Credit Saison India Secures $500 Million for Expansion
Credit Saison India ties up $500 million external financing
The Economic TimesImage: The Economic Times
Credit Saison India, a non-bank lender based in Mumbai, has successfully raised $500 million (approximately ₹4,830 crore) through its largest external commercial borrowing. This funding will enhance its micro, small, and medium enterprises (MSME) and secured lending portfolio, supporting the company's growth strategy as it aims to expand its branch network significantly.
- 01Credit Saison India's loan book reached ₹23,000 crore as of March 2026.
- 02The company has achieved annual loan book growth of 25-30% over the past two to three years.
- 03The funds will be drawn down in multiple tranches over the coming months.
- 04Credit Saison operates around 100 branches and plans to increase this number to about 150 by March 2027.
- 05The participation included six lenders: Asian Development Bank, Axis Bank, CTBC Bank, DBS Bank, Mizuho Bank, and State Bank of India.
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Credit Saison India, a Mumbai-based non-bank lender, has raised $500 million (approximately ₹4,830 crore) through its largest-ever external commercial borrowing in a multi-currency syndicated transaction. This funding round saw participation from six prominent lenders, including the Asian Development Bank and State Bank of India. The funds will primarily be utilized to expand the company's portfolio in micro, small, and medium enterprises (MSME) and secured lending. Presha Paragash, the CEO of Credit Saison India, noted that this fundraising effort has brought their total external commercial borrowing (ECB) to nearly $1.1 billion for the fiscal year 2026. The company has reported an impressive annual loan book growth of 25-30% over the past few years, with a current loan book standing at ₹23,000 crore. Credit Saison operates approximately 100 branches and plans to increase this network to around 150 branches by March 2027. The commercial terms for this borrowing were finalized prior to the recent conflict in West Asia, and the funds will be drawn down in multiple tranches over the upcoming months.
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This funding will enable Credit Saison India to enhance its lending capabilities, particularly in the MSME sector, which is crucial for economic growth and job creation in India.
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