Entered into MFI lending
Our first microfinance securitization transaction
Arranged and structured India’s first multi-originator microfinance securitisation transaction.
Our first placement of a microfinance securitisation with private wealth investors
Launch of the partial guarantee programme with ADB
Completed India’s first listed securitisation of microfinance loans, with underlying loan receivables originated by 8 NBFCs
Credit Rating upgraded to A1+ / A+
Raised equity from Leapfrog
Our first pooled bond issuance (11 issuers, 10 of which were MFIs)
SEBI registration for NAIM’s first AIF
Arranged our first ECB transaction for an MFI client
Started retail lending and Mid-market Corporate lending
Raised equity from Standard Chartered Private Equity (now Affirma Capital) and Eight Roads
Launched our first PLI and our first SPiCE™ bond
Accorded ‘Impact Business Models Rating – Platinum’ by GIIRS Ratings
Rebranded to Northern Arc Capital
Our first PERSEC™
First successful exit for investors of an AIF managed by NAIM
Structured and arranged dual-recourse debentures for the first time
Equity raise from IIFL Funds and SMBC
Completed Rs.10 billion of retail disbursements through Nimbus; commenced retail microfinance loans
India’s first securitisation transaction involving trade receivables
Incorporation of Pragati Finserv Pvt. Ltd. for offering small ticket loans
