About RXIL

India’s first TReDS exchange platform, Receivables Exchange of India Limited (RXIL) is a joint venture promoted by SIDBI – the apex financial institution for the promotion and financing of MSMEs in India, and the NSE – the premier stock exchange in India. Established on December 3, 2016, RXIL facilitates financial growth in the country by providing MSMEs the access to credit. It has endeavoured to revamp the cash flow issue of the MSME sector by streamlining their credit cycle by helping them receive their payments with zero delays. RXIL also empowers small businesses to their growth potential by accelerating liquidation of their receivables. It offers an innovative platform for buyers, sellers, and financiers to collaborate seamlessly.

Know more








The Essence Behind The Business

  • RXIL is the first entity to receive the approval from RBI to launch India's very first TReDS Exchange Platform
  • RXIL has a legacy of empowering MSMEs and bolstering their growth
  • RXIL’s innovative digital platform facilitates corporate buyers with a single seamless interface for their MSME suppliers to access capital at competitive rates in less than 24 hours

Know more


The Milestones We Accomplished So Far

December 2016

  • Received approval from RBI for SIDBI-NSE Joint Venture – RXIL

January 2017

  • Executed India’s first TReDS transaction

March 2020

  • Introduced digital onboarding platform for MSMEs

September 2021

  • Crossed milestone throughput ₹ 1,000 crores monthly

January 2022

  • ₹ 20,000 crores of transaction since inception
  • 10,000 MSMEs onboarded

March 2022

  • 1st TReDS platform to start filing charge with CERSAI
  • Achieved 2X the throughput ₹ 13,400+ crores from ₹ 6,500 crores
  • Crossed monthly milestone ₹ 2000 crores+ throughput

May 2022

  • ‘Best TReDS Platform award’ at the Banking Frontiers Finnoviti Awards 2022

Sep 2022

  • Financial Express FuTech awards -‘Best Use of Digital or Hybrid Event Tech’
  • Gold -‘Product Innovation of the Year’ by Global SME Finance Awards 2022, organized by IFC & SME Finance Forum

January – feb 2023

  • RXIL was invited for G20 Global Partnership for Financial Inclusion (GPFI) under the Finance Track in Kolkata
  • Participated in the First G20 FCBD and second FMCBG Meeting in Bengaluru, to demonstrate the operational aspects of TReDS.

March 2023

  • Crossed monthly milestone of Rs.3,300 + throughput.
  • RXIL TReDS platform Crossed 25,000 + Cr cumulative throughput in a year.


The Principles That Guide Us


To be an integrated provider of financing platform par excellence, benchmarked with global best for supporting the growth and development of MSMEs for their inclusive & sustainable economic and social development.


To be a numero uno provider of trade receivable financing platform and act as a catalyst to achieve the entrepreneurial growth, economic success, and financial stability for/of the MSMEs



We challenge the status quo, we push boundaries, we seek creative ways to solve problems.


We build, support, and encourage collaborations across teams - we believe in the power of working together.


We behave ethically, act openly, and with integrity in all that we do - taking responsibility for all our actions.


We respect and value those we work with and the contribution they make.


We strive to achieve excellence in all that we do.

The financial institutions supporting us

Small Industries Development Bank of India (SIDBI) was established under an Act of Parliament in 1990. SIDBI serves as the Principal Financial Institution for executing the triple agenda of promotion, financing, and development of the Micro, Small and Medium Enterprise (MSME) sector and coordination of the functions of the various Institutions engaged in similar activities.

NSE Investments Limited is a wholly-owned subsidiary of National Stock Exchange of India Limited (NSE). NSE is the leading stock exchange in India and the third-largest in the world by the number of equity trades in 2017. NSE offers comprehensive coverage of the Indian capital markets across asset classes, including equity, fixed income, and derivative securities.

State Bank of India (SBI), incorporated in 1955, is the largest state-owned banking and financial services company in India. Beyond just offering banking services, SBI, through its subsidiaries, provides a range of financial services, which include life insurance, merchant banking, mutual funds, credit card, factoring, security trading, pension fund management, and primary dealership.

ICICI Bank is a leading private sector bank in India and a wholly-owned subsidiary of ICICI Limited, initially promoted in 1994. With a network of 5,275 branches and 15,589 ATMs across India, ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers.

Yes Bank incorporated in 2004 is a full-service commercial bank offering a complete range of products, services, and technology-driven digital offerings, catering to corporate, MSME, and retail customers. Headquartered in Mumbai, the bank has its footprints spread out across all 28 States and 9 Union Territories in India.


The Experts Who Lead Our Financial Exchange

Mr. S. Ramann


Linked In

Mr. Sudatta Mandal


Linked In

Ms. Namita Sekhon

Independent Director

Linked In

Mr. Jose Kattoor

Independent Director

Linked In

Mr. Mukesh Agarwal


Linked In

Mr. Anupam Kumar Verma


Linked In

Mr. Ketan Gaikwad

Managing Director and CEO

Linked In

Mr. A S Paul


Linked In