SMFG India Credit Gets Rs 1,075 Cr Boost

Mumbai, Apr 24 (PTI) Non-bank lender SMFG India Credit on Friday announced that its Japanese parent has invested another Rs 1,075 crore to help it expand in the country.

The investment has been done by Sumitomo Mitsui Financial Group in the whollyowned subsidiary through a rights issue, the company said in a statement.

This should be seen as a reinforcement of the group's long-term commitment to the Indian market, the statement said.

In FY25, the parent had invested a record Rs 4,300 crore in two tranches. Apart from the investment in the NBFC, the group has also invested USD 2.7 billion for a nearly 25 per cent stake to emerge as the biggest shareholder in private YES Bank.


SMFG India Credit's Managing Director and Chief Executive Ravi Narayanan said the company is entering its next phase of growth and the fund infusion reinforces its strategy and execution strength.

"We remain focused on delivering sustainable, predictable, and non-volatile growth through superior execution and agility," he added.

The NBFC had witnessed a 21 per cent increase in the assets under management to Rs 64,100 crore as of December 31, 2025, the statement said, adding that the disbursements have grown 29 per cent to Rs 39,500 crore between April-December 2025.

Present in over 670 towns through 1,000 branches, the NBFC is engaged in SME financing, commercial vehicle and two-wheeler loans, home loans, home improvement loans, loans against property and shares, personal loans, and rural livelihood advancement loans.