Advent International and Multiples Invest $230 Million in Svatantra Microfin
March 9, 2024, 11:04 am
Svatantra Microfin
Location: India, Maharashtra, Mumbai
Employees: 5001-10000
Founded date: 2012
Total raised: $230M
Private equity giants Advent International and Multiples have injected a whopping $230 million into Svatantra Microfin, marking a significant milestone in India's microfinance landscape.
Ananya Birla's Svatantra Microfin has struck a game-changing deal with Advent International and Multiples Private Equity, securing a massive investment of $230 million. This move represents the largest-ever investment by private equity players in India's thriving microlending sector.
Following Svatantra's recent acquisition of Chaitanya India Fin Credit, the combined entity is poised to become one of the leading non-banking microfinance institutions in India. Ananya Birla and her promoter group will retain a substantial majority stake in the company post-transaction.
The completion of this transformative deal is subject to regulatory approvals from the Reserve Bank of India and the Competition Commission of India. Once finalized, Svatantra aims to solidify its position as a key player in empowering women entrepreneurs and driving India's economic growth.
With a strong focus on providing financial and non-financial solutions to women entrepreneurs, Svatantra has emerged as a technology-driven microfinance leader since its inception in 2013. The firm's commitment to sustainable growth and profitability has garnered praise from industry experts.
Advent International's managing partner, Shweta Jalan, emphasized the pivotal role of microfinance in promoting financial inclusion for women entrepreneurs in rural areas. The partnership with Svatantra is expected to bolster the company's position as a resilient microfinance institution with a vast reach across multiple states.
Svatantra and its subsidiary, Chaitanya, boast a dedicated team of over 17,000 employees serving more than 4.2 million customers nationwide. This strategic investment is set to propel Svatantra towards its goal of becoming a leading microfinance institution, driving positive change in India's entrepreneurial landscape.
Ananya Birla's Svatantra Microfin has struck a game-changing deal with Advent International and Multiples Private Equity, securing a massive investment of $230 million. This move represents the largest-ever investment by private equity players in India's thriving microlending sector.
Following Svatantra's recent acquisition of Chaitanya India Fin Credit, the combined entity is poised to become one of the leading non-banking microfinance institutions in India. Ananya Birla and her promoter group will retain a substantial majority stake in the company post-transaction.
The completion of this transformative deal is subject to regulatory approvals from the Reserve Bank of India and the Competition Commission of India. Once finalized, Svatantra aims to solidify its position as a key player in empowering women entrepreneurs and driving India's economic growth.
With a strong focus on providing financial and non-financial solutions to women entrepreneurs, Svatantra has emerged as a technology-driven microfinance leader since its inception in 2013. The firm's commitment to sustainable growth and profitability has garnered praise from industry experts.
Advent International's managing partner, Shweta Jalan, emphasized the pivotal role of microfinance in promoting financial inclusion for women entrepreneurs in rural areas. The partnership with Svatantra is expected to bolster the company's position as a resilient microfinance institution with a vast reach across multiple states.
Svatantra and its subsidiary, Chaitanya, boast a dedicated team of over 17,000 employees serving more than 4.2 million customers nationwide. This strategic investment is set to propel Svatantra towards its goal of becoming a leading microfinance institution, driving positive change in India's entrepreneurial landscape.