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overseas education: Towns A study in aspirational borrowing as overseas education calls

As much as 70-72% of the students funded by Avanse Financial Services in 2023 belonged to tier II-III and beyond, said the education-focused nonbanking financial companys managing director and chief executive, Amit Gainda. He attributes the growing demand to aspiration among youngsters from the hinterlands to access foreign education and have a better standard of living.

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IPO-bound NBFC Avanse, backed by Warburg Pincus, seeks fresh Rs 1,000-cr fund raise

In March 2019, Warburg Pincus entered into definitive agreements to acquire an 80 percent equity stake in Avanse Financial Services held by Wadhavan Global Capital group

Warburg-pincus , Amit-gainda , Avanse-financial-services , International-finance-corporation , World-bank-group , Kedaara-capital , Bank-group , Wadhavan-global-capital , Managing-director , Profit-after-tax , Avanse , Inancial-services

Avanse Financial Services secures $145 million ECB for education financing

Avanse Financial Services secures $145 million ECB for education financing
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Share Market Highlights 16 October 2023: Sensex sheds 115 pts, Nifty closes below 19,750; Hero MotoCorp, JSW Steel major gainers

Share Market Highlights 16 October 2023: Sensex sheds 115 pts, Nifty closes below 19,750; Hero MotoCorp, JSW Steel major gainers
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Warburg Pincus-backed Avanse Financial Services raises $98m from Kedaara Capital

Avanse said it disbursed $596m loans in the first nine months of fiscal 2023.

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Avanse Financial Services raised primary capital of Rs 800 Cr. from Kedaara Capital

Mumbai (Maharashtra) [India], January 19 (ANI/PRNewswire): Avanse Financial Services Ltd. (Avanse), India's new age, technologically advanced, education-focused non-banking financial company (NBFC), today announced that Kedaara Capital, a leading private equity firm, will infuse Rs 800 Cr. in Avanse to fund its strong secular growth. The fund-raise will be deployed to expand its presence and outreach to a larger number of deserving Indian students enabling them to fulfill academic aspirations and towards greater development of the Indian education ecosystem. Warburg Pincus continues to be the majority shareholder in Avanse. Avanse has been on a strong growth trajectory, playing a transformational role in the education financing segment. The company's AUM stands at ~Rs 8,000 Cr. as of December 2022, reporting a 1.9x growth over the same period last fiscal. During 9MFY2023, Avanse witnessed the highest-ever growth in its loan disbursement of ~Rs 4,850 Cr., delivering ~2.5x growth over the same period last fiscal. As a student-centric organisation, Avanse has fulfilled the educational dreams of over ~3 lakh academic aspirants across 3,000+ institutes and 25,000+ courses in over 50 countries. The company also provided growth and working capital to 1000+ educational institutes catering to over ~5-6 lakh students. Amit Gainda, Managing Director & CEO, Avanse Financial Services, said, "While Warburg Pincus & IFC continue to be supportive partners in our journey, we are now delighted to have Kedaara Capital on board. Avanse is at an exciting phase of growth as we continue to fulfil our mission of providing education financing to students passionate about accessing high-quality education. As the world recovered post the pandemic, we witnessed a significant resurgence of students seeking higher education at international locations. We have responded with agility, leveraging technology to develop customised financing solutions to address unique student demands. The growth capital will enable us to strengthen our brand proposition, integrate digital solutions and innovate to build more depth into our product range as we work towards delivering greater stakeholder value." Narendra Ostawal, Managing Director, Warburg Pincus & Non-Executive Director, Avanse Board, said, "Avanse has remained true to its commitment of fulfilling the right to quality education. The team led by Amit has delivered commendable performance over the last three years as India navigated through the pandemic. The Indian education finance segment is witnessing strong secular growth, and we look forward to providing continued support to Amit and his team towards achieving their goal of democratising education and education financing." Commenting on the investment, Sunish Sharma, Managing Partner and Co-CEO, Kedaara Capital said, "Kedaara is very excited to partner with Amit and the management team and support Avanse's continued evolution. We look forward to using our operational expertise and experience in the financial services space to help them realise their long-term vision." Kartikeya Kaji, Managing Director, Kedaara Capital added, "The fresh primary infusion will significantly improve the company's capitalisation, providing a strong base for future growth." Avendus Capital acted as the exclusive financial advisor for the transaction, and AZB & Partners represented the Company, and Warburg Pincus as legal counsel. Khaitan & Co. acted as legal counsel to Kedaara Capital. About Avanse Financial Services Avanse Financial Services Limited is a new-age, technologically advanced, education-focused NBFC on a mission to provide seamless and affordable education financing for every deserving Indian student. The company provides loans across the following segments: - Student Loans: Financing solutions designed to cater to the entire education lifecycle of students. - Loan for Higher Education in India and abroad - Student Loan Refinancing - Loans for Professionals: Financing solutions for professionals to meet the need of the hour and to be future-ready - Skill Enhancement Loans - Executive Education Loans - Institution Loans: Loans for financing working and growth capital needs of educational institutes in India - Loan for Education Institutions - Social Infrastructure Loans For more information, please visit www.avanse.com. For organisation updates, follow us at https://www.linkedin.com/company/avanse-financial-services?originalSubdomain=in Warburg Pincus LLC is a leading global growth investor. The firm has more than USD 85 billion in assets under management. The firm's active portfolio of more than 260 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than USD 108 billion in over 1,055 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, Sao Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. For more information, please visit www.warburgpincus.com. Follow on LinkedIn. Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It currently advises/manages over ~USD 3.6 billion through investments in several market leading businesses across a variety of sectors including consumer, financial services, pharma/healthcare, technology/business services and industrials. Kedaara's operating partner model comprising former CEOs with proven track records of building market-leading businesses enabling them to realise their full potential. Since its inception, Kedaara has remained singularly dedicated to its stated strategy of focusing on investments built through trust-based relationships with best-in-class entrepreneurs and management teams across secular fast growing end markets. Kedaara was co-founded by Sunish Sharma, Nishant Sharma and Manish Kejriwal and combines the strengths of a well-networked, highly experienced local investing and operating team, with the experience of their strategic partner, Clayton, Dubilier & Rice, a global private equity firm whose investment model blends financial skills with operating expertise. For further information about Kedaara, please visit: https://www.kedaara.com This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

