Ananya Birla’s Svatantra is ready to ask for ₹3,000 cr

Kolkata - Svatantra Microfin, India's second-largest microfinance company, has filed a draft prospectus with the Securities & Exchange Board of India (SEBI) for an initial public offering (IPO) valued at Rs 3,000 crore. Established by Ananya Birla, daughter of billionaire Kumar Mangalam Birla, the company plans to issue shares valued at Rs 1,500 crore and include an offer for sale (OFS) worth another Rs 1,500 crore from existing investors like Advent International and Multiples.

Existing investors anticipate selling around 70% of their holdings in the microfinance lender, with Advent holding a 28% stake through Violicina and Multiples holding 11.45% through three private equity funds. Ananya Birla has a 26.48% direct ownership stake, while her firm Antimatter Media holds 33.49%. Svatantra currently ranks second among non-banking financial company-microfinance institutions (NBFC-MFIs) in terms of assets under management (AUM), totaling Rs 21,093 crore as of March 31, 2026, second to CreditAccess Grameen's portfolio of Rs 30,319 crore.

The company's market share in total AUM has grown to 6.37% by the end of March, following the merger of Chaitanya India Fin Credit into Svatantra on March 21, 2026. The company's portfolio primarily consists of microfinance loans, secured lending products such as affordable housing finance, and property loans via its subsidiary, Svatantra Micro Housing Finance Corporation.