Saarathi Finance and Credit Private Limited (SFCPL) has been assigned an ‘A- (Stable)’ long-term credit rating by ICRA, along with an ‘A2+’ rating for its commercial paper programme.
Achieving an ‘A-’ rating within its first year of operations highlights Saarathi Finance’s strong business model, healthy capitalisation, and backing from high-quality investors. The rating follows the company’s first equity funding round of approximately Rs 477 crore in May 2025, supported by investors including TVS Capital, Lok Capital, Evolvence Equity Partners, and Paragon Partners. Founder Vivek Bansal holds a 49 per cent stake, while institutional investors own around 35.5 per cent, reflecting strong alignment between management and capital partners.
ICRA’s assessment also recognises the depth and experience of Saarathi Finance’s leadership team, the rapid build-out of its operating infrastructure, and its disciplined approach to risk management and underwriting.
Founded in 2024 by banking and financial services veteran Vivek Bansal, Saarathi Finance commenced lending operations in April 2025 with a focus on MSMEs in semi-urban and rural India. As of 31 December 2025, the company reported assets under management of approximately Rs 280 crore, largely comprising secured business loans backed by mortgage, with a calibrated approach to unsecured lending over the medium term. The NBFC has established 62 branches across six states, Uttar Pradesh, Rajasthan, Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu.
Commenting on the milestone, Vivek Bansal, Founder and CEO, Saarathi Finance, said the rating validates the company’s vision, governance, and execution capabilities, and reflects stakeholder confidence in its strategy to build a high-quality MSME lending franchise.
With strong capital backing, prudent risk management, and a focus on underserved entrepreneurs, Saarathi Finance is positioned to scale responsibly while advancing financial inclusion for small businesses across Bharat.
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