Svasti Microfinance Raises INR 47.5 Crores
Targets INR 1,400 Crores AUM by March 2027.
Existing investors Adar Poonawalla and Abler Nordic deepen their investment Svasti’s technology-led business model
India, 11th March 2026: Svasti Microfinance Private Limited (Svasti), a leading RBI-licensed fintech and MFI, has successfully raised INR 47.5 Crores from its core investor group, including Mr. Adar Poonawalla, Abler Nordic, and Rajiv Dadlani Group, through a combination of equity and subordinated debt.
This funding marks a pivotal milestone in Svasti’s evolution from a traditional microfinance institution into a high-growth, technology-first financial services provider. The proceeds will be strategically leveraged to expand the company’s loan portfolio, further enhance its proprietary digital infrastructure and to diversify its loan product offerings beyond traditional Joint Liability Loans to enable Svasti to reach an AUM of INR 1,400 Crores by March 2027.
The SvasTech Edge: A Proprietary Advantage
At the heart of Svasti’s strategy is SvasTech, a sophisticated, proprietary fintech platform engineered with embedded Artificial Intelligence (AI) and Machine Learning (ML). Unlike off-the-shelf industry solutions, SvasTech provides Svasti with an end-to-end digital platform, automating complex business processes, delivering high operational efficiency and facilitating deeper customer understanding. SvasTech enables superior credit underwriting for the informal micro-enterprise sector—segments traditionally overlooked due to a lack of documented income proofs and collateral—by utilizing advanced data analytics to assess risk with high precision.
“SvasTech is more than a platform; it is a dynamic, unmatched business engine that redefines what is possible in micro-credit,” said Mr Narayanan Subramaniam, Co-Founder of Svasti. “Over the last 12 months, we have re-engineered SvasTech to support diverse financial products beyond Joint Liability Group lending. Its seamless integration capabilities are also facilitating deep-tech co-lending partnerships with major banks and NBFCs, which is a key part of our future growth strategy,” he added.
Mr Arunkumar Padmanabhan, Co-Founder of Svasti, added: “This investment is a powerful validation of our vision to be a diversified financial services provider. By leveraging our superior proprietary technology and analytics, we are building a top tier consumer finance business that marries high profitability with deep social impact.”
“We remain committed to fulfilling the ‘Right to Finance’ for millions of women across India, empowered by a team of 1,800 professionals and a tech stack that is built for the future. We plan to grow to reach a portfolio of Rs. 1400 Cr across our 150 branches in seven states by March 2027” Padmanabhan added.
Commenting on the fund raise, Ms Smriti Chandra, Regional Director-Asia, Abler Nordic said “We have been partners with Svasti since 2018 and have seen the Company grow from strength to strength. Over the years, they have demonstrated resilience through multiple crises while staying true to their core ethos. Their strong focus on customer needs is driven by a passionate team – from senior management to field officers – and supported by technology-enabled operations. This gives us confidence in the Company as we continue to support them at a critical time for the sector.”
Abler Nordic (formerly Nordic Microfinance Initiative) is an Oslo-based impact investor established in 2008 as a public–private partnership. It invests in financial services companies across Asia and Africa serving low-income households, combining social impact with sustainable financial returns.
The firm manages six funds with USD 470 million in cumulative capital and has offices in Oslo, Bangalore, Nairobi and Jakarta. India has been a key market since 2009, with ten current portfolio companies in the country collectively serving more than 7 million customers. | Read more about Abler Nordic at www.ablernordic.com
Adar Poonawalla is the Chairman of Poonawalla Fincorp and the CEO of Serum Institute of India. An innovator to the core, Adar Poonawalla has been dedicated to developing affordable children’s vaccines and providing the same across the globe. He spearheaded the Clean City initiative (APCC) in Pune and has since been actively involved in bringing dignity to waste collection.
In 2013, Forbes India included Mr. Adar Poonawalla in the ‘Four Scions to Watch Out For’ list. In 2018, he was recognised for his relentless and passionate efforts to make our society a better (and cleaner) place and was accorded the Corporate Social Responsibility award by CNBC Asia. Further, the award-winning GQ magazine included Mr. Poonawalla in its elite list of the 50 most influential young Indians—another feather in the cap for the young innovator and promoter. | Read more about Mr. Adar Poonawalla at www.adarpoonawalla.com
