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SBFC

Overview

Website

www.sbfc.com

Employees

1001-5000 employees

Type

Privately Held

Revenue

Competitors

N/A

Headquarters

Mumbai, Maharashtra

Founded

2017

Category

State Department Finance

SBFC Finance Private Limited headquartered in Mumbai, is a new-age financial services institution focused on providing credit to small businesses and consumers. Founded in 2017, SBFC acquired the retail lending book along with the existing infrastructure, branch network and employee team of Karvy Financial Services Limited. Backed by an equity infusion of ₹ 845 crores ($ 130 million) from PE investors Lyra Partners and Arpwood Partners, SBFC aims grab the unique opportunity of financing 50 million small business through technology adoption. The company is led by former HDFC Bank senior executive Aseem Dhru as CEO and former Kotak Mahindra Bank senior executive Mahesh Dayani as Chief Business Officer. The company would leverage their experience in ramping up the retail loan book, maintaining strong underwriting practices and in technology adoption.