In a strategic move aimed at redefining its market presence and expanding its business reach, Adani Capital and Adani Housing Finance have been rebranded as Tyger Capital and Tyger Home Finance. This rebranding follows Bain Capital’s acquisition of a 90% stake in the two entities for approximately Rs 1,440 crore (USD 175 million). The total valuation of the Adani financial services business stands at Rs 1,600 crore, positioning the company for significant growth and transformation.

Bain Capital’s Strategic Acquisition

The acquisition of Adani Capital and Adani Housing Finance by Bain Capital marks the private equity firm’s major entry into India’s non-banking financial company (NBFC) sector. Bain Capital’s investment includes Rs 983 crore as primary capital to fuel future growth, and an additional Rs 409 crore as a liquidity line in the form of Non-Convertible Debentures (NCDs). This financial injection is intended to boost Tyger Capital and Tyger Home Finance, allowing them to expand their services into key sectors like micro, small, and medium enterprises (MSMEs), agriculture, and affordable housing.

Leadership and Vision

Gaurav Gupta, Managing Director and CEO, will continue to lead Tyger Capital and Tyger Home Finance, ensuring a seamless transition post-rebranding. His leadership has been crucial in building a strong lending portfolio for the company, especially in addressing the significant credit demand for MSMEs in India. This demand exceeds $300 billion, a critical gap that Tyger Capital aims to bridge under Gupta’s guidance.

Expanding Reach into Underserved Markets

Since its founding in 2017, Adani Capital has grown its assets under management (AUM) to nearly USD 500 million, establishing a strong presence with over 170 branches across eight states. The company employs more than 2,500 professionals, focusing on providing financial solutions to underserved markets, particularly MSMEs and first-time homeowners in semi-urban and rural India. The rebranding of Adani Capital and Adani Housing Finance as Tyger Capital and Tyger Home Finance reflects the company’s renewed commitment to democratizing access to credit for these crucial segments.

Rationale Behind Rebranding

The shift to Tyger Capital and Tyger Home Finance signals a new era for the company, aligning with Bain Capital’s strategic objectives. The rebranding aims to resonate more effectively with a wider audience and reflects the dynamic, innovative approach the company is adopting under its new ownership.

Broader Impact on the Adani Group

For the Adani Group, this divestment aligns with its broader strategy of focusing on core infrastructure projects while reducing debt. Current projects include the Navi Mumbai airport and the Ganga Expressway, both of which require substantial capital. The divestment of its financial services arm allows the group to streamline its focus while pursuing large-scale infrastructure initiatives.

Future Outlook

With Bain Capital’s substantial financial backing, Tyger Capital and Tyger Home Finance are well-positioned for rapid expansion. Their focus will remain on providing affordable financial solutions to underserved populations, particularly in the MSME and housing sectors. Leveraging advanced technology will be key in improving financial literacy and inclusion across these markets.

In conclusion, the rebranding of Adani Capital and Adani Housing Finance as Tyger Capital and Tyger Home Finance, coupled with Bain Capital’s investment, marks a pivotal moment for the company’s growth. This strategic move will enhance financial inclusion in underserved markets, while also highlighting the increasing confidence of global investors in India’s NBFC sector.