The investment is expected to support the company’s financing and microde financing initiatives, particularly aimed at rural India. | Photo credit: Istock
NAVYUG GLOBAL VENTURES, directed by the series in series Nikhil Chandan, has announced an investment of ₹ 16 million rupees in the non -banking financial company (NBFC) based in Chennai (NBFC) Shrinithi Private LTD Capital.
The investment is expected to support the company’s financing and microde financing initiatives, particularly aimed at rural India.
Navyug also committed an additional 10 million rupees in the first quarter of fiscal year 2025–26 to further strengthen the loan operations of capital Shrinithi and push their expansion to financing and financing segments EV of green mobility.
This collaboration will facilitate us to penetrate deeper markets, access technology and acquire new businesses in green mobility, auto and advance taxis, and other new markets, said Sellamani Srinivasan, CEO and director-shrinithi capital.
According to a statement, new funds are expected to reinforce loan infrastructure, geographical scope and personalized financial products of the company for sectors such as electrical mobility.
Shrinithi Capital, which operates more than 50 branches with more than 600 employees in the field, provides credit access to small businesses, commercial fleet operators and rural entrepreneurs.
“Its disciplined approach for rural loans and the growing approach to the evolution of the reflections where the future is directed. This investment, as well as the previous commitment in the taxi in the shared mobility space, reinforces our commitment to support the sunrise,” said Global Ventures.
Posted on April 15, 2025