Company lists
The India edition · 2026

Asset financecompanies in India

Vehicle finance, equipment finance, NBFC lenders, leasing, consumer & SME loans and more: the companies building asset finance in India, with their founders, funding, team size and business models.

102 company profiles37 with reported revenue7 with recorded fundingOctober 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent asset finance business events in India

Funding, M&A, contract wins and launches involving 112 asset finance companies in India, last 24 months: 12 M&A deals · 11 funding rounds · 8 Contracts · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

LaunchGenAI-Powered Conversational Agents

L&t finance

In collections, L&T Finance has transitioned from traditional NLP bots to GenAI-powered conversational agents, enabling over 7.2 million customer interactions across 10 Indic languages.

Collections chatbot
M&AAcquisition · Announced

TPG consortium acquires Aseem Infrastructure Finance

TPG consortium along with ICICI Bank and GIC of Singapore, has agreed to acquire Aseem Infrastructure Finance Limited for about Rs 40 billion marking a major move in India's green…

Green infrastructure financing
M&AAcquisition · Announced

TPG consortium along with ICICI Bank and GIC of Singapore acquires Aseem Infrastructure Finance

TPG consortium along with ICICI Bank and GIC of Singapore, has agreed to acquire Aseem Infrastructure Finance Limited for about Rs 40 billion marking a major move in India’s green…

M&AAcquisition · Announced

Tpg acquires Aseem Infrastructure Finance

Mumbai: US buyout group TPG, along with consortium partners ICICI Bank and GIC of Singapore, has agreed to buy non-bank lender Aseem Infrastructure Finance Ltd (AIFL) for Rs 4,000 crore

Financial services
M&AAcquisition · Announced

TPG, ICICI Bank and GIC of Singapore acquires Aseem Infrastructure Finance

5 days ago US buyout group TPG, along with consortium partners ICICI Bank and GIC of Singapore, has agreed to buy non-bank lender Aseem Infrastructure Finance Ltd (AIFL) for Rs 4,000…

NBFC
FundingSeed

Origa

Voice AI startup Origa, founded by IIT Delhi alumni, secured $450,000 in funding led by Antler Singapore, along with angel investors.

Investors Antler Singapore, Angel Investors
Voice AI
M&AAnnounced

Na acquires Indian railway finance

The government on Tuesday announced the sale of up to a 4% stake in Indian Railway Finance Corporation through a two-day OFS.

ContractInfrastructure

Indian Railway Finance Corporation · client: Haryana Power Generation Corporation

IRFC has signed two major loan agreements. The first is with Haryana Power Generation Corporation for Rs 5,929 crore to finance an 800 MW supercritical thermal power project in Yamunanagar.

Power
M&AAcquisition · Announced

Arval acquires Ayvens

This acquisition, estimated at about €1 billion, would allow Arval, the BNP Paribas leasing subsidiary, to fill part of its gap with Ayvens, the world leader, which is 55% owned by…

Fleet Management
M&AMerger · Announced

DL Ventures Limited acquires Hinduja leyland finance

Shares of Ashok Leyland Ltd rose 6% on Thursday after its key subsidiary, Hinduja Leyland Finance Limited (HLF), approved a merger with NDL Ventures Limited. HLF's board of directors…

Financial Services
M&AMerger · Announced

NDL Ventures acquires Hinduja leyland finance

The Board of Directors of Hinduja Leyland Finance, in a meeting held on November 25, approved the merger by absorption of Hinduja Leyland Finance into NDL Ventures Ltd.

Contract

Indian Railway Finance Corporation · client: Jawaharlal Nehru Port Authority

Indian Railway Finance Corporation (IRFC) signed an MoU worth ₹20,000 crore to provide financial support for the Vadhvan project.

M&AAcquisition · Completed

Godrej Industries acquires Godrej capital

The company acquired 22,107 fully paid-up equity shares of face value Rs 10 each through a rights issue undertaken by GCL, with GIL fully subscribing to it. This investment represents a…

FundingPrivate Placement

L&t finance

Retail-focused non-bank lender L&T Finance Ltd on Friday has allotted 1,05,000 senior, secured, rated, listed, redeemable non-convertible debentures with a face value of ₹1,00,000 each,…

Investors Na
Retail Finance
M&AMerger · Announced

Dhruva capital services acquires Vector finance

Dhruva Capital Services Ltd hit its 5 percent upper circuit after announcing a strategic merger with Vector Finance Private Limited.

Microfinance
Funding

Sakthi finance

The eight entities that raised funds are Muthoot Finance, Sakthi Finance, Kosamattam Finance, KLM Axiva Finvest, Muthoot Fincorp , Muthoottu Mini Financiers, Edelweiss Financial Services…

FundingNon-Convertible Debentures Issuance

Muthoot capital services

Leading NBFC, Muthoot Capital Services Limited, on Wednesday said it has approved the issuance of up to ₹125 crore worth of Non-Convertible Debentures through private placement.

NBFC
Funding

Aseem Infrastructure Finance

Aseem Infrastructure Finance Ltd (AIFL), a unit of government-backed National Investment and Infrastructure Fund (NIIF), is planning to raise about ₹2,500 crore from the debt market,…

Infrastructure Finance
FundingSeries C

Mahaveer finance

Another Indian startup, Mahaveer Finance, also secured $23 million in a Series C funding round to improve its in-house credit system, open more branches across South India, and provide…

Fintech
FundingSeries B2

Ikf finance

India’s IKF Finance pulled in $172 million to expand its lending portfolio and deepen its reach among underserved communities, positioning itself as a key player in India’s rapidly…

Fintech
ContractTechnology

Snowflake · client: Godrej capital

Snowflake announced that Godrej Capital, the financial services arm of Godrej Industries Group, is leveraging Snowflake’s AI Data Cloud as its integrated data platform to offer…

Financial services
FundingSecuritization

Muthoot capital services

Muthoot Capital Services said it has completed a securitization transaction, raising an amount of ₹98.75 crore in 3 tranches, by assignment of loan receivables aggregating to ₹105.06 crore.

Non-Banking Finance Company
FundingPrimary equity

Ikf finance

Hyderabad-based non-banking financial company (NBFC) IKF Finance is in advanced talks to raise $70-80 million in fresh primary equity, with a sovereign wealth fund expected to lead the…

Investors Sovereign wealth fund, Norwest venture partners
NBFC
Contract

REMC Limited · client: Indian Railway Finance Corporation

Adding to its positive outlook, RITES subsidiary REMC Limited signed a memorandum of understanding (MoU) with Indian Railway Finance Corporation (IRFC).

LaunchAI/ML-driven credit risk management accelerator

Godrej capital

Godrej Capital's AI/ML-driven credit risk management accelerator will soon analyse real-time data from bank statements and credit bureaus, improving decision-making and risk assessment.

Credit risk assessment
LaunchAI-driven quality checks

Godrej capital

One of the standout applications of GenAI at Godrej Capital is its role in transforming customer interactions through comprehensive AI-driven quality checks.

Asset finance companies in India, by revenue

Browse asset finance companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 37 companies below are the largest by their most recent reported revenue among 37 asset finance companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 37

Provider of vehicle, rural and construction equipment loans

Consumer and sme loans
₹15,940.98 crFY 2024-25
+13%2024–2025
9-12% 12 mo to Oct 2023LinkedIn · Oct 2026
32 yr1994
2postings · last posted Aug 2026

Provider of agricultural, commercial vehicles & construction equipment financing and leasing services

Asset finance
US$1.32bnDec 2025
+1%2024–2025
1,845-11% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Real estate financing firm

Asset finance
₹6,280.51 crFY 2024-25
+35%2024–2025
5,896+22% 12 mo to Mar 2024LinkedIn · Oct 2026
18 yr2008
2postings · last posted Aug 2026

Provider of consumer & SME loans and equipment & vehicle leasing services

Consumer and sme loans
₹5,145.67 crFY 2021-22
Not reported
4,391+8% 12 mo to Jul 2024LinkedIn · Oct 2026
72 yr1954
1postings · last posted Sep 2026

Provider of secured and unsecured loans with flexible repayment options

Asset finance
₹986.81 crFY 2024-25
+11%2024–2025
2,516+64% 12 mo to Sep 2024LinkedIn · Oct 2026
8 yr2018
2postings · last posted Sep 2026

Commercial vehicle financing company in South India

Asset finance
₹378.45 crFY 2022-23
Not reported
155+31% 12 mo to Sep 2024LinkedIn · Oct 2026
35 yr1991
1postings · last posted Sep 2026

Provider of automotive loans and asset finance services

Asset finance
₹171.93 crFY 2024-25
Not reported
12+20% 12 mo to Jun 2024LinkedIn · Oct 2026
45 yr1981
0none in 3 months

Provider of investment finance services

Asset finance
₹102.24 crFY 2023-24
Not reported
5-29% 12 mo to Mar 2023recorded Mar 2023
18 yr2008
0none in 3 months

Provider of rental services

Asset finance
₹91.66 crFY 2024-25
+68%2024–2025
54+31% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of financing services for new and used construction & mining equipment, and commercial vehicles

Asset finance
₹29.69 crFY 2024-25
-57%2024–2025
74-4% 12 mo to Sep 2024recorded Sep 2024
7 yr2019
0none in 3 months

Provider of equipment leasing management solutions for managed office and workspaces

Facility management tech
₹18.74 crFY 2024-25
+236%2024–2025
2+59% 12 mo to Apr 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of asset financial services for government

Government entities
₹18.11 crFY 2024-25
+31%2024–2025
—Not available
36 yr1990
0none in 3 months

Asset finance firm

Asset finance
₹16.18 crFY 2022-23
Not reported
13+0% 12 mo to Sep 2024recorded Sep 2024
41 yr1985
0none in 3 months

Internet first equipment leasing firm

Asset finance
₹12.00 crFY 2022-23
Not reported
42+17% 12 mo to Aug 2024LinkedIn · Jul 2026
12 yr2014
—No postings tracked

Provider of financial assistance for small business working capital and growth

Asset finance
₹11.18 crFY 2024-25
Not reported
4+19% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Sep 2018

Asset finance firm

Asset finance
₹9.17 crFY 2021-22
Not reported
1LinkedIn · Oct 2026
40 yr1986
0none in 3 months

Provider of deposit taking and non-banking financial services to customers

Asset finance
₹10.03 crFY 2024-25
-14%2024–2025
—Not available
37 yr1989
0none in 3 months

Asset finance arm

Asset finance
₹8.77 crFY 2023-24
Not reported
18-5% 12 mo to Mar 2023recorded Mar 2023
96 yr1930
—No postings tracked

Asset finance firm

Asset finance
₹7.73 crFY 2023-24
+30%2023–2024
9LinkedIn · Oct 2026
36 yr1990
0none in 3 months

Diversified NBFI

Consumer and sme loans
₹6.34 crFY 2024-25
+100%2024–2025
—Not available
36 yr1990
0none in 3 months

Provider of financial solutions for commercial and personal vehicle loans

Asset finance
₹5.82 crFY 2024-25
+41%2024–2025
—Not available
16 yr2010
0none in 3 months

Provider of industrial equipment rental and leasing services

Manufacturing tech
₹5.37 crFY 2024-25
+42%2024–2025
3LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of machinery and equipment financing services

Asset finance
₹5.33 crFY 2024-25
+34%2024–2025
8LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of asset leasing and management solutions for various industries

Service providers to banks
₹5.19 crFY 2024-25
Not reported
16LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of financial and investment services including advisory and asset management

Services for investment industry
₹4.12 crFY 2024-25
-67%2024–2025
62LinkedIn · Jul 2026
17 yr2009
0none in 3 months
37 of 102 companies shown here · the full list is on Radar
Fliar Radar

Explore all 102 asset finance companies in India on Radar

This page shows the top 37. Radar has the complete, filterable list with contacts and live company signals.

Open asset finance in India on Radar
  • Every company, not just 50All 102 asset finance companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore asset finance companies in India by what you are looking for

Browse top asset finance companies in India, including NBFC lenders, vehicle and equipment finance providers and leasing firms. See asset finance startups in India and listed asset finance companies.

8 ways to explore asset finance in India

Vehicle & auto loan finance companiesEquipment & machinery finance companiesNBFC lenders & hire purchase companiesLeasing & rental companiesConsumer & SME loan providersListed asset finance companies in India

Vehicle & auto loan finance companies

Lenders financing cars, commercial vehicles and two-wheelers.

  1. IKF Finance

    Commercial vehicle financing company in South India

    Asset finance
    See in list
  2. Mahaveer Finance India

    Provider of automotive loans and asset finance services

    Asset finance
    See in list
  3. NPR Finance

    Three wheeler finance and commercial vehicle refinance

    Asset finance
    Website
  4. Admanum Finance

    Commmercial vehicle finance

    Asset finance
    Website
  5. Key Corp

    Asset finance firm

    Asset finance
    See in list
12 companies in India

Equipment & machinery finance companies

Providers of loans and leases for machinery, construction and industrial equipment.

  1. ORIGA

    Internet first equipment leasing firm

    Asset finance
    See in list
  2. EZLease

    Provider of industrial equipment rental and leasing services

    Manufacturing tech
    See in list
  3. Fingrow Capital

    Provider of machinery and equipment financing services

    Asset finance
    See in list
  4. Capsave Finance

    Provider of equipment leasing and commercial lending solutions

    Asset finance
    Website
  5. Ramchandra Leasing & Finance

    Provider of equipment leasing and financing services

    Auto retail & aftersales
    Website

NBFC lenders & hire purchase companies

Non-banking finance companies offering hire purchase, leasing and loans.

  1. Aseem Infrastructure Finance

    Operator of an infrastructure finance company intended to be playing a transformative role in the growth of Indian infrastructure debt financing. The company offers project life cycle financing and expertise in technical, risk-structuring and asset management and provides a diverse bouquet of financial products and services including project loans and debt capital market instruments, delivering customized infrastructure lending solutions for the infrastructure industry.

    Asset finance
    Website
  2. DCM Financial Services

    DCM Financial Services Ltd is a non-banking finance company. The company provides portfolio services, equipment leasing, hire-purchase services, inter-corporate deposits, and bill discounting services. The Company is engaged in a single segment i.e., Financing Operations viz., inter-corporate deposits and investments.

    Asset finance
    Website
  3. Mehta Housing Finance

    Mehta Housing Finance Ltd is exploring various options to undertake production and trading activities in the food industry.

    Asset finance
    Website
  4. Ayvens

    Provider of full-service leasing, flexible subscription services, and fleet management

    Auto retail & aftersales
    Website
  5. Jindal Leasefin

    Jindal Leasefin Ltd is a non-banking financial company having diversified interests in the financial services sector. The segment consists of equipment leasing/hire purchase finance, loan and investment companies.

    Asset finance
    Website

Leasing & rental companies

Companies offering asset leasing, rental and lease management.

  1. Skootr FinSave

    Provider of equipment leasing management solutions for managed office and workspaces

    Facility management tech
    See in list
  2. EZLease

    Provider of industrial equipment rental and leasing services

    Manufacturing tech
    See in list
  3. Sri Vijayaram Hire Purchase and Leasing Finance

    Diversified NBFI

    Asset finance
    See in list
  4. Ramchandra Leasing & Finance

    Provider of equipment leasing and financing services

    Auto retail & aftersales
    Website
  5. Ayvens

    Provider of full-service leasing, flexible subscription services, and fleet management

    Auto retail & aftersales
    Website

Consumer & SME loan providers

Lenders offering personal, business and SME loans.

  1. Hinduja Leyland Finance

    Real estate financing firm

    Asset finance
    See in list
  2. Sundaram Finance

    Provider of consumer & SME loans and equipment & vehicle leasing services

    Consumer and sme loans
    See in list
  3. Godrej Capital

    Provider of secured and unsecured loans with flexible repayment options

    Asset finance
    See in list
  4. STCI Finance

    Diversified lending NBFI

    Consumer and sme loans
    Website
  5. IKF Finance

    Commercial vehicle financing company in South India

    Asset finance
    See in list

Listed asset finance companies in India

Publicly listed asset finance companies.

  1. L&T Finance

    Provider of vehicle, rural and construction equipment loans

    Consumer and sme loans
    See in list
  2. IKF Finance

    Commercial vehicle financing company in South India

    Asset finance
    See in list
  3. Summit Securities

    Provider of investment finance services

    Asset finance
    See in list
  4. NPR Finance

    Three wheeler finance and commercial vehicle refinance

    Asset finance
    Website
  5. Admanum Finance

    Commmercial vehicle finance

    Asset finance
    Website
30 companies in India

Asset finance startups in India

Newer asset finance companies.

  1. EZLease

    Provider of industrial equipment rental and leasing services

    Manufacturing tech
    See in list
  2. Equiflex

    21st-century steel giant in the making. Autonomous, electric mills turning ore into pure iron

    Asset finance
    See in list
  3. Jade Corporate Advisors

    Online platform offering non-collateral funding, SBLC lease, and SBLC purchase projects

    Asset finance
    See in list
  4. Praxia

    Provider of asset-based financing solutions for businesses

    Asset finance
    Website
  5. Mizuho Capsave Finance

    Provider of leasing and supply chain financing solutions for businesses

    Asset finance
    Website
11 companies in India

Asset finance companies hiring in India

Companies currently recruiting.

  1. L&T Finance

    Provider of vehicle, rural and construction equipment loans

    Consumer and sme loans
    See in list
  2. Hinduja Leyland Finance

    Real estate financing firm

    Asset finance
    See in list
  3. Godrej Capital

    Provider of secured and unsecured loans with flexible repayment options

    Asset finance
    See in list
  4. IKF Finance

    Commercial vehicle financing company in South India

    Asset finance
    See in list
  5. Gromor Finance

    Provider of financial assistance for small business working capital and growth

    Asset finance
    See in list
9 companies in India
Mobile reach

Top 8 asset finance apps from India

The most-installed Android apps published by asset finance companies headquartered in India — 242K installs between them. 8 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 8
6

IRFC Invest

by IRFC

Installs172
Rating—
Last updatedMar 2026
View on Google Play ↗
IRFC Invest screenshot 1IRFC Invest screenshot 2IRFC Invest screenshot 3IRFC Invest screenshot 4IRFC Invest screenshot 5IRFC Invest screenshot 6
The business behind the activity

Asset finance financials in India

Revenue, profit and growth from the filed annual accounts of 27 asset finance companies in India for FY24-25 — 47 of the 102 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 80% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹729.95 cr

27 companies filing accounts

combined net profit₹61.34 cr

8.4% aggregate margin

are profitable62%

16 of 27 companies

median revenue~₹5.4 cr

the typical company

median revenue growth+26%

into FY24-25

earned by the top five80%

revenue concentration

Six-year view

Combined revenue of filing companies

₹443.62 crFY19-2028 filers
₹492.01 crFY20-2129 filers
₹489.96 crFY21-2229 filers
₹775.46 crFY22-2329 filers
₹994.15 crFY23-2430 filers
₹729.95 crFY24-2527 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 24 companies over three years

+44%
FY22-23₹505.41 cr₹35.58 cr net
FY23-24₹620.05 cr₹37.09 cr net
FY24-25₹726.17 cr₹65.73 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr633% profitable
₹1–10 cr1060% profitable
₹10–100 cr978% profitable
₹100–1,000 cr250% profitable
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking8
0–20%4
20–50%5
50–100%5
Doubled+3

25 companies with accounts for both years; median growth +26%.

