The journey begins in a small 10-seater office at the IFMR Business School in Chennai
First microfinance securitization transaction placed with a bank investor.
First multioriginator securitization - MOSECTM launched.
First of its kind ADB partial guarantee program launched.
First pool bond issuance.
First external equity round – LeapFrog inducted as a shareholder.
First ECB raised for microfinance.
Second external equity round – Eight Roads and Standard Chartered Private Equity inducted as shareholders.
First Pooled Loan Issuance Product launched.
First Single Issuer Partially Credit Enhanced (SPiCETM) Bond.
Rebranded as “Northern Arc Capital” to reflect the evolution of the business and the inspiration behind our journey.
First ever persistent securitisation transaction carried out in India (under the 2012 RBI guidelines).
First ever covered bond transaction in India.
Third external equity round – IIFL
Strategic investment by SMBC
Crossed 1 lakh retail loans through co-origination
Commencement of direct lending to Micro Finance borrowers through DO platform.
First trade receivables securitisation for India.
Received commitments for the first offshore fund.
Received commitment from DFC for debt capital funding.