Acquisition of 100% shareholding in our Company by IFMR Trust

Commenced our operations as a platform catering to diverse credit requirements

Entered the microfinance sector

Undertook the country’s first microfinance securitization transaction to enable funding to a microfinance institution.

Arranged and structured India’s first pooled multi-originator securitisation transaction (MOSECR) which enabled funding to four Originator Partners operating in the microfinance sector.

Completed our first placement of a microfinance securitisation with private individual investor

Entered the MSME finance sector

Approved as a partner- financial institution by the Asian Development Bank to enable partial-guarantee backed lending to Indian MFIs. Through the partnership, total loans of INR 8.93 billion under this program have been facilitated to ADB-approved MFIs

Launch of the partial guarantee programme with ADB

Entered the vehicle finance and affordable housing finance sectors

Completed India’s first listed securitisation of microfinance loans, which enabled funding to eight Originator Partners operating in the microfinance sector.

Credit Rating of commercial paper programme upgraded to A1+ and credit rating of long term bank facilities, non-convertible debentures, and subordinated debt upgraded to A+

Raised equity from LeapFrog, Financial Inclusion India Holdings Ltd, a subsidiary of LeapFrog Financial Inclusion Fund II, LP, which is a fund focused on financial inclusion in emerging markets

Structured and arranged our first pooled bond issuance, which enabled funding to 10 Originator Partners operating in the microfinance sector and one Originator Partner operating in education finance sector.

Arranged our first ECB transaction for an Originator Partner in the microfinance sector

Entered the agricultural supply chain finance sector

Obtained a trademark registration for “MOSECR”

Raised equity from Standard Chartered Bank (entire shareholding of Standard Chartered Bank was transferred to Augusta in December, 2019) and Eight Roads

Expanded our platform with commencement of retail business

Expanded our platform with commencement of business with mid-market companies

Structured and arranged the country’s first pooled loan issuance product which enabled funding to eight Originator Partners operating across microfinance, vehicle finance and MSME finance sectors

Structured and arranged the country’s first single issuer partial credit enhanced (SPiCE) bond which enabled funding to an Originator Partner operating in the vehicle finance sector

Structured the country’s first collateralised loan obligation transaction which enabled us to securitise receivables from a select pool of term loans advanced by us to four Originator Partners operating in the microfinance and MSME finance sectors.

Name changed to Northern Arc Capital Limited

Undertook our first persistent securitization transaction which was also India’s first vehicle loan backed securitisation transaction with replenishing structure. This transaction enabled funding to an Originator Partner operating in the vehicle finance sector.

Accorded ‘Impact Business Models Rating - Platinum’ rating by GIIRS Ratings for our socially and environmentally focussed products for a second time

Underwent reorganization pursuant to the Scheme and became a company without any identifiable promoters

Entered the consumer finance sector

Facilitated the first successful exit for investors of an AIF managed by NAIM.

Structured and arranged the country’s first issuance of dual-recourse debentures which enabled funding to an Originator Partner operating in the vehicle finance sector.

Completed equity raise from IIFL Funds and strategic investment by SMBC, a global systemically important bank

Commenced disbursement of microfinance loans under our retail business through Nimbus

Completed disbursement of 100,000 retail loans in the financial year ended March 31, 2020

Arranged and structured India’s first securitisation transaction involving trade receivables which enabled funding to 10 vendors

Shortlisted by NABARD to act as co-guarantor under the “Structured Finance and Partial Credit Guarantee Program to NBFC-MFIs”

Case study on the Company included in the report on ‘Social Stock Exchanges’ published by a working group constituted by SEBI

Completed disbursement of retail loans of an aggregate amount of ?10 billion through Nimbus in the financial year ended March 31, 2021

Obtained debt funding from USDFC and ADB

Entered into a project services agreement with a global development institution for collaboration on gender advisory programme

Incorporation of Pragati with the aim of offering small ticket loans to underserved rural and semi-urban areas of the country

Launched AltiFi, a retail investment platform that democratizes debt securities for investment opportunities to retail individuals and corporates

Acquisition of business of S.M.I.L.E. Microfinance Limited, along with its loan portfolio of ?3,180.00 million and 144 branches

Registration of Northern Arc Emerging Corporates Bond Trust

Launch of supply chain financing, education loan and MSME loan against property business

Partnership with a public sector bank in relation to access to our Company’s nPOS platform

Appointment of Ashish Mehrotra as the Managing Director and Chief Financial Officer

Achieved INR 100,000 million assets under management

Launch of NuScore

Launched subscription to public issuances of bonds on Altifi

Expanded our direct presence to 10 of 28 states with approximately 250 branches across India

Collaboration with a bank for nPOS platform utilization

Raised over INR 1.50 trillion in funding for our clients through our platform]