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HomeRecent ArticlesAdvent International and Multiples to Invest $230M in Svatantra Microfin

Advent International and Multiples to Invest $230M in Svatantra Microfin

Founded and chaired by Ms. Ananya Birla, Svatantra Microfin Pvt. Ltd. has entered into a definitive agreement with Advent International, one of the world’s largest and most experienced private equity investors, and Multiples Private Equity, India’s leading private equity investor, for an investment of $230M. This deal marks the largest investment by private equity investors in the microfinance sector in India.

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The investment follows Svatantra Microfin’s recent acquisition of Chaitanya India Fin Credit Limited. Upon completion of the proposed transaction and merger with Chaitanya, the combined entity will be amongst the largest non-banking microfinance companies in India. The current promoter group led by Ms. Ananya Birla will continue to have a significant majority stake.

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Ananya Birla, Chairperson, Svatantra, said, “This investment by Advent and Multiples marks a momentous occasion for us. My team and I are grateful to have investors on board who share our vision. This transformative era for Svatantra, propels us towards our goal of becoming the foremost and most impactful microfinance institution, creating a conducive environment for entrepreneurs who fuel India’s growth story.”

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 417 private equity investments across more than 40 countries and regions, and as of December 31, 2023, had $88 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 297 private equity investment professionals across North America, Europe, Latin America, and Asia.

About Svatantra Microfin

Svatantra Microfin was incorporated in 2012 by Ms. Ananya Birla. It started its operations in March 2013. In a short span Svatantra has emerged as the most differentiated process and technology-driven microfinance entity, which offers microcredit at affordable rates in the country. Svatantra has been a first mover and shaper of the industry by being the first MFI with 100% cashless disbursements since inception, and also the first to roll out an extensive customer facing app that is conducive to client social behaviours.

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