Key Points
Credit and Finance for MSMEs: As of March 2023, the 2500-people strong Vistaar Finance had assets under management worth Rs 3,150 crore..
Post the deal, Vistaars net worth is Rs 1,210 crore with a capital adequacy of 37 per cent...
Warburg Pincus, the equity investor, on Monday, announced its acquisition of the controlling stake at the MSME-lender NBFC Vistaar Finance in partnership with Avijit Saha, previously associated with the ICICI Bank...
Post the acquisition, Ramakrishna Nishtala, Co-founder and CEO of Vistaar Finance will pass on the baton to Avijit Saha who will take over the NBFC as the CEO..
Avijit Saha, CEO of Vistaar Finance, said, As Vistaar embarks on its next phase of growth, we will continue to build a deeper understanding of specific customer segments and fulfil their financial needs through customised products...
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