A SUMMER INTERNSHIP PROJECT REPORT

On
“UNSECURED FUNDING”

At
‘[ORIENT FINSERV (ANDROMEDA)]’
Submitted to:
SILVER OAK INSTITUTE OF MANAGEMENT
In partial fulfillment of the Requirement of the award for the degree of Master
of Business Administration (MBA) Offered By
SILVER OAK UNIVERSITY
Under the Guidance of
Pro. Khushboo Sharma
(Facluty)

Submitted by:
KOMAL VASANI
RUTUL PANCHAL
(Enrollment Number)
2207070000050
2207070000214

MBA (Semester III)

Aug-2023

Date:__/__/___

COMPANY/ORGANIZATION CERTIFICATE
 (On Company’s Letterhead)

To whomsoever it may concern

This is to certify that Miss KOMAL VASANI , student of MBA program at Silver
Oak University, Ahmedabad has successfully completed Summer Internship
Project titled “13th June 2023 to 30th Aug. 2023” at (ORIENT FINSERV
(ANDROMEDA) lip:-S G HIGHWAY) during (From 12:00 am To 6:30 pm)

This is to certify that MR. RUTUL PANCHAL KIRITBHAI , student of MBA

program at Silver Oak University, Ahmedabad has successfully completed
Summer Internship Project titled “13th June 2023 to 30th Aug. 2023” at
(ORIENT FINSERV
(ANDROMEDA) lip:-S G HIGHWAY) during (From 12:00 am To 6:30 pm)

Date:__/__/___
 INSTITUTE CERTIFICATE

This is to Certify that this Summer Internship Project Report Titled

“……………………………………………………………………………………………………………………
….” is the bonafide work of (Student Name – Enrollment No), who has carried
out his / her project under my supervision. I also certify further, that to the
best of my knowledge the work reported herein does not form part of any
other project report or dissertation on the basis of which a degree or award
was presented on an earlier occasion.

Signature of the Faculty Guide/s

(Name and Designation of Guide/s)

Signature of Principal/Director with Stamp of Institute

(Name of Principal / Director)
 Student’s Declaration

I do hereby declare that the Summer Internship Project titled, “UNSECURED

FUNDING” IN “ORIENT FINSERV(ANDROMEDA)” is a bonafide record of work
done by me under the guidance of (NAME FACLTY). I further declare that the
study has not previously formed the basis for the award of any study, research
or the similar title or recognition.

Enrollment No Name Signature

2207070000050 KOMAL VASANI
2207070000214 RUTUL PANCHAL

Place: Ahmedabad
Date:
 Preface

Acknowledgement

The project would not have been a success without the guidance and
motivation of all my mentors. I am thankful to all the persons behind this
project. I would like to express my gratefulness to my faculty advisor Pro.
Khushboo Sharma
who acted as mentor throughout my project for providing me valuable
information and guidance.
Secondly, I would like to thank the manager Mr. Dinesh Kumar (branch head)
Of this company orient Finserv (andromeda) who have been very helpful in
getting the required information related to the project.
I feel immense pleasure to express a deep sense of gratitude to my H.O.D
(MBA). And a Special thanks to my Faculty Guide Pro. Khushboo Sharma
for her constant support and guidance. Her valuable suggestions helped me to
complete my Project Successfully. I am thankful to all of my friends and Senior
batch mates for their help in completing this project work, Finally, I am
thankful to my entire family members for their great support and
encouragement.
 Table of Content

Chapter Title Page

No.
1 Industry Introduction
1.1 Establishment of industry at world
1.2 Establishment of industry at India
1.3 Establishment of industry at Gujarat
1.4 GDP contribution of company/firm
1.5 PESTEL Analysis
2 Company Introduction
2.1 Establishment and brief History
2.2 Key Stake Holders
2.3 Major products/services
2.4 SWOT Analysis
3 Introduction of project
4 Literature Review
5 objective
6 Rationale of study
7 Research Methodology
8 Data Analysis & Interpretation
9 Findings
10 Suggestions
11 Limitations
12 Conclusions
13 Bibliography
14 List of tables/list of Figures
 15 Annexure

Chapter:1

Introduction:
Establishment of industry at world

Establishment of industry at India

Establishment of industry at Gujarat

GDP contribution of the e-commerce sector

PESTEL analysis:

Political Factors:

Economic Factors:

Social Factors:

Technological Factors:

Environmental Factors:

Legal Factors:
 Chapter-2

COMPANY INTRODUCTION:
Background

Andromeda, under the inspired leadership of Mr. V. Swaminathan, was launched in the year

1991 as a Direct Sales Associate for Citibank. Today, it is India’s largest loan distribution

network with a rich legacy that sprawls across 100+ cities, 1000+ branches, 3000+

employees, and an excellent distribution network of over 25,000 partners.

