apex Solutions side offers a financial wellness review and rating improvement support. If an existing account is under stress, restructuring and settlement advice sits there too.
Businesses that trade internationally may need export and import finance and treasury advice from the Trade and Logistics side. Knowing that these connections exist is useful, because a problem that looks like a funding problem may turn out to be a credit-health or a trade-finance problem, and the answer then comes from a different part of Lalsar.
Which service fits your situation?
You need money to buy stock, wait for customers to pay and still meet the month's bills
This is a working capital need. The facility is sized to your operating cycle and revolves with sales, usually as cash credit or an overdraft, sometimes with discounting of receivables.
Working Capital FacilitiesYou are buying machinery or expanding capacity and the benefit will last for years
A term facility fits, with a repayment schedule matched to the asset's earning life. If the borrowing is large or has several parts, a structured debt raise looks at the whole picture.
Debt Fund RaiseYou want a straightforward loan matched to your cycle or a capital purchase from the right bank or NBFC
A business loan covers both working capital and term needs for MSMEs and corporates. The work is in matching the facility to the purpose and the lender to your profile.
Business LoanYou own commercial or residential property and need a larger or longer facility than your cash flow alone would support
Borrowing against the property can unlock a bigger ticket at a lower cost, but it puts the property at stake. Title, valuation and repayment capacity decide how much is possible.
Loan Against PropertyDebt would over-stretch the business, or you want a partner who brings more than money
Equity is the instrument for growth that carries more risk than a lender will take. It means sharing ownership and some decisions, so fit with the investor matters as much as price.
Equity Fund RaiseYou were declined or under-sanctioned and do not know why
Start by reviewing how the case was structured and presented, then re-approach a better-matched institution. A debt fund raise review is the usual entry point.
Debt Fund RaiseYou have several scattered facilities and want a cleaner structure
Consolidation through a fresh business loan or a secured facility can simplify repayments, but the total cost, including closure charges, must genuinely come out better.
Business LoanCommon mistakes to avoid
Starting with the lender instead of the problem
Approaching institutions before the need and structure are clear leads to mismatched asks and avoidable rejections.
Treating all capital as interchangeable
Short money for long needs, or equity where debt would do, is a structural error that negotiation cannot repair later.
Sending the same file to everyone at once
A broadcast approach creates many enquiries and inconsistent stories, and tells lenders you are rushing.
Leaving the numbers unreconciled
Statements, returns, bank records and projections that disagree lose credibility for the entire file.
Pledging personal assets casually
Property and personal sureties carry real consequences. Offer them knowingly and for a purpose that justifies the risk.
Underestimating how long it all takes
Preparation, appraisal and documentation each take time. Plan to stay funded without depending on a fixed date.
Waiting for stress before seeking advice
Capital options are widest when the business is healthy. Starting after cash has run out narrows them.
Related reading
Raising capital
How an MSME should prepare before raising debt
Most loan proposals lose time not because the business is weak, but because it walks into the bank unprepared. Here is what to put in order first.
Raising capital
Equity or debt: choosing the right capital for your stage
The choice between equity and debt is not simply about cost. It is about control, repayment obligation, and what stage the business is actually at.
Raising capital
What lenders look for in a credit proposal
Behind every credit decision is a checklist most borrowers never see. Understanding it changes how you build your proposal.
Working capital & credit
Bank or NBFC: how to decide where to borrow
Banks and NBFCs both lend to businesses, but they are not interchangeable. The right choice depends on what you are borrowing for and how quickly you need it.
Offering
Project Finance
Structuring term finance against a specific project's cash flows and assets — new units, expansions, and capacity additions.
Offering
Financial Wellness Report
An independent read on your business's credit-readiness before you approach a lender.
Offering
Export–Import Finance
Structuring pre-shipment, post-shipment, and import finance facilities with banks that handle trade credit.
Questions
Frequently asked questions
Do you help with both debt and equity in the same mandate?+
Yes — where a business needs a blended structure, we help evaluate the right mix rather than defaulting to whichever instrument is easier to place.
How do you assess working capital requirement?+
We look at your operating cycle — how long cash is tied up in inventory and receivables versus what your payables cover — using standard working-capital assessment methods lenders themselves apply, such as turnover-based and operating-cycle approaches, to arrive at a realistic ask.
Do you invest in businesses yourselves?+
No. Lalsar Capital is an advisory and placement function — we structure and present your case to banks, NBFCs, or investors; the funding decision and terms are theirs.
Can you guarantee our loan will be sanctioned?+
No advisor can guarantee sanction. That decision rests solely with the lending institution, based on their credit policy and your business's eligibility. Our role is to present the strongest possible case.
Where should I begin if I am not sure what kind of funding I need?+
Begin with what the money is for and where it will come back from. A short conversation about your cash cycle, growth plan and existing debts usually points to the right instrument. The product comes after the diagnosis, not before.
Is it possible to combine two services in one mandate?+
Yes. Many cases need a term facility alongside a working capital limit, or a blend of equity and debt. The structure is designed as a whole and each part is matched to its purpose, so the pieces work together rather than against each other.
Does Lalsar Capital work only with large companies?+
No. The division serves MSMEs and corporates alike. The structure and the lenders approached differ with scale, but the discipline of presenting a credible, well-prepared case is the same. Smaller businesses often gain the most from preparation.
Will approaching several lenders affect my credit record?+
Several enquiries in a short time can make a borrower look stretched. A short, ordered list of matched institutions with a consistent proposal is safer than a wide approach, and it is how a considered placement is usually run.
Who pays for the funding, and who sets the terms?+
The borrower repays the institution that provides the funds, and that institution sets the amount, price, security and conditions under its own policy. Lalsar Holdings is an advisor and facilitator, not a lender, and does not set terms.
How do I know whether I should borrow or raise equity?+
Look at your leverage, the stability of cash flow, the risk of the plan and your willingness to share control. Stable earnings with a moderate need usually favour debt. Higher-risk growth or a need for a partner's involvement favours equity.
What if my business is under stress and I am not ready for new funding?+
Then new funding may not be the first step. A review of your credit health, an honest look at the stressed facility and, where needed, a restructuring discussion may serve you better. Lalsar's Apex Solutions side handles those situations.
Can Lalsar help me compare offers I already have?+
Yes, in an advisory capacity. Comparing offers means looking at full cost, security, covenants, flexibility and the relationship, not only the rate. The decision to accept is yours, and the terms remain the lender's.
From the library
Read more before you get in touch
Questions