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NBFC firm Ambit Finvest raises Rs 690 crore from Daiwa Securities, existing investors

ISN Team
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Ambit Finvest

Ashok Wadhwa

Ambit Finvest, an NBFC firm, has raised Rs 690 crore. The bulk of this investment, Rs 415 crore, comes from the Japanese securities powerhouse, Daiwa Securities Group, granting them a minority stake in the company. 

The investment is part of a broader strategy to tap into the burgeoning Indian non-banking financial company (NBFC) sector and enhance financial inclusion across the nation.

The remaining Rs 275 crore was raised from existing shareholders, including Ambit's parent company.

Focused on expanding footprint


Ambit Finvest claims that it has been on a robust growth path, focusing on providing both secured and unsecured business loans, alongside used vehicle loans, primarily to micro, small, and medium-sized enterprises (MSMEs) across India.

It also claims to have disbursed loans worth over Rs 6,000 crore since its inception in 2018 and is managing assets over Rs 3,800 crore. The company boasts a network of 165 branches across 11 states.

What does the CEO say about funding?

Ashok Wadhwa, the Group CEO of Ambit, expressed enthusiasm about deepening the partnership with Daiwa, highlighting the crucial role of SMEs in India's economy and the pressing need for improved access to formal credit facilities. "(Ambit Finvest) It is now at the cusp of a breakout in its business trajectory and we are delighted to invite Daiwa as a long-term strategic investor to participate in this journey."

"We see India as a strategically important country which is expected to experience high economic growth in the coming years," Seiji Nakata, president and chief executive officer of Daiwa Securities Group, said.