Adani Capital and Adani Housing Finance Rebrand as Tyger Capital and Tyger Home Finance
Adani Capital and Adani Housing Finance Rebrand as Tyger Capital and Tyger Home Finance
In a move to enhance its market presence and expand its reach, Adani Capital and Adani Housing Finance have undergone rebranding, now known as Tyger Capital and Tyger Home Finance. This change comes after Bain Capital, a global private equity powerhouse, acquired a 90% stake in the two entities for approximately Rs 1,440 crore (USD 175 million). The total valuation of the Adani financial services arm is pegged at Rs 1,600 crore.
Strategic Acquisition by Bain Capital
This acquisition marks Bain Capital’s significant entry into India’s non-banking financial company (NBFC) sector. Bain’s investment includes an additional Rs 983 crore as primary capital to fuel growth, alongside a liquidity boost of Rs 409 crore through Non-Convertible Debentures (NCDs). With this capital infusion, Tyger Capital and Tyger Home Finance are set to target expansion, particularly in underserved markets like micro, small, and medium enterprises (MSMEs), agriculture, and affordable housing.
Continuity in Leadership
Gaurav Gupta, the Managing Director and CEO of the rebranded companies, will continue to lead the organization. Gupta’s leadership has been instrumental in building a solid lending business that focuses on supporting entrepreneurship and addressing the unmet retail MSME credit demand in India, which is estimated to exceed $300 billion.
Focus on Underserved Markets
Established in 2017, Adani Capital swiftly grew its assets under management (AUM) to nearly USD 500 million. The company has built a strong network of over 170 branches across eight states and employs more than 2,500 professionals. Its core mission has been to democratize access to affordable credit, particularly for MSMEs and first-time homebuyers in semi-urban and rural areas.
Why the Rebranding?
The switch to Tyger Capital and Tyger Home Finance represents a fresh chapter under Bain Capital’s stewardship. The new brand names are meant to reflect a more dynamic, forward-thinking approach to growth, positioning the company to connect with a broader audience while adopting a more agile strategy moving forward.
Implications for the Adani Group
For the Adani Group, this divestment is in line with its broader strategy to concentrate on core infrastructure projects and reduce debt. The group is currently involved in several major projects, including the Navi Mumbai airport and the Ganga Expressway, while also looking to raise capital through qualified institutional placements (QIPs).
Future Growth and Opportunities
With Bain Capital’s strong financial backing, Tyger Capital and Tyger Home Finance are poised for significant expansion. Their focus will remain on providing accessible financial solutions to underbanked populations in India, with a push towards utilizing technology to improve financial literacy and inclusion.
Conclusion
The rebranding of Adani Capital and Adani Housing Finance to Tyger Capital and Tyger Home Finance, along with Bain Capital’s investment, marks the beginning of a transformative era for these entities. This strategic shift is geared towards expanding financial access and driving growth in underserved markets. Bain Capital’s confidence in India’s NBFC sector and the emphasis on financial inclusion underline the importance of these moves in fostering broader economic development.