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Avanse Financial Bags $98.3 Mn Funding From Kedaara Capital

Avanse Financial will use the funds to expand its presence and offer more credit to Indian students, in turn, helping them fulfill their academic aspirations

India , Amit-gainda , Warburg-pincus , Narendra-ostawal , World-business-capital-inc , World-business-capital , Avanse-financial , Kedaara-capital , Leap-finance ,

Modern-day Leaders Striding Forward with Purpose

A unique cadre of leaders epitomises this multifaceted growth across fronts, and their many successes have seen them recognised as the Influential Leaders of India 2022. This research-driven initiative shortlisted brands based on in-depth research conducted by a dedicated marketing research partner, Allegiant Market Research.

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Great Leadership, Delivering Great Results: Meet the Influential Leaders of India

New Delhi [India], October 10 (ANI/PNN): Scalability and growth; these are two of the overarching aims of leaders across industries. But for many, it remains an elusive goal. Pursuing a model of growth that is sustainable, inclusive, and profitable is alluring, but not easy. According to a McKinsey study, about a quarter of companies don't grow at all, and between 2010 and 2019, only one in eight achieved more than 10 per cent revenue growth annually. Moreover, only one in ten S&P 500 companies reported growth above GDP consistently over a 30-year period. Building a sustained, profitable growth model is possible, but comes down to making a choice, a simple one on the face of it; to make a conscious, unwavering commitment to growth, no matter the obstacles faced. Staying the course will prove to be richly rewarding, impacting every function across the organisation. A unique cadre of leaders epitomise this multifaceted growth across fronts, and their many successes have seen them recognised as the Influential Leaders of India 2022. This research-driven initiative shortlisted brands based on in-depth research conducted by a dedicated marketing research partner, Allegiant Market Research. This one-of-a-kind event was marked by industry experts, thought leaders, and icons deliberating on the nature of leadership and how it impacts us all. The event also witnessed the launch of Team Marksmen's marquee magazine, in Focus, which brings to the fore the latest tales from the world of business, leadership, and lifestyle. Offering their thoughts and perspectives from across industry and civil society, a range of speakers graced the occasion, such as Vivek Bhatia, MD, thyssenkrupp Industries India; Anirban Ghosh, Chief Sustainability Officer, Mahindra Group; Amisha Vora, Co-Owner & Joint MD, Prabhudas Lilladher; Geetika Mehta, MD, Hershey India; Harshbeena Zaveri, Vice Chairman & MD, NRB Bearings Ltd.; Arun Batra, Client Service Leader, EY Global Delivery Services; Balfour Manuel, MD, Blue Dart Express Ltd.; Shankar Jadhav, MD, BSE Investments & Head Strategy, BSE; Umar Ali Shaikh, CEO, Atos India, and many more. Speaking at the event, Rajesh Khubchandani, Co-Founder & CEO, Team Marksmen Network, said, "Growth is a modern business imperative, and really a huge strategic priority for any business leader or owner. And truly, it is a direction that any leader can and must make, regardless of the prevailing industry or economic climate. The Influential Leaders of India 2022 represent a collection of captains of industry at the vanguard of change, steering their ship through choppy waters towards a better future, and we salute their indomitable spirit." Transformative Titans of Industry Long-standing