Arka Fincap, a Kirloskar-linked NBFC, secures Rs.525 crore from TPG's Rise Funds
The Rise Funds, TPG's impact investing platform, has signed agreements for an initial Rs.525 crore investment in Indian NBFC Arka Fincap, a Kirloskar Group company.
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what happened
Arka Fincap, a non-banking financial company promoted by the Kirloskar Group, has signed definitive agreements with The Rise Funds, the impact investing arm of TPG, for an initial investment of Rs.525 crore. The company said the amount could rise by another Rs.275 crore if Arka meets set business milestones and receives regulatory approvals.
The capital will fund growth through wider geographic reach and more spending on technology and risk management. Avendus Capital acted as exclusive financial adviser. According to Moody's, which published the item, Arka has about Rs.8,000 crore in assets under management and 146 branches across ten states, lending against pre-owned vehicles, secured business loans and property.
why it matters
The deal shows that foreign capital continues to target secured lending in India. For markets it is a company-level story, but it reflects strong demand for credit to small businesses and vehicle operators.
tags
instruments
sources
- Kirloskar-backed NBFC Arka gets Rs.525 cr initial commitment from TPG's Rise Funds — Moody's, 7 November 2026 at 09:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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