Thursday, November 30, 2023

Latest Posts

Svatantra to acquire Navi Group’s microfinance subsidiary for $178.6m

Indian microfinance company Svatantra Microfin is set to acquire Chaitanya, a subsidiary of Navi Group, for $178.6 million, becoming the second largest microfinance entity in India.


  • Svatantra Microfin to acquire Chaitanya for $178.6 million.
  • Expected completion by year-end, pending regulatory approvals.
  • Svatantra’s acquisition makes it the second-largest microfinance entity in India.
  • Combined assets under management to reach $1.5 billion, serving 3.6 million customers.
  • Chaitanya, acquired by Navi’s CEO Sachin Bansal in 2019, offers digital financial services in rural India.
  • Chaitanya experienced 77% YoY growth under Navi Group.
  • Acquisition aligns with Navi’s focus on digital-first businesses.
  • Svatantra’s acquisition expands financial services reach across diverse geographies.
  • Chaitanya previously unsuccessful in obtaining a banking license from the Reserve Bank of India.

Latest Posts

Don't Miss