Bibby Financial Services Makes Their Move on India

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International business finance provider Bibby Financial Services has launched a new business in India as part of its expanding global network.

    Based in New Delhi, Bibby Financial Services India will offer Indian business owners and managers funding against their accounts receivables, helping them to maintain a healthy cash flow across the business and finance growth plans. It also offers American business owners who export or import from India the ability to work with their local Bibby Financial Services office to get working capital finance from those receivables. Bibby Financial Services has businesses in Arizona, California, Florida, Illinois, Tennessee and Texas.

As the tenth largest and second fastest growing major economy in the world, India represents a major new centre for the Bibby Financial Services Group, which, through a proactive growth strategy, now has offices in ten countries including the United States, Canada, Ireland, France, Poland, the Czech Republic, Slovakia, the United Kingdom and Australia.

Chief executive David Robertson of the Bibby Financial Services Group comments, "It's a brave move and one which I am incredibly proud to announce. Establishing ourselves in India represents an exciting opportunity and is no doubt an important milestone for the Group. We have set ourselves a challenging growth objective and in order to achieve this we are continually looking for opportunities to move the business forward. We believe that India represents an important territory in the sphere of global trading and as such one that we need to be in. Its growing economy and underdeveloped factoring market is exactly the type of market we want to be in."

Bibby Financial Services India will be headed up by managing director Vikas Nanda, who has more than 30 years experience in the Indian commercial finance market, most recently with Foremost Factors.

Vikas Nanda states, "As part of a 200-year-old, family-run business which has helped small businesses around the globe to grow, I believe we have a unique insight into the issues facing owners and managers and can make a real difference for small businesses in India. With such a wave of entrepreneurial spirit across the country, we are sure the Indian market is now ready to capitalize on the real benefits that this funding solution can deliver."

To find out more about Bibby Financial Service's range of flexible finance solutions please contact Tel: 877-88-BIBBY or visit http://www.bibbyusa.com

Notes to Editors

Bibby Financial Services is wholly owned by the Bibby Line Group, a business-to-business services group with interests in ship owning and operation, shallow water accommodation, oil field services, contract logistics and business finance.

Bibby Financial Services specializes in the provision of finance to small and medium sized enterprises across a wide range of industry sectors. Operating via a global network of 26 autonomous operating companies in the United States, Canada, United Kingdom, France, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $6 billion dollars of receivables and had more than 6,500 clients worldwide.

For more information on Bibby Financial Services, visit http://www.bibbyusa.com

For more information on The Bibby Line Group of Companies, visit http://www.bibbygroup.co.uk. http://www.bibbytf.com http://www.bibbyfinancialservices.com.

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Jennie Wills
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