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
Maturity of Northern Arc Investment Manager’s credit fund, which delivered higher returns to investors than targeted.
Commencement of direct lending to Micro Finance borrowers through the Direct Origination platform.
Crossed INR 1,000 crore of disbursements to SME and individual end customers through Direct Origination platform.