Svatantra Microfin's Milestone: Acquires Chaitanya, Becomes a Microfinance Giant and Secures $230M Investment
Svatantra Microfin, led by Ananya Birla, has acquired Chaitanya India Fin Credit for ₹1,479 crore, becoming India's second-largest NBFC-MFI. The merger expands their reach to 4.2 million customers. Recently, Svatantra garnered a $230 million investment from Advent International and Multiples Private Equity, marking a significant move in the microfinance scene. This enhances their focus on digitally-driven financial inclusion for rural women.