challenges are taking on a new avatar as they remain atop the priority list on leaders' agendas. This has created the opportunity to effectively select new essentials that mirror the needs of a dynamic reality, deftly shaping them to match an all-new strategic vision. Yesterday's business doctrines are insufficient for today's needs, and diverse leaders were recognised for their demonstrated excellence in a glittering ceremony, which included eminent leaders such as: - Amisha Vora, Co-Owner & Joint MD, Prabhudas Lilladher - Amit Gainda, MD & CEO, Avanse Financial Services Ltd. - Ankit Goel, Founder and MD, Space World - Anu Aggarwal, Anu Aggarwal Foundation - Anubhav Sharma, Founder & CEO, SyncMedia and Adtech - Arun Batra, Client Service Leader, EY Global Delivery Services - Arvind Goel, MD & CEO, Tata AutoComp Systems - Ashok Todi, Chairman, Lux Industries - Atin Brijendra Agarwal, MD, Auto Mech (India) Pvt. Ltd. - Atul Boda, Chairman, J. B. Boda Group - Balfour Manuel, MD, Blue Dart Express Ltd. - Biraj Sinha, MD & CEO, UNISON Insurance Brokers - Gaurav Gupta, MD, DSV Solutions Pvt. Ltd. - Geetika Mehta, MD, Hershey India - Hardayal Prasad, MD & CEO, PNB Housing Finance - Harshbeena Zaveri, Vice Chairman & MD, NRB Bearings Ltd. - Hasu Dholakiya, Founder & Director, H.K. Designs (India) LLP - Lav Chaturvedi, Executive Director & CEO, Reliance Securities - Nikhilesh Tiwari, CEO, Spay India - Puneet Gupta MD & VP, Netapp - Radhey R Raman, Co-Founder and Director, Space World - Ramkumar Govindarajan, Co-founder & CEO, WIZ Freight - Ronak Chiripal, CEO, Nandan Terry - Rupesh Paparaju, MD, Bettinelli Automation Components - Sandeep Bagla, CEO, Trust Mutual Fund - Sandeep Bhardwaj, CEO - Retail Broking, IIFL Securities Ltd. - Sanjeev Vashista, MD & CEO, Pathkind Labs - Saurabh Chandra, MD, BCG - Shankar Jadhav, MD, BSE Investments & Head Strategy, BSE - T.A.Krishnan, CEO & Co-founder, Ecom Express Ltd. - Umar Ali Shaikh, CEO, Atos India - Vivek Bhatia, MD, thyssenkrupp Industries India - Vivek Khanna, MD, INDIC EMS Electronics Pvt. Ltd. While the essence of leadership remains timeless, it is entirely clear that leaders need to be all that they always were, and much more: visionaries, strategists, communicators, motivators, clairvoyants, and beyond. Future-ready organizations are already mining them for opportunities. Those recognised among the ranks of the Influential Leaders of India 2022 understand this fundamental truth, and have scaled industry summits, setting new benchmarks along the way. Team Marksmen's mission is to help organisations and leaders from across sectors create impactful change that matters. Their work stems from a holistic understanding of every client's personalised context, unique requirements, sector dynamics, and macroeconomic environment. This allows them to create brand solutions and bespoke industry-centric knowledge platforms that resonate with audiences, thereby helping advance the practice of management. To know more, email at contact@teammarksmen.com This story has been provided by PNN. ANI will not be responsible in any way for the content in this article. (ANI/PNN)

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India: Avanse Financial raises $49m from existing investors Warburg Pincus, IFC

Warburg and IFC will be investing according to their existing shareholding pattern — 80% and 20%, respectively

India , Amit-gainda , Warburg-pincus , Narendra-ostawal , Wadhawan-global-capital-ltd , Olive-vine-investment-ltd , Dewan-housing-finance-corporation-ltd , International-finance-corporation , Avanse-financial-services , World-bank , Avanse-financial-services-ltd , Olive-vine-investment