11th December, 2023
It’s official!
In a strategic move that reshapes the microfinance sector in India, our company Chaitanya India Fin Credit Pvt. Ltd., recognized among the fastest-growing MFIs in India, has joined forces with Svatantra Microfin, founded by Ms. Ananya Birla. Svatantra Microfin Pvt. Ltd. successfully acquired Chaitanya India Fin Credit Pvt. Ltd. on 23rd November, 2023.
Together, we have now solidified our position as the second-largest player among microfinance institutions (MFIs) in the non-banking finance company (NBFC) domain. Our combined strength boasts of an asset under management (AUM) of 130 billion rupees ($1.6 billion).
Beyond the realm of business, this union represents a shared vision to create a financially inclusive world for low-income families. Our mission is rooted in empowering and nurturing rural women entrepreneurs by promoting entrepreneurship and financial inclusion. Our commitment is also to ensure a dynamic environment with abundant growth opportunities for our employees.
As both Svatantra Microfin and Chaitanya India Fin Credit embark on this transformative journey, the broader goal is clear — to build an army of empowered women entrepreneurs, uplift communities, and contribute to the creation of a financially inclusive rural India that leaves no one behind.
We look forward to actively contributing to building a brighter and more equitable future.
