Partners with Redhatwheels to offer Early-Wage-Access program to its employees

Emerald Finance Ltd has partnered with Redhatwheels Private Limited, Kolkata, to offer its Early-Wage-Access program to the Company's employees.

Wed 7 Oct 2026

Partner

Redhatwheels Private Limited, Kolkata

Program Offered

Early-Wage-Access program offered to the Company's employees

Repayment Mechanism

short-term salary advance is recovered through salary deduction

What was announced

• The company has partnered with Redhatwheels Private Limited, Kolkata, to offer its Early-Wage-Access program to the employees of the Company.
• The stated aim is to give employees instant financial relief by allowing them to access part of their salaries seamlessly throughout the month.

The product behind the announcement

The company says it had been working on a salary advance solution, in line with its vision to expand its offerings and to serve retail customers at large.

• The product involves tying up with employers to offer short-term loans as salary advance.
• The amount lent is collected through salary deduction.

How to read this

• This is a business update shared under Regulation 30 of the LODR Regulations, 2015, informing the exchange that the company has entered this partnership.
• It describes the nature of the arrangement and how the advance is meant to work: an employer tie-up, a short-term loan paid out as salary advance, and repayment by salary deduction.
• For a retail reader, the notable point is where the lending sits. Instead of lending only to borrowers who walk in, the company is building a use-case that runs through an employer's payroll, which is the employer's own workforce.

What this kind of model usually involves

• The borrower here is a salaried employee, and the money moves against salary that is already due for the month.
• Recovery is linked to the payroll cycle rather than to a separate repayment instruction from the borrower.
• The arrangement depends on the employer continuing to route the deduction, which is why the company describes it as tying up with employers.

The disclosure itself states that this is for the exchange's information and records. It is signed by Amarjeet Kaur, Company Secretary cum Compliance Officer.

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