Svatantra Consolidates position as India’s Second-Largest NBFC-MFI
FinTech BizNews Service
Mumbai, March 24, 2026: Svatantra Microfin Private Limited (Svatantra / the Company) today announced the completion of amalgamation of Chaitanya India Fin Credit Private Limited (CIFCPL) and Svatantra Holding Private Limited with the Company following the approval of Hon’ble National Company Law Tribunal, Mumbai Bench vide its order dated March 12, 2026. The said amalgamation, which follows the receipt of all necessary approvals including the Reserve Bank of India (RBI), the Competition Commission of India (CCI), BSE Limited solidifies Svatantra’s position as the second-largest NBFC-MFI in India.
The corporate restructuring following the amalgamation also includes Svatantra Micro Housing Finance Corporation Limited (SMHFCL) becoming a wholly owned subsidiary of Svatantra. This will enable the group to provide a comprehensive range of financial solutions, including microloans and secured housing finance.
The transaction marks the end of a multi-stage integration process that began with Svatantra’s acquisition of CIFCPL from the Navi Group in November 2023. With this amalgamation, the Company now manages a consolidated Assets Under Management (AUM) of about INR 22000 crore (including Housing finance business) with a network of 2,200 branches across 20 states, a team of 25000 employees, and INR 70,000 crore in disbursements since inception.
Together, the merged entity now serves about 5 million of customers across India’s micropreneurs and unbanked regions, with a strengthened focus on segments such as affordable housing, micro‑enterprise loans, and livelihood financing.
Ananya Birla, Founder and Chairperson of Svatantra Microfin, said, “Svatantra was launched with the belief that financial inclusion has the power to transform not just individual lives, but the trajectory of the Indian economy itself. What began as an effort to expand access to formal credit for grassroots entrepreneurs has today evolved into a larger platform designed to support their long-term economic growth. Over the years, with the support of the right partners and investors, we have steadily built towards the vision we set out with — to create an institution that meaningfully contributes to India’s financial ecosystem.
With the integration of Chaitanya’s strong on-ground reach and Svatantra’s technology-first approach, we are building a more robust, multi-product financial institution that can support borrowers across every stage of their journey — from microcredit to secured housing finance.
We remain committed to enabling millions of rural entrepreneurs who play a vital role in strengthening India’s financial ecosystem.”
The unified organization will leverage its increased scale to optimize borrowing costs and further strengthen its industry-leading credit profile, which currently holds a CAREEdge AA (Stable Outlook) rating.
Going forward, the company remains steadfast in its philosophy of customer‑centricity and disciplined underwriting, ensuring that its expanded footprint delivers sustainable financial independence across rural India. As one of the country’s leading microfinance institutions, it will continue to champion inclusive finance at scale.
