In a major move within India’s financial services landscape, global private markets investment firm Partners Group is set to acquire a significant majority stake in Infinity Fincorp Solutions for ₹1,950 crore, marking one of the largest NBFC transactions in the country this year.
The deal, which includes a primary capital infusion of ₹600 crore and a secondary stake acquisition, underscores growing investor interest in India’s non-banking financial company (NBFC) sector—particularly those focused on MSME lending in underserved geographies.
Transaction Details
The investment round saw participation from existing shareholder Jungle Ventures and includes a secondary purchase of shares from Indium IV (Mauritius) Holdings Limited, a fund managed by Global Opportunity Advisors (Mauritius) Limited and advised by True North Managers LLP, along with other minority stakeholders.
Avendus Capital served as the exclusive financial advisor to Infinity Fincorp and Indium IV for the transaction, which is now pending regulatory clearance from the Reserve Bank of India (RBI).
Infinity’s Mission: Empowering India’s MSME Backbone
Founded by Shrikant Ravalkar, who also serves as MD & CEO, Infinity Fincorp Solutions is a rapidly growing NBFC offering secured business loans to micro and small enterprises. With a presence across 120+ branches in 8 Indian states, Infinity serves nearly 50,000 customers—primarily from Tier II and Tier III towns engaged in agriculture, trade, and manufacturing.
The firm currently manages assets under management (AUM) of over ₹1,200 crore, with a strong focus on financial inclusion and tailored credit solutions for the underserved MSME segment.
“We are committed to supporting entrepreneurs across India’s heartland,” said Shrikant Ravalkar. “Partners Group brings operational depth and experience that will help us scale responsibly and broaden our reach.”
Partners Group’s Strategic Entry into Indian NBFC Market
This acquisition signals Partners Group’s entry into India’s high-growth NBFC sector, building on its successful investments in companies like Aavas Financiers.
“MSMEs are the backbone of India’s economy. We see NBFCs like Infinity as well-positioned to serve this segment with localised, relationship-driven lending models,” said Vageesh Gupta, Managing Director at Partners Group.
“Infinity’s employee-first culture and deep understanding of regional markets make it a compelling platform for scale,” added Murali Krishnan Nair, Partner at Partners Group.
Capital Deployment & Growth Plans
The ₹600 crore primary infusion will be used to:
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Expand branch presence across additional cities and towns
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Strengthen Infinity’s technology and digital lending infrastructure
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Enhance customer onboarding and service experience
The company is also expected to invest in advanced data analytics and risk assessment tools to further improve loan quality and portfolio management.
Investor Perspectives
Several key investors and partners voiced their support for the deal:
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Nitin Nayak, board nominee of Indium IV:
“Infinity has demonstrated strong financial discipline and credit quality in a challenging lending space. The team’s insights into MSME credit needs are unmatched.” -
Arpit Beri, Jungle Ventures:
“Infinity is scaling rapidly with operational discipline and product innovation. We’re proud to continue our support.” -
Sagar Agrawal, Managing Partner at Beams Fintech Fund:
“This deal validates Infinity’s differentiated model in the Micro-LAP segment and signals long-term investor confidence.”
NBFC Sector Sees Renewed Investor Confidence
The Infinity transaction highlights the growing appeal of India’s NBFC sector amid a nationwide push for financial inclusion, MSME credit accessibility, and digital transformation. The deal also aligns with government-led efforts to expand credit infrastructure for small businesses in rural and semi-urban India.
With global investors like Partners Group entering the space, the Indian NBFC market is poised for strong growth and innovation, particularly in the secured lending and last-mile credit delivery segments.