The Missing Layer: How Credit Guarantee on TReDS Opens Up MSE-to-MSE Trade
For most of its life, TReDS has worked best at the top of the supply chain. A micro or small...
5 Industries With Low TReDS Penetration, and the Working Capital They’re Leaving on the Table
TReDS has grown fast on paper. Invoice discounting on the platform rose from around ₹40,000 crore in FY22 to about...
Auto Ancillary Working Capital in 2026: Six Cash Flow Traps, and What the New TReDS Rules Actually Change
India's auto component industry doubled in five years. Its cash conversion cycle did not get any shorter. Here is what...
RBI’s New TReDS Master Direction: The Case for TReDS Just Got Stronger
On June 23, 2026, the RBI issued a Master Direction on TReDS, consolidating over a decade of guidelines into a...
7 Reasons Large Indian Manufacturers Are Still Not Onboarding Their Vendors onto TReDS – And What It’s Costing Them
India's TReDS ecosystem crossed ₹2 lakh crore in cumulative bill financing in 2024. That is not a small number. And...
India’s Semiconductor Push Has a Working Capital Problem
India is making a serious push into semiconductors. The Union Budget 2026 launched Semiconductor Mission 2.0, with focus on equipment,...
