Avendus Finance eyes Rs 20 bn lending from NBFC business this year

Avendus Finance, the non-banking finance company (NBFC) from the stable of KKR-backed Avendus Capital, is set to increase its lending portfolio to Rs 20 billion by the end of this financial year. 

It is also eyeing a five-fold rise in its overall asset base to Rs 100 billion in the next five years. The structured finance provider, which offers customised financing solutions in the form of growth capital, funds for acquisition, pre-IPO financing and project funding, among others, is also planning to enter the credit-starved small and medium enterprises (SME) segment in the near future.

“Our plan is to end this financial