Our vision

By integrating its unmitigated market expertise with the latest trends and developments in

digital technology, Andromeda helps partners find the best financial products most suited to

their customers’ needs. Every year, over Rs. 50,000 crore loans are disbursed by Andromeda’s

25,000+ partners.

Moments to Remember

1991
Started Operation. Largely Mumbai Focused.

2007
Made a Move to a Multi-Bank Platform

2010
Expanded our operations outside of Mumbai as well

2015
Became India’s Largest Loan Distributor

2020
Leveraged the power of technology, digital and analytics to consolidate our leadership
position as India’s largest loan distributor.
ESTABILISHMENT AND HISTORY:

COMPANY INFORMATION

LLP Name

JOYOGLOBE TECHNOLOGIES LLP

LLPIN

ACB-5392

Founded

2023-06-08

State

Gujarat

District

N/A

Class

LLP

Non-government
Non-govt company

Number of Designated Partners

Key Stake Holders

Major products/services

Bank/ Lending
Products Website
NBFC Institution Name
 Personal Loan, Business Loan, Small
https://
Aditya Birla Ticket Secured loans, Small Ticket
NBFC personalfinance.adityabi
Finance Limited Unsecured Loans, Loan Against
rlacapital.com/
Property, Term Loan
Axis Finance Home Loan, Loan Against Property, https://
Bank
Limited Personal Loan, Business Loan www.axisfinance.in/
Personal Loan, Business Loan,
Bajaj Finance https://
NBFC Overdraft Loan, Loan Against
Limited www.bajajfinserv.in/
Securities
https://
Bajaj Housing
NBFC Home Loan, Loan Against Property www.bajajhousingfinanc
Finance Limited
e.in/
Bandhan Bank Home Loan, Loan Against Property, https://
Bank
Limited Personal Loan bandhanbank.com/
https://
Bank Bank of Baroda Home Loan, Loan Against Property
www.bankofbaroda.in/
https://
Central Bank of
Bank Home Loan, Loan Against Property www.centralbankofindia.
India
co.in/en
Cholamandalam
https://
Investment and Home Loan, Loan Against Property,
NBFC www.cholamandalam.co
Finance Company Personal Loan, Business Loan
m/
Limited
Clix Capital
Business Loan, Home Loan, Loan
NBFC Services Private https://www.clix.capital/
Against Property
Limited
Clix Finance India
NBFC Business Loan https://www.clix.capital/
Private Limited
Clix Housing
NBFC Home Loan, Loan Against Property https://www.clix.capital/
Finance Ltd
Working Capital, Cash Credit, Home https://www.dbs.com/
Bank DBS Bank India Ltd
Loan, Loan Against Property in/index/default.page
Finnable
NBFC Technologies Personal Loan
Private Limited
Fullerton India
Loan Against Property, Personal Loan,
NBFC Credit Company
Business Loan, Digital Personal Loan
Ltd
Fulletron India
NBFC Home Finance Home Loan, Loan Against Property
Company Ltd
Godrej Finance
NBFC Home Loan, Loan Against Property
Limited
Bank HDFC Bank Limited Personal Loan, Business Loan, Secured https://
Loan, Credit Cards, Home Loan, Loan www.hdfcbank.com/
 Against Property,Gold Loan, Auto loan
and used car loan, Credit Cards,
Construction Equipment Finance
HDFC Credila https://
NBFC Financial Services Education Loan www.hdfccredila.com/
Limited index.html
Home Loan, Loan Against Property, E-
Bank HDFC Limited referral – Home Loan, Loan Against https://www.hdfc.com/
Property
Loan Against Property, Personal Loan,
Hero Fincorp https://
NBFC Business Loan, Unsecured Business
Limited www.herofincorp.com/
Loan
https://
Hero Housing Home Loan, Loan Against Property,
NBFC www.herohousingfinanc
Finance Limited Micro Loan Against Property
e.com/
Personal Loan, Business Loan, Home
https://
Bank ICICI Bank Limited Loan, Loan Against Property, Working
www.icicibank.com/
Capital/Overdraft, Education Loan
ICICI HomeFinance https://
Bank Home Loan, Loan Against Property
Limited www.icicihfc.com/
Education Loan, Business Loan, Loan
https://
Bank IDFC First Bank Ltd Against Property, Home Loan /Used
www.idfcfirstbank.com/
Car loan
Indifi Technologies
NBFC Private Business Loan https://www.indifi.com/
Limited
Agri Loan, Overdraft, Term Loan, Car
https://
Kotak Mahindra Loan, Home Loan, Loan Against
Bank www.kotak.com/en/
Bank Ltd Property, Business Loan, Personal
home.html
Loan, SME Working Capital
https://
Kotak Mahindra
Bank Loan Against Property, Used Car www.primeloans.kotak.c
Prime Limited
om/
L & T Finance SME Business Loan, Home Loan, Loan
NBFC https://www.ltfs.com/
Limited Against Property
SWOT Analysis

