Founded in 2013
Initial investment in 2018
Board member: Jyotsna Krishnan
'Origa provides equipment leasing solutions to SMEs through its tech-based platform, enabling SMEs to procure and maintain quality equipment, thereby freeing up capital, improving their productivity and expanding operations'
Origa is the first leasing company in India focused on SMEs, providing an end to end solution for the entire life cycle of an equipment through a tech-enabled platform. Origa’s vertical-led leasing product strategy is driven by the presence of a robust recycled equipment market which provides complete visibility into the asset life cycle and ownership of the equipment. This differentiated product proposition provides an attractive alternative pool for growth capital to SMEs that are poorly served by traditional lenders.
Capital intensive SMEs, primarily in the healthcare and manufacturing segments that lack balance-sheet strength to borrow from traditional institutions and also lack the sophistication/expertise needed to procure and maintain quality equipment. Consequently, this limits the ability of SMEs to improve productivity or expand operations.
Leasing accounts for less than 1% of MSME financing in India
Shrirang Tambe, Founder and CEO, brings in over 15 years of experience in financial services having worked closely with SMEs in addressing their capital needs. Prior to founding Origa, he set up a boutique investment bank where he was focused on helping SMEs raise equity. He also worked with investment banks like Clearwater Capital and Infogenia Advisors. In the short span since Origa was founded, Shrirang has established strong brand presence in the leasing industry. He has built deep domain expertise within specific verticals - and built capabilities to underwrite the entire asset life cycle of select brands and equipments that have a robust maintenance ecosystem and refurbished / resale market.