Svatantra Microfin Acquires Chaitanya India Fin, Becomes 2nd Largest NBFC-MFI

• Svatantra Microfin Pvt Ltd completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following NCLT approval.
• The amalgamation, approved by NCLT Mumbai Bench on March 12, solidifies Svatantra’s position as India's second-largest NBFC-MFI.
• Svatantra Micro Housing Finance Corporation Ltd (SMHFCL) becomes a wholly-owned subsidiary, expanding financial solutions to microloans and secured housing finance.
• The merged entity now manages a consolidated Assets Under Management (AUM) of about Rs 22,000 crore, with 2,200 branches across 20 states and 25,000 employees.
• Serving approximately 5 million customers, the company focuses on affordable housing, micro-enterprise loans, and livelihood financing, aiming for sustainable financial independence in rural India.