Strength:-

Weaknesses:-

Opportunities:-

Threats:-

Chapter :3

Introduction of project:-
The life or death of any business enterprise depends upon the availability of cash. A Business firm /
enterprise incurring losses still survive because of sufficiency of cash. Similarly, lack of cash can give
rise to failure in the face of actual or prospective earnings.

Efficient cash planning through a relevant and timely cash budget may enable a firm to obtain
optimum working capital and ease the strains of a cash shortage, facilitating temporary investment
of cash and proving funds for funds for normal growth.

Many company/ factories are interested in increasing their profits. However, very few companies
worry about managing their working capital. Many companies fail due to bad management of
working capital. They may be profitable, but they are not able to pay their bill.

Working capital management involves the relationship between a company’s shortterm assets and
its short-term liabilities. The goal of working capital management is toensure
thatacompanyisabletocontinueitsoperationandthatithassufficientabilitytosatisfyboth maturing short-
term debt and upcoming operational expenses. The management of working capital involves
managing inventories, accounts receivable and payable and cash management.

Working capital refers to the amount of capital that is readily available to an organization.
Organization needs both-terms and short-term fund, Funds are needed for longterm purposes of
fixed assets, such as plant and machinery, land building, furniture. Funds are also required for short-
term purpose like purchases of raw materials, payment of wages and other day-to-day expenses.
The objective of working capital management is to maintain the optimum balance of each of working
capital components.

Working capital Managements takes place at two levels:

1. Ratio Analysis can be used to monitor overall trends in working capital and to identify areas
requiring management.

2. The individual components of working capital can effectively managed by using various techniques
and strategies.
 When considering these techniques and strategies, company needs to recognize that each
department has a unique mix of working capital components. The emphasis that needs to be placed
on each component varies according to the department.

Working capital management keeps your cash flowing as quickly as possible. If cash flow is
considered as the lifeblood of a business then working capital management becomes the heart-this
is what pumps cash around a successful business, perfectly as quickly as possible! Pricing and costing
can be considered as the lungs because they are the system that takes in revenue, expels costs and
makes sure you have plenty of oxygen to keep the business alive. A healthy body needs healthy
lungs and in the same way to build or maintain a healthy business you need to:

➢ Set prices and control costs for your healthy lungs.

➢ Manage working capital for your healthy heart.

Liquidity and profitability are two more important and major aspects of corporate business life.
No firms can survive, if it has no liquidity. A firm may exist without making profits but cannot survive
without liquidity may soon meet with its downfall and ultimately die. Working capital management
is thus a basic and broad measure of judging the performance of a business.

Further more working capital management is not an end in itself. It is an integral part of a
company’s overall management. The needs of efficient working capital management must be
considered in relation to other aspects of the company’s financial and non-financial performance.

Thus, an attempt has been made to study the management of working capital of “Joyo globe
technologies llp”.
 Chapter:-4

Litreture Review :-
An Excursive “Working Capital Management”

Introduction:- Working capital management is a crucial aspect of financial management for

businesses, as it involves managing the company's short-term assets and liabilities to ensure smooth
operations and financial stability. The literature on working capital management encompasses
various studies that explore its impact on firm performance, profitability, liquidity, and value
creation. Here is a brief literature review summarizing key findings and insights in this field the
literature on working capital management provides valuable insights into its importance,
components, financing strategies, and their impact on firm performance. It emphasizes the need for
businesses to adopt effective working capital management practices tailored to their specific
industry and operational requirements. However, due to the dynamic nature of business
environments, further research is necessary to explore emerging trends and investigate the evolving
relationship between working capital management and firm performance.

1 .Anand, M., & Singh, D. (2019).

Anand M & Singh regarding working capital management, I can provide you with a comprehensive
overview of working capital management concepts, strategies, and best practices.

Importance of Working Capital Management:

Effective working capital management is vital for several reasons:
A. Liquidity: Adequate working capital ensures that a company can pay its short-term obligations and
meet day-to-day operational needs.
B. Operational Efficiency: Proper management of working capital helps streamline operations,
minimize interruptions, and improve overall efficiency.
C. Profitability: By optimizing the levels of current assets and liabilities, a company can enhance
profitability by reducing financing costs and increasing cash flow.
D. Growth Opportunities: Efficient working capital management provides a solid foundation for
pursuing growth opportunities and managing unforeseen circumstances.
2. Bhattacharya, H., & De, S. (2018).

