In a bid to fund its growth plans, DMI Finance, backed by the Burman family of Dabur India, is planning to mop up Rs 750 crore of capital over the next six to 12 months. At present, the company’s capital base stood at Rs 500 and its near-term objective is to expand it to Rs 1,000 crore, which will be achieved through the new infusion.
In January this year, the Burman family, promoters of consumer goods company Dabur India, acquired a minority stake in DMI Finance, a non-banking finance company (NBFC).
Established in 2009, DMI Finance was founded by Yuvraj C. Singh and Shivashish Chatterjee, both former senior executives of Citigroup, with the aim of participating in the growth of the debt market in India.
