Advent, Multiples to invest ₹1,930 crore in Ananya Birla's Svatantra

Calling it a “momentous occasion," 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.”

Explaining the investment rationale, Shweta Jalan, Managing Partner, Advent International, said, “Svatantra is uniquely placed to create one of the largest and most resilient microfinance institutions. We look forward to supporting the team at Svatantra, led by Ms. Birla, as they embark on their next phase of sustainable growth and profitability.”

Renuka Ramnath, Founder, MD and CEO, Multiples said, “Its recent acquisition of Chaitanya brings together two exceptional platforms and management teams. In line with Multiples’ ethos of powering new possibilities, we look forward to partnering the Svatantra team in its journey of expanding products, stepping-up technology and enhancing analytics to widen the reach of its transformational impact.”

The transaction is subject to the receipt of statutory and regulatory approvals, including those of the Reserve Bank of India (RBI) and the Competition Commission of India (CCI).