TR Capital invests in Arohan Financial Services via a Secondary Direct transaction by buying out 2 existing shareholders: Aavishkaar Group and TIPEF2
TR Capital is pleased to announce it has closed the sixth investment of TR Capital III, L.P. by making a secondary direct investment in Arohan Financial Services Private Limited (“Arohan”). Arohan Financial Services Pvt Ltd. is a NBFC-MFI (Non-Banking Finance Company - Micro Finance Institution) providing loans in Low-Income States: Micro Credit, Micro Enterprise Loans, Micro Pension and Micro Insurance.
Headquartered in Kolkata (Calcutta), West Bengal, it operates in 9 Low Income States (LIS) and will grow to 10 in 2018. As of December, 2017, it manages 435 branches, has over 3,000 employees, deals with 1m active customers and has INR 15,367m (USD 240m) Assets Under Management (AUM).
TR Capital III, L.P. acquired the Arohan shares from Aavishkaar Group and Tano India Fund II.