Warburg-owned Vistaar raises Rs 1,360 crore from Motilal Oswal PE, others
Vistaar Financial Services, leading micro-enterprise lender, raised ₹1,360 crore, including ₹870 crore of primary capital, to support its next phase of growth, the company said on Monday.
The round was led by Motilal Oswal Alternates and saw participation from multiple investors, including Singapore-headquartered Asia impact investor ABC Impact, and others.
Since Warburg Pincus acquired a majority stake in 2023, the company has strengthened its leadership bench and expanded across 12 states with more than 250 branches, while maintaining a strong focus on financial inclusion and credit quality, it said.
The company manages over ₹5,000 crore in AUM with a capital adequacy ratio exceeding 50%, and delivered mid-teens ROE in FY25.
Avijit Saha, Managing Director & CEO, Vistaar Financial Services, said, “We are delighted to welcome our new financial partners who share our mission of enabling credit access to underserved micro-enterprises across semi-urban and rural India. This investment allows us to deepen our grassroot presence, drive customer-centric innovation, product diversification, and strengthen brand positioning as we continue to create greater value for all our stakeholders.”
Narendra Ostawal, Managing Director & Head of India Private Equity, Warburg Pincus, said, “Vistaar has established itself as a leading lender and partner for underserved MSMEs, an essential segment for the country’s long-term economic progress.”
Vinit Mehta, Managing Director, Motilal Oswal Alternates, added, “Vistaar’s leadership in MSME lending, particularly in semi-urban and rural India, aligns strongly with our investment philosophy of backing transformative, high-impact platforms enabling last-mile delivery of credit.”
In 2023, Warburg Pincus acquired about 95% stake in Vistaar Finance, in partnership with ICICI Bank veteran Avijit Saha, for Rs 2,500 crore ($300 million).
The round was led by Motilal Oswal Alternates and saw participation from multiple investors, including Singapore-headquartered Asia impact investor ABC Impact, and others.
Since Warburg Pincus acquired a majority stake in 2023, the company has strengthened its leadership bench and expanded across 12 states with more than 250 branches, while maintaining a strong focus on financial inclusion and credit quality, it said.
The company manages over ₹5,000 crore in AUM with a capital adequacy ratio exceeding 50%, and delivered mid-teens ROE in FY25.
Avijit Saha, Managing Director & CEO, Vistaar Financial Services, said, “We are delighted to welcome our new financial partners who share our mission of enabling credit access to underserved micro-enterprises across semi-urban and rural India. This investment allows us to deepen our grassroot presence, drive customer-centric innovation, product diversification, and strengthen brand positioning as we continue to create greater value for all our stakeholders.”
Narendra Ostawal, Managing Director & Head of India Private Equity, Warburg Pincus, said, “Vistaar has established itself as a leading lender and partner for underserved MSMEs, an essential segment for the country’s long-term economic progress.”
Vinit Mehta, Managing Director, Motilal Oswal Alternates, added, “Vistaar’s leadership in MSME lending, particularly in semi-urban and rural India, aligns strongly with our investment philosophy of backing transformative, high-impact platforms enabling last-mile delivery of credit.”
In 2023, Warburg Pincus acquired about 95% stake in Vistaar Finance, in partnership with ICICI Bank veteran Avijit Saha, for Rs 2,500 crore ($300 million).
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