"Bhattacharya H & De, S working capital management review" in my training data up to September
2021. It's possible that the paper you're referring to was published after my knowledge cut-off or is
not widely known.

Bhattacharya H, & De, S. as a renowned researcher in the field of finance, has made
significant contributions to the understanding and analysis of working capital management. His
research focuses on various aspects such as cash management, inventory management, accounts
receivable management, and accounts payable management.
Bhattacharya H'& De, S. research contributions and the broader literature on working capital
management provide valuable insights into the effective management of short-term assets and
liabilities. Understanding the key findings, methodologies, and theoretical frameworks discussed

3.Deloof, M. (2003).

Deloof's study likely aimed to examine how companies' management of short-term assets and
liabilities impacts their financial performance, profitability, liquidity, and risk. Such reviews provide
valuable insights for practitioners and researchers seeking to understand the best practices and
strategies for optimizing working capital management.

Deloof's working capital management review focuses on analyzing various aspects of working capital
management and its impact on firm performance.

4.Filbeck, G., & Krueger, T. (2005).

"Filbeck and Krueger working capital management." It's possible that the review you're referring to
is not widely known or hasn't been published in a prominent academic or professional journal.
Working capital management refers to the management of a company's short-term assets
and liabilities to ensure its operational efficiency and financial health.
The management of working capital involves various components, including cash, accounts
receivable, inventory, and accounts payable. The objective is to strike a balance between these
elements to maintain adequate liquidity, optimize profitability, and minimize risks.
Working capital management is a complex and dynamic area that varies across industries
and companies. It requires continuous monitoring, analysis, and adjustment to respond to changing
market conditions and business needs.

5. Raheman, A., & Nasr, M. (2007)

"Raheman & Nasr working capital management." It's possible that the review you're referring to is
not widely known or is a more recent publication that occurred after my knowledge cut-off in
September 2021.
The goal is to maintain an optimal balance between the company's current assets (such as
cash, inventory, and accounts receivable) and its current liabilities (such as accounts payable and
short-term debt).
 Effective working capital management is crucial for the financial health and stability of a
business. It involves various strategies and techniques to optimize cash flow, minimize costs, and
reduce risks.
Raheman and Nasr review, there have been various studies and research articles on working
capital management by different authors and researchers. These studies often focus on different
industries, countries, or specific aspects of working capital management.

6. Eljelly, A. M. (2004).

Eljelly A M's research and other relevant studies in the findings may include the impact of working
capital management on firm profitability, the relationship between different components of working
capital, the role of financial constraints, and the influence of industry characteristics on working
capital policies.
Introduction section provides an overview of working capital management, emphasizing its
significance for organizations in terms of liquidity, profitability, and risk. It discusses the key
components of working capital, including cash, accounts receivable, accounts payable, and
inventory, and their management implications.
It emphasizes the need for further research to address the remaining gaps and challenges in
the field. The conclusion also highlights the practical significance of effective working capital
management in enhancing firm performance and competitiveness.
Encompassing theoretical perspectives, empirical evidence, determinants of policies, and the
impact on firm performance. It serves as a valuable resource for researchers, practitioners, and
financial managers seeking to enhance their understanding and implementation of working capital
management strategies.

7. Khan, A., Mistry, H., & Rani, P. (2020).

Khan Mistry & Rani P working capital management" as of your current date in July 2023.

Khan, Mistry, or Rani P on this topic, I recommend conducting your literature review using
the steps outlined above to get a comprehensive understanding of working capital management.
Determine the specific aspects of working capital management you want to explore, e.g., its
importance, methods, impact on firm performance, etc.
Use academic databases like Google Scholar, PubMed, Scopus, or EconLit to search for
relevant peer-reviewed articles and studies. Keywords might include "working capital management,"
"liquidity management," "cash flow management," "inventory management," etc. Also, look for the
works of Khan, Mistry, and Rani P on this topic.

8. Gill, A., & Rana, M. (2013).

"Gill A & Rana M literature review in working capital management" as it might be a publication that
occurred after my last update.
Introduction: Provide an overview of the importance of working capital management and its
relevance to businesses. Explain the purpose of the literature review and the research question or
objectives.
Methodology: Describe the search strategy used to gather relevant literature. This might
involve databases, keywords, inclusion/exclusion criteria, and the time frame of the studies
considered.
 Theoretical Framework: Present the theoretical concepts and models relevant to working
capital management. Discuss various theories that explain how firms manage their working capital
and the factors influencing their decisions.
 Chapter :- 5

Objective: