In a major boost to India’s MSME lending sector, Switzerland-based private equity giant Partners Group has acquired a majority stake in Infinity Fincorp by leading a $230 million (approx. ₹1,950 crore) funding round. The round comprised a mix of $70 million in primary capital and the remainder as a secondary transaction, with Indium IV (Mauritius) Holdings Limited exiting its stake.
Jungle Ventures, an existing investor, also participated in the round, signaling continued faith in Infinity’s growth trajectory.
Founded in 2016 by Shrikant Ravalkar, Infinity Fincorp is a Mumbai-based NBFC focused on serving micro, small, and medium enterprises (MSMEs). The company received its NBFC license from the Reserve Bank of India (RBI) in 2017 and has since built a strong presence across seven Indian states, including Maharashtra, Gujarat, Rajasthan, and Tamil Nadu. It currently serves over 30,000 customers, offering secured loans primarily against property.
The fresh infusion of funds will be used to expand Infinity’s branch network, deepen its presence across underserved regions, and upgrade its technology platform to enhance digital onboarding and customer experience.
Speaking on the investment, Vageesh Gupta, Managing Director, Private Equity at Partners Group, said:
“The MSME segment contributes a significant share of national GDP and we expect demand for credit will continue to rise. We believe non-bank lenders such as Infinity have advantages in catering to these enterprises due to their highly specialised operations that are better suited to providing customised solutions.”
This development follows Infinity’s recent $40 million Series A round, which brought in Beams Fintech Fund. The company is now well-capitalized to drive its next phase of growth and innovation in the underserved MSME finance space.
Partners Group has a history of strategic investments in Indian financial services. Earlier this month, the firm exited Aavas Financiers after nearly seven years, selling its stake to CVC Capital Partners.
The NBFC-MSME lending space continues to attract strong investor interest, buoyed by the estimated ₹20–25 lakh crore credit gap, as per a 2019 RBI expert committee report. With Infinity Fincorp now backed by one of the world’s leading PE firms, the company is poised to play a crucial role in addressing this demand and powering India’s economic backbone—its MSMEs.
