Global private markets investment firm Partners Group will acquire a substantial majority stake in Mumbai-based NBFC Infinity Fincorp Solutions for ₹1,950 crore. This deal ranks among the largest private equity investments in India’s NBFC sector this year.
The transaction involves a primary capital infusion of ₹600 crore and a secondary share purchase from existing shareholders, including Indium IV (Mauritius) Holdings Limited—a fund managed by Global Opportunity Advisors (Mauritius) and advised by True North Managers LLP—along with other investors. Existing backer Jungle Ventures also participated in this funding round.
The deal awaits approval from the Reserve Bank of India (RBI). Infinity Fincorp, which focuses on lending to SMEs in Tier II and III cities across eight states, plans to use the funds to scale up its branch network and enhance its tech infrastructure for better customer onboarding and lending efficiency.
The company currently operates over 120 branches, has assets under management (AUM) of more than ₹1,200 crore, and serves a customer base of approximately 50,000.
“The MSME segment contributes a significant share of national GDP, and we expect demand for credit will continue to rise. We believe non-bank lenders such as Infinity have advantages in catering to these enterprises due to their highly specialized operations that are better suited to providing customized solutions,” said Vageesh Gupta, Managing Director, Private Equity, Partners Group.
Shrikant Ravalkar founded Infinity Fincorp and currently serves as its Managing Director and CEO. The company specializes in secured lending to MSMEs across sectors like trading, agriculture, and manufacturing, with a strong presence in smaller towns and semi-urban regions of India. With a workforce of over 1,500 employees, Infinity has steadily built a robust operational base to support its growth ambitions.
“We are dedicated to empowering entrepreneurs and business owners across Tier III towns in India through flexible, need-based lending solutions that are designed to create long-term impact,” said Ravalkar. “We welcome Partners Group and intend on leveraging their operational expertise to further broaden the base of our mission of serving the Indian MSME sector.”
“Within a few years of inception, Infinity has scaled up remarkably, demonstrating strong credit quality and healthy profitability,” said Nitin Nayak, nominee of Indium IV on Infinity’s board. “We thank Partners Group for their endorsement of the company’s performance and potential and welcome them as the new majority partner.”
Jungle Ventures, which continues to remain invested in the company, reiterated its support.
“Infinity is not only scaling rapidly but doing so with solid unit economics and prudent risk oversight,” said Arpit Beri, the firm’s nominee on Infinity’s board. Beams Fintech Fund, another existing investor, also reaffirmed its commitment.
“Partners Group entry marks a strong validation for the company, and given their vast experience in financial services, we believe Infinity is poised to build a strong business,” said Sagar Agrawal, founder and managing partner of Beams.
Avendus Capital served as the exclusive financial advisor to both Infinity Fincorp and Indium IV for this transaction. Partners Group, a global investment firm managing over $150 billion in assets, has already invested around $2.5 billion in India. Its previous Indian investments include Vishal Mega Mart, which recently made its public market debut.
