Private equity major Norwest spearheads a Rs 1,465 crore investment in Hyderabad-based NBFC IKF Finance, aiming to expand financial access for underserved sectors through technology and strategic growth initiatives.
Jio Credit, the non-banking financial subsidiary of Reliance’s financial arm, has successfully raised Rs. 1,000 crore through its inaugural bond issue. The offering, initially sized at Rs. 500 crore, was expanded via a greenshoe option following overwhelming investor demand, leading to an oversubscription of three times. The bonds, carrying a tenor of nearly three years and a coupon rate of 7.19%, were priced below many comparable issuances in the NBFC sector.
Aditya Birla Capital, a leading non-deposit-taking non-banking financial company (NBFC), has announced a strong financial performance for the fourth quarter of FY25, with a consolidated profit of Rs 865 crore. This represents a 6% year-on-year growth, excluding one-time gains from the previous fiscal. The company also reported a growth in total income, alongside strategic moves, including a significant increase in its lending portfolio and a boost in assets under management (AUM).
Aditya Birla Capital, one of India’s prominent non-banking financial companies (NBFCs), saw a notable 30% decline in its consolidated net profit for the quarter ending March 31, 2025. Despite this dip, the company’s total income rose by nearly 13% year-on-year. Additionally, Aditya Birla Capital announced plans to raise significant funds through the issuance of non-convertible debentures (NCDs). In positive developments, the company’s overall lending portfolio and assets under management (AUM) saw strong year-on-year growth, signaling resilience in its business operations.
Shriram Finance Ltd (SFL), a leading player in India’s non-banking financial sector, received a credit ratings upgrade from Fitch Ratings, reflecting a steady enhancement in its operational resilience and financial performance. The global credit agency upgraded SFL’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) from ‘BB’ to ‘BB+’, citing improvements in funding diversity, asset quality, profitability, and risk management.
Mahindra & Mahindra Financial Services Ltd. (MMFSL), a prominent non-banking financial company (NBFC) in India, has secured board approval for a capital raise of up to Rs. 3,000 crore through a rights issue, aiming to fortify its balance sheet and enhance long-term growth capacity. The announcement, made via regulatory filing, follows a prior resolution passed in February and reflects the company’s intent to leverage the simplified rights issue process. On the day of the announcement, MMFSL stock edged up by 0.34%, closing at Rs.
Bajaj Finance, a leading non-banking financial company (NBFC), saw its stock fall by more than 5% on Wednesday despite posting a 16% increase in standalone net profit for the March 2025 quarter. The company's market valuation dropped significantly by Rs 28,186.83 crore, a notable contrast to its growth in net income and total income. Despite a robust performance in terms of revenue and profit, the stock's decline underscores the challenges investors face when navigating market sentiment versus financial results.
Navyug Global Ventures, led by renowned investor Nikhil Chandan, has invested Rs 160 million (Rs 16 crore) in Shrinithi Capital Pvt Ltd, a non-banking financial company based in India. The investment will support Shrinithi Capital’s efforts to expand financial access, particularly in underserved regions, while also driving initiatives in electric vehicle (EV) financing. Additionally, Navyug Global Ventures has committed another Rs 100 million (Rs 10 crore) for FY 2025–26.
