'The real work starts now.' Ananya Birla announces Chaitanya India acquisition, remembers decade-long journey; Harsh Goenka says 'proud of my little girl'
Harsh Goenka has showered praises on Ananya Birla as the Indian singer-songwriter and entrepreneur-led Svatantra Microfin successfully completed the acquisition of Chaitanya India Fin Credit.
On Friday, Birla shared the momentous news on her X (Twitter) handle, expressing her excitement and reflecting on Svatantra's transformative journey over the past decade.
«It’s official!!! This is the moment we formally completed the acquisition of Chaitanya. It is surreal to look back over the last decade.
Svatantra was the very first company that I founded with a vision to provide financial services to every woman in every corner of Bharat, to bank the unbanked. Today marks a huge step as we welcome Chaitanya formally into the Svatantra family,» tweeted Birla.
The acquisition, valued at Rs 1,479 crore, was initially announced in August, and its completion now positions Svatantra Microfin as the second-largest Non-Banking Financial Company-Microfinance Institution (NBFC-MFI), just behind CreditAccess Grameen in terms of AUM, with assets under management totalling Rs 13,000 crore.
Birla, in her tweet, also shared insights into Svatantra's journey, emphasising the company's commitment to financial inclusion.
«From 1 to a team strength of over 16,000, from 1 state to a national presence, from a cheque size of Rs. 10,000 to our first client, to becoming the second largest MFI in India with an AUM of 13,000 crores impacting over 32.8 million and growing.
I am excited for the journey ahead,» she wrote.
«A big congratulations to my entire team without whom, none of this would be possible. A big thank you to all our partners and supporters.
