India needed
a surety desk.
So we built one.
Rakshati Finserv is a tech-enabled surety bond platform for Indian businesses. Incorporated in 2023. We exist because India is building infrastructure at record pace — and contractors still lock up working capital in bank guarantees when a surety bond would do the same job for a fraction of the cost.
A market that was waiting to happen.
For two decades, Indian contractors posted bank guarantees — locking up working capital that should have funded the next bid. Surety bonds were available in theory. In practice, nobody could place one in under three weeks.
The 21-day wait.
In 2023, the typical Indian surety bond took 21 working days from RFQ to bind. Contractors emailed one insurer at a time; insurers asked for a different file format each. The Indian general-insurance market had ₹2.4 lakh crore in premium — and surety was a footnote.
The IRDAI's 2022 circular permitted surety. The 2023 amendment to the General Financial Rules made it acceptable to government obligees. The product was there. The marketplace wasn't.
What changed in 2022.
The IRDAI's 2022 circular permitted surety. The 2023 amendment to the General Financial Rules made it acceptable to government obligees. The product was there — what was missing was a specialist who could route one standardised file across insurers, instead of a contractor chasing them one at a time.
That's what Rakshati does. We're early — building the panel, the platform, and the book — but the model is simple: one file, every surety insurer, one competitive quote. Contractors pay nothing to use TenderLine; the premium goes directly to the insurer.
Where we
stand.
Where we are, honestly. We're early-stage — building the panel, the platform, and the book.
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2023
Founded
Rakshati Finserv Pvt Ltd incorporated.
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FY26
Building the book
₹89–120 cr in bond enquiries sourced and first files processed across infrastructure sectors.
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2026
TenderLine launched
TenderLine by Rakshati goes live: one standardised surety file for contractors.
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Now
Growing the panel & platform
Expanding relationships with India's general insurers active in surety, and building the platform that routes one file across them.
Six stages.
One file.
For the long version — including a scroll-driven walkthrough — see the home page pipeline. Times shown are target turnaround at each stage.
Seven sectors.
Every state.
We're sector-agnostic but focused across these seven — each has its own underwriting playbook, obligee patterns, and rate band.
Run by an operator.
TenderLine by Rakshati is the surety desk of Rakshati Finserv — early, lean, and run hands-on.
Aditya Jaiswal
Eight years across insurance, credit, and investment — now building India's surety desk, so contractors stop locking working capital in bank guarantees.
More about Rakshati Finserv →Where to reach us.
Based in Gurugram, Haryana. Talk to the desk directly — WhatsApp, phone, or email.
1st Floor, Unitech Trade Centre,
Sushant Lok Phase, Sector 43,
Gurugram, Haryana 122009
WhatsApp +91 76984 58164
Call +91 76984 58164
support@rakshati.in
Mon–Sat · 10:00–19:00 IST
The desk is open.
Whether you're placing a bond, joining the panel, or partnering with us — we'd like to hear from you. Direct lines below; no marketing pre-screen.