11th July 2025 : Infinity Fincorp Solutions (“Infinity” or “the Company”), a leading non-bank lender in India, has entered into Share Purchase and Subscription Agreement with Partners Group, whereby Partners Group will acquire a significant majority stake in the company. The investment of INR 19.5 billion (~USD 230 million) in Infinity was led by Partners Group with participation from existing shareholder Jungle Ventures. The investment includes a primary issuance of INR 6 billion (~USD 70 million) along with a secondary purchase from Indium IV (Mauritius) Holdings Limited, a Fund managed by Global Opportunity Advisors (Mauritius) Limited which is advised by True North Managers LLPand other shareholders.
Headquartered in Mumbai, Infinity serves unbanked and under-banked Medium Small & Micro Enterprise (“MSME”) across India, enabling small businesses and entrepreneurs to unlock their growth potential. The MSME sector credit gap has been assessed at INR 33 trillion and is currently growing at ~16% annually. With over 1,500 professionals, Infinity offers customized secured loans to entrepreneurs and small business owners from over 120 branches across eight states. Infinity has more than INR 12 billion (~USD 140 million) in assets under management. The Company has around 50,000 customers, many of which work in the agriculture, trading, and manufacturing sectors and are typically based in smaller towns and cities across the country.
Infinity operates in the MSME segment in India, which is benefitting from thematic tailwinds including strong economic growth, formalization of lending processes, growing government support, and rapid digitalization, which is accelerating the time taken from customer onboarding to loan disbursal. Infinity’s distinctive people-first culture and empowering work environment, combined with execution excellence, has established a sustainable competitive moat for the Company.
Strong capital position along with Company’s credit rating of A Stable and a diversified lender base will enable Infinity to have robust lines of capital available to meet the growth demands. Company will utilize the funds to accelerate the Company’s branch roll out and invest in technology to enhance customer onboarding and experience. The above-mentioned transaction is subject to approval of the Regulator.
Shrikant Ravalkar, Founder, MD & CEO Infinity, said, “We are dedicated to empowering entrepreneurs and business owners across Tier 3 towns in India, through flexible, need-based lending solutions that are designed to create long-term impact. Our rapidly expanding branch network which grew by over 50% last year combined with our relentless focus on customer service and a distinctive work culture, continues to set us apart. We welcome Partners Group and intend on leveraging their operational expertise to further broad base our mission of serving the Indian MSME sector. I would like to express our sincere gratitude to Indium IV (fund advised by True North Partners), whose unwavering support and belief in our vision since inception has been instrumental to our journey. A heartfelt thanks to our 1,500+ employees and pan-India partners who continue to be the backbone of our success.”
Nitin Nayak, nominee of Indium IV on Infinity’s board said, “Within a few years of inception Infinity has scaled up remarkably, demonstrating strong credit quality and healthy profitability. Its management, led by Shrikant Ravalkar, has a deep understanding of credit needs, supply gaps and market opportunity in the MSME space, and are on the path to building one of India’s most admired lenders in this space. We thank Partners Group for their endorsement of the Company’s performance and potential and welcome them as the new majority partner to support Infinity in its journey ahead.”
Vageesh Gupta, Managing Director, Private Equity, 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 specialized operations that are better suited to providing customized solutions. Infinity has been on an incredible growth journey and we look forward to working with Shrikant Ravalkar and the management team.”
Murali Krishnan Nair, Member of Management, Private Equity, Partners Group, added, “Our strong thematic focus on non-bank lenders in India and experience in scaling Aavas positions us well to work closely with Shrikant Ravalkar and his team to drive the next round of value creation. Infinity’s employee-centric culture coupled with deep market and customer understanding has created a strong foundation to build a lasting, high-quality institution.”
Arpit Beri, nominee of Jungle Ventures on Infinity’s board said,“ At Jungle Ventures, we are committed to support pioneering businesses that lead their categories with innovation and discipline. Infinity is a standout example of this ethos. The company is not only scaling rapidly but doing so with solid unit economics and prudent risk oversight. We have strong belief in the outstanding platform that Shrikant Ravalkar has built, and we look forward to its continued evolution and far-reaching impact.”
Sagar Agrawal Founder and Managing Partner of Beams Fintech Fund said, “We are excited to welcome Partners Group as the new majority shareholder in Infinity Fincorp. Partners Group entry marks a strong validation for the Company & given their vast experience in financial services, we believe Infinity is poised to build a strong business. We are also proud to continue our partnership with Jungle Ventures and Archerman Capital and reaffirm our strong support for Shrikant Ravalkar and the leadership team. Infinity has consistently demonstrated scale, discipline, and resilience in the high-potential Micro-LAP segment.
Avendus Capital acted as the exclusive financial advisor to Infinity and Indium IV (Mauritius) Holdings for the transaction.