Profitability

Profit is concentrated at the top

16profitable
10loss-making
8.4%aggregate margin
6.9%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Skootr FinSaveSkootr Finsave Private Limited+236%₹18.74 cr
Devmuni Leasing And FinanceDEVMUNI LEASING AND FINANCE LIMITED
ConnectCONNECT RESIDUARY PRIVATE LIMITED+68%₹91.66 cr
Aarsh FinconAARSH FINCON LIMITED+52%₹24.03 cr
JKDFCJAMMU AND KASHMIR DEVELOPMENT FINANCE CORPORATION LIMITED+31%₹18.11 cr
Mahaveer Finance IndiaMAHAVEER FINANCE INDIA LIMITED+26%₹171.93 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
JKDFCJAMMU AND KASHMIR DEVELOPMENT FINANCE CORPORATION LIMITED56.6%₹18.11 cr
Seyad Shariat FinanceSEYAD SHARIAT FINANCE LIMITED43.5%₹10.03 cr
ConnectCONNECT RESIDUARY PRIVATE LIMITED28.8%₹91.66 cr
PKFPKF FINANCE LIMITED
Skootr FinSaveSkootr Finsave Private Limited14.9%₹18.74 cr
Mahaveer Finance IndiaMAHAVEER FINANCE INDIA LIMITED12.3%₹171.93 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Asset finance17₹432.98 cr~₹5.3 cr53%9.3%
Consumer and sme loans5₹245.45 cr~₹6.3 cr75%2.2%
Leaders

Largest asset finance companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Sakhti FinanceSAKTHI FINANCE LIMITED₹215.20 cr+4%
Mahaveer Finance IndiaMAHAVEER FINANCE INDIA LIMITED₹171.93 cr₹21.10 cr12.3%+26%
ConnectCONNECT RESIDUARY PRIVATE LIMITED₹91.66 cr₹26.42 cr28.8%+68%
Devmuni Leasing And FinanceDEVMUNI LEASING AND FINANCE LIMITED
True Blue Asset ServicesTRUE BLUE ASSET SERVICES PRIVATE LIMITED₹27.33 cr−₹3.06 cr-11.2%-57%
Aarsh FinconAARSH FINCON LIMITED₹24.03 cr₹2.17 cr9.0%+52%
PKFPKF FINANCE LIMITED₹5.02 cr+6%
Skootr FinSaveSkootr Finsave Private Limited₹18.74 cr₹2.79 cr14.9%+236%
JKDFCJAMMU AND KASHMIR DEVELOPMENT FINANCE CORPORATION LIMITED₹18.11 cr₹10.24 cr56.6%+31%
Gromor FinanceGROMOR FINANCE PRIVATE LIMITED₹11.18 cr−₹1.76 cr-15.7%-19%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full asset finance landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the asset finance landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Asset finance funding and M&A across India

29 recorded equity rounds have gone to 112 asset finance companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months2

US$23.17m

raised over five yearsUS$146.14m

11 rounds in India

M&A deals, India12

last 24 months

Capital by year

Equity funding into asset finance in India

amount rounds
$38m20186
$4.6m20192
$26m20203
$2.7m20212
$112m20225
$136k20231
$7.8m20241
$23m20252

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$112.31m across 5 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$61k2 rounds · median US$31k
SeedUS$1.74m4 rounds · median US$203k
Series AUS$2.84m2 rounds · median US$1.42m
Series BUS$7.78m1 rounds · median US$7.78m
Series CUS$133.73m2 rounds · median US$66.86m
Where the money went · five years

Most-funded sub-sectors

Asset financeUS$145.79m8 rounds · 5 companies
Manufacturing techUS$237k2 rounds · 1 companies
Construction techUS$112k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

8Acquisition
3Merger
1Announced

Most active acquirers

  1. TPG consortium3
  2. L&t finance2
  3. Tpg1
  4. Na1
  5. Arval1

Most acquired or merged

  1. Aseem Infrastructure Finance4
  2. Hinduja leyland finance2
  3. Paul merchants finance2
  4. Indian railway finance1
  5. Ayvens1

Each deal appears in the events strip at the top of the page.

Asset finance funding in India

7 asset finance companies in India have recorded equity funding, US$316.94m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind asset finance companies in India. 54 of 102 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India asset finance companies by sub-sector

The most common specialisations among asset finance companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring asset finance in India and nearby markets.

Coming soon