🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Bottomline: Actis owned lender Profectus ups profit, AUM nearing $500 mn mark

VCCircle

VCCircle · 1y ago

Bottomline: Actis owned lender Profectus ups profit, AUM nearing $500 mn mark

Profectus Capital Pvt. Ltd., a non-banking financial company owned by Actis, has reported an increase in assets under management (AUM) and improved financial metrics for the financial year 2024. The AUM of Profectus Capital is nearing the $500 million mark, following Actis' acquisition of the company in 2019.

Related News

Bottomline: Vastu Housing Finance’s AUM for last fiscal soars past $1 bn mark

VCCircle

VCCircle · 1y ago

Bottomline: Vastu Housing Finance’s AUM for last fiscal soars past $1 bn mark

Vastu Housing Finance, a non-banking finance company controlled by Multiples PE, saw a substantial increase in its assets under management (AUM) for the financial year 2024, surpassing the $1 billion mark. The company's annual report showed strong growth in its AUM, indicating positive financial performance. The lender, led by Sandeep Menon, founder, MD, and CEO, continues to improve its financial metrics steadily.

Spotlight: How Actis-owned Profectus plans to revive growth after hitting a bump

VCCircle

VCCircle · 7m ago

Spotlight: How Actis-owned Profectus plans to revive growth after hitting a bump

Profectus Capital Pvt. Ltd, an Indian non-banking finance company owned by British private equity firm Actis, is experiencing a significant slowdown in profit growth due to halted loan growth and rising bad debts. Despite these challenges, the company is recalibrating its business strategy to revive growth. CEO KV Srinivasan is steering efforts to stabilize the company’s financial health and ensure sustainable development in response to the current fiscal pressure.

Bottomline: PE-backed lender Aviom aims to double AUM as profit, margin improve

VCCircle

VCCircle · 1y ago

Bottomline: PE-backed lender Aviom aims to double AUM as profit, margin improve

PE-backed lender Aviom India Housing Finance plans to double its assets under management (AUM) during the current fiscal year. The company recorded a 70% increase in AUM for the previous fiscal year and is also aiming to improve its profit and net interest margin. Aviom focuses on providing small-ticket home loans to individuals in rural and underserved areas.

Bottomline: Fullerton-backed Lendingkart’s FY24 profit nearly halves; revenue, AUM up

VCCircle

VCCircle · 1y ago

Bottomline: Fullerton-backed Lendingkart’s FY24 profit nearly halves; revenue, AUM up

Lendingkart Finance Ltd, a non-banking financial company (NBFC) owned by the Lendingkart Group, reported a decrease in net profit for the financial year ending March 2024. Despite this, the company saw an increase in revenue from operations and assets under management (AUM). Lendingkart's net profit dropped to Rs 60 crore ($7.2 million), indicating a decline in profitability. However, the company achieved growth in its overall business operations.

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

VCCircle

VCCircle · 5m ago

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

Vistaar Financial Services Pvt. Ltd, backed by private equity firm Warburg Pincus, successfully grew its assets under management (AUM) to over $500 million while maintaining controlled non-performing assets (NPAs). This growth highlights the company's effective strategy in expanding its portfolio without compromising asset quality. Under the leadership of MD and CEO Avijit Saha, Vistaar Finance continues to demonstrate robust financial management and operational efficiency, marking a significant achievement in the non-bank lending sector.

Bottomline: PE-backed SarvaGram breaks even, aims to double AUM in FY25

VCCircle

VCCircle · 1y ago

Bottomline: PE-backed SarvaGram breaks even, aims to double AUM in FY25

Maharashtra-based lender SarvaGram Fincare Pvt. Ltd has achieved breakeven and aims to double its assets under management (AUM) in the fiscal year 2025. The company has experienced rapid revenue growth and expanded its operations through various venture capital and private equity investments. SarvaGram focuses on serving the credit needs of rural households.

Bottomline: Gaja-backed Kinara Capital’s assets under management soar in FY24

VCCircle

VCCircle · 1y ago

Bottomline: Gaja-backed Kinara Capital’s assets under management soar in FY24

Small-business lender Kinara Capital, which is supported by investors such as Gaja Capital and the Michael and Susan Dell Foundation, has reported a 26% year-on-year growth in its assets under management (AUM) for nine months of FY24. The company's CEO, Hardika Shah, expressed confidence in Kinara Capital's growth trajectory and its ability to provide support for small businesses.

Bottomline: PE-backed Kogta Financial’s loan book soars past $500 mn mark

VCCircle

VCCircle · 12m ago

Bottomline: PE-backed Kogta Financial’s loan book soars past $500 mn mark

Non-banking financial company Kogta Financial, supported by private equity firms such as Morgan Stanley PE Asia and Multiples PE, has achieved a significant milestone by surpassing the $500 million mark in its loan book. The company reported positive growth for all its financial metrics in the fiscal year 2024. With its primary focus on lending, Kogta Financial continues to expand its presence in the financial sector.

Bottomline: Ambit Finvest AUM, net profit surge; asset quality slips

VCCircle

VCCircle · 8m ago

Bottomline: Ambit Finvest AUM, net profit surge; asset quality slips

Ambit Finvest, backed by Adar Poonawalla, saw an increase in both its asset under management (AUM) and net profit in the financial year ending March 2024. However, the company also experienced a decrease in the quality of its assets.

Bottomline: Warburg-owned Shriram Housing maintains profit, AUM growth trend in FY24

VCCircle

VCCircle · 10m ago

Bottomline: Warburg-owned Shriram Housing maintains profit, AUM growth trend in FY24

- Shriram Housing Finance reports a 58% increase in net profit for FY24 - Assets under management (AUM) continue to grow at a high double-digit rate - Private equity firm Warburg Pincus acquires Shriram Housing in May - Ravi Subramanian serves as the Managing Director and CEO of Shriram Housing - Net profit for the year ended March 2024 amounts to Rs 217.4 crore

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.