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AVANTI FINANCIAL PRIVATE LIMITED
Sector Focus
NBFC
Highest Credit Rating
BBB+ (Stable) by CRISIL Ratings Limited
Oct 04, 2024
Yield
11.4609% XIRR
Coupon
10.9000% p.a
Rating
BBB+ (Stable)
ISIN
INE0BNQ07113
Maturity Date
30 Sep, 2026
Key Strengths
Expectation of continued support from the founders
Promoted by Mr Ratan Tata and Mr Nandan Nilekani, Avanti has a strong parentage with a vision to ensure financial inclusion for 100 million households over the next 5-7 years. Mr. Ratan Tata and Mr. Nandan Nilekani (through NRJN Trust), hold 4.86% and 39.61% equity shares respectively as on 31‐Mar‐ 24 on a fully diluted basis..
Digitization of operations to increase scalability
The AUM of the company stood at Rs. 1,387 crore as on March 31, 2024, as against Rs. 104 crore as on March 31, 2021, registering a CAGR of 137% over the course of last 3 years. Of the total loan book, co-lending book constitutes around 19.6% as on December 31, 2023.
Support from marquee investors
Company has raised equity from various marquee investors such as Bill and Melinda Gates Foundation (Founded by Mr. Bill Gates and managing an AUM of US$ 75 billion as on Dec '23), Rabo Partnerships, Oiko Credit etc.
Improvement in Asset quality
GNPA reduced to 2.3% as on 31st March 2024 compared to 11.9% as on 31st March 2021.
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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CIN: U67100MH2008PTC178990 |
SEBI Registration No.: INZ000311637 |
NSE Member ID - Debt Segment: 90316 |
BSE Member ID - Debt Segment: 6811
SEBI Registration No.: INZ000311637 |
NSE Member ID - Debt Segment: 90316 |
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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