Iswarya and Mohan Babu
With Kinara’s help, Iswarya and Mohan Babu were able to transform their small auto parts manufacturing business into a successful company that employs 50 people.
As challenging as taking the plunge and starting a business can be, keeping it running can be even more arduous. This is especially true for small businesses, which might face cash flow issues and orders drying up soon after starting out. This is what Iswarya and Mohan Babu faced after they started Mukund Automats, an auto components manufacturing business, in 2014. They started out with just 3 machines and 4 employees. When they encountered difficulties in running the business, they approached many lenders for a loan, but returned empty handed. He shared, “During this time, nobody wanted to support us, but Kinara Capital became our biggest supporter. Once we got the first loan, we grew and grew. Our workforce also grew, we now employ 50 people!”
When the business experienced a sudden growth spurt, they turned to Kinara again to make the most of it. “We were so happy with the growth but we also needed more money to run the business. Kinara Capital was willing to provide us with a second loan to help us even though we had the first running loan. They trusted us. The most important factor in our growth and our success is Kinara Capital,” he added.