Vaibhav Verma | Independent Debt Advisory

Is your capital stack leaking margin?

Mid-market manufacturers are currently bleeding 100-200 bps on outdated working capital limits and legacy covenants.

Download the proprietary intelligence brief:

The 2026 Mid-Market Credit Risk Report: Hidden Covenant Traps in Private Sector Term Sheets.

Insights derived from 14 years of institutional credit structuring across HDFC, ICICI, and Axis Bank.