About Jumbo Finvest (India) Limited
Jumbo Finvest (India) Limited (JFIL) was founded by Ajay Kumar Singh and his family members in 1998 for carrying on a tractor dealership in the name of Ajay Tractors Private Limited.
In 2003, its tractor dealership business was discontinued, and the company was registered as a non-deposit taking NBFC with Reserve Bank of India. JFIL is engaged in secured lending (commercial vehicle, two-wheeler loans, loans against property, home loan and security, etc.). The tenure of which ranges from one to three years.
At present, the company operates through its 195 branches in 59 districts in five states-Rajasthan, Madhya Pradesh, Uttar Pradesh, Delhi and Maharashtra and had a portfolio of Rs. 767.93 Crores as on March 2019.
JFIL enjoys investment grade “BBB+” rating for its credit facilities from CARE rating agencies and “A-” rating for its credit facilities from Acuite Ratings.
They are the second-largest Non-Deposit Taking Non-Banking Finance Company (NBFC) in Rajasthan. They have been providing financial services to the customers with diversified products. They are continuously working to enhance the experience of their customers with simple operations, minimal documentation, and flexible repayment options.
The Challenges
Previously, Jumbo Finvest didn’t have much understanding of their business’ possibilities by going digital. They also had security concerns when they thought about embracing a cloud-based technology for their business.
Overall, they needed some scalable solution that could help them react faster to unplanned events and provide them a sense of mental peace in knowing that whatever events happen in their organization, they should have a pool of resources available to deal with them.

“As a financial services provider, we generate a massive amount of data every day due to multiple transactions, loans, insurance documents, and payments. It is crucial for us to provide effective and quick solutions to our clients.
And, the problems that essentially arose were out of the slow processes we had in place – due to lack of resources, operating procedure, and infrastructure.”

Siddharth Ajay Singh

The Benefits
“The association with ZNetLive has been very helpful for our IT Team. For example, increased efficiency in the overall process, minimal data security risk, and great savings on investment in infrastructure and technology,” said Siddharth Ajay Singh
AWS from ZNetLive has enabled Jumbo Finvest to:
Reduce the IT infrastructure cost against physical server and internet bandwidth consumption like lease line or broadband.
Manage and change server configuration easily as per application or user requirements.
Improve the entire management process – which was manual before.
“It has helped us to manage a large number of data sets without costing much money – therefore, better management of the lending process and less paperwork. Our documents are now stored in a secured centralized system. That’s transformative!” said Siddharth Ajay Singh.