Two businessmen shake hands over a signed contract, symbolizing a completed amalgamation.
Svatantra Microfin, led by Ananya Birla, has finalized its amalgamation with Chaitanya India Fin Credit after acquiring it from Navi Group. The combined entity now manages approximately Rs 22,000 crore in assets.
The integrated microfinance institution operates a network of 2,200 branches, serving around 5 million customers across 20 states. This consolidation strengthens Svatantra’s position in the microfinance sector, enhancing its reach and operational scale.
The merger follows Svatantra’s acquisition of Chaitanya, a strategic move to expand its footprint and leverage synergies between the two entities. The combined organization aims to provide enhanced financial services to a broader customer base, particularly in underserved regions.
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