With track record of over 25 years, SK Finance (Formerly known as Ess kay Fincorp Ltd) is NDSI - Asset Finance NBFC having predominant operations in rural and semi urban areas of north, west and central India. SK Finance is a leading player in vehicle financing and small business loans lending space with AUM close to 3000cr.
Currently SK Finance operates in 7 states with over 350 branches and a family of more than 5000 employees. We believe that we have created a product serving the need of self-employed individuals and small businesses. We cater to both unbanked / under-served customer as well as serve the banking customer by adopting an innovative approach and validating creditworthiness of individuals and small businesses. It is this fundamental premise on which our business was built and we have a mission to bring a social impact. Behind the functioning of the organization, is the belief that each customer is an asset in the growth of our business. The company is backed by marquee private equity fund such as TPG Capital, Norwest Venture Partners, Baring India and Evolvence India.
Currently SK Finance operates in 7 states with over 350 branches and a family of more than 5000 employees. We believe that we have created a product serving the need of self-employed individuals and small businesses. We cater to both unbanked / under-served customer as well as serve the banking customer by adopting an innovative approach and validating creditworthiness of individuals and small businesses. It is this fundamental premise on which our business was built and we have a mission to bring a social impact. Behind the functioning of the organization, is the belief that each customer is an asset in the growth of our business. The company is backed by marquee private equity fund such as TPG Capital, Norwest Venture Partners, Baring India and Evolvence India.
Location: India, Rajasthan, Jaipur
Employees: 5001-10000
Total raised: $160M
Founded date: 1994
Investors 4
| Date | Name | Website |
| - | Beams Fint... | beams.vc |
| - | Norwest Ve... | nvp.com |
| 03.09.2021 | TPG | tpg.com |
| - | Evolvence ... | evolvencei... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 24.01.2024 | IPO | $160M | - |
Mentions in press and media 15
| Date | Title | Description |
| 02.05.2024 | How Norwest, TPG stand to mint money as SK Finance eyes $1 bn valuation in IPO | Pro Rajendra Kumar Setia, MD & CEO, SK Finance Non-banking lender SK Finance, which concluded a pre-IPO funding round worth Rs 1,328 crore ($160 million) from a bunch of new private equity investors such as Motilal Oswal Alternates and ... |
| 27.01.2024 | SK Finance raises Rs 1,328 cr from TPG, Motilal Oswal | ECONOMY & POLICY SK Finance raises Rs 1,328 cr from TPG, Motilal Oswal 27 Jan 2024 CW Team SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, raised Rs1,328 crore from existing investors Norwest Ve... |
| 24.01.2024 | India: IPO-bound SK Finance raises $160m in Motilal Oswal Alternates-backed round | SK Finance Ltd, an Indian NBFC engaged in used and new vehicle financing and secured business loans, said it has raised Rs 1,328 crore ($159.9 million) from existing as well as new investors. |
| 24.01.2024 | SK Finance raises ₹1,328 crore via equity issuance | SK Finance, a non-banking finance corporation (NBFC) focused on vehicle financing and secured business loans, has raised ₹1,328 crore through equity issuance. The existing investors who had made fresh investment include Norwest Venture Part... |
| 14.05.2021 | Jaipur-based Ess Kay Fincorp Raises USD 45 Million From A Clutch of Investors | Jaipur-based Ess Kay Fincorp Ltd., a Non-Banking-Financial-Company (NBFC) has received an investment of INR 337Crore (USD 45Million) from Northwest Venture Partners, Evolvence, and TPG Group. While this is the third round of investment by T... |
| 13.05.2021 | Ess Kay Fincorp raises ₹337 crore in Series E funding | TPG Growth, Norwest Venture Partners and Evolvence are the investors in this round Ess Kay Fincorp Ltd, a non-banking finance company, has raised ₹337 crore in a Series E funding from TPG Growth, Norwest Venture Partners and Evolvence. The ... |
| 26.11.2019 | TPG Growth leads $ 33 million equity investment in Ess Kay Fincorp | Ess Kay Fincorp, a non-banking finance company, has raised $33 million (Rs 235 crore) in equity investment from existing investors TPG Growth, Norwest Venture Partners and Evolvence India. “Since our last equity round, despite tight market ... |
| 31.10.2019 | PE-backed Ess Kay Fincorp to raise $40 mn in debt funding from FMO | Non-banking finance company Ess Kay Fincorp Ltd is set to raise $40 million (Rs 283.21 crore at current exchange rates) in debt funding from FMO, the Netherlands’ development finance company. FMO said in a disclosure that Ess Kay would use ... |
| 01.11.2018 | India: TPG Growth leads $42m financing round in NBFC Ess Kay Fincorp | Premium TPG Growth, a middle market and growth investment fund, on Wednesday announced that it has led a $42-million investment in Jaipur-based non-banking finance company Ess Kay Fincorp Ltd, according to media reports. Continue reading th... |
| 31.10.2018 | TPG Growth leads $42 mn investment round in Ess Kay Fincorp | TPG Growth has led a $42 million (Rs 311 crore) funding round in non-banking finance company Ess Kay Fincorp Ltd. Existing investors Norwest Venture Partners and Evolvence India also took part in the round, TPG said in a press release. TPG ... |
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