Dhruva Capital To Merge With Vector Finance
ECONOMY & POLICY

Dhruva Capital To Merge With Vector Finance

Dhruva Capital Services Limited, a non-banking financial company (NBFC) engaged in investment and financing, has announced a strategic merger with Vector Finance Private Limited, marking its foray into the microfinance business. Currently, Dhruva offers business loans, loans against property, vehicle and equipment finance, invoice discounting, and construction finance.
The board of Dhruva Capital has approved the merger, which will be subject to approvals from the National Company Law Tribunal and other competent authorities, along with shareholder and creditor consent.
Vector Finance, with Assets under Management (AUM) of Rs 3.9 billion as of 31 March 2025, operates across six states, mainly in eastern and north-eastern India. In FY25, it disbursed Rs 2.2 billion to 43,274 customers, while its revenue from operations stood at Rs 271.6 million.
Rahul Johri, Chairman of Vector Finance and a veteran banker with over three decades of experience at Bandhan Bank, DBS Bank, Standard Chartered, and Barclays, said the merger would create synergies, lower borrowing costs, provide access to additional capital, and expand the product suite. “This integration will strengthen our ability to serve customers, enhance operational efficiency, and deliver affordable finance,” he added.
Shreeram Bagla, Managing Director of Dhruva Capital, described the deal as a milestone in the company’s growth journey. “By combining our expertise with Vector’s strong grassroots presence, we aim to drive inclusive growth, empower underserved communities, and expand into underpenetrated markets,” he said.
According to SIDBI data, the Indian microfinance industry had an outstanding portfolio of Rs 33.5 trillion as of 31 March 2025, with 111 million active loans. NBFC-MFIs contributed the largest share. 

Dhruva Capital Services Limited, a non-banking financial company (NBFC) engaged in investment and financing, has announced a strategic merger with Vector Finance Private Limited, marking its foray into the microfinance business. Currently, Dhruva offers business loans, loans against property, vehicle and equipment finance, invoice discounting, and construction finance.The board of Dhruva Capital has approved the merger, which will be subject to approvals from the National Company Law Tribunal and other competent authorities, along with shareholder and creditor consent.Vector Finance, with Assets under Management (AUM) of Rs 3.9 billion as of 31 March 2025, operates across six states, mainly in eastern and north-eastern India. In FY25, it disbursed Rs 2.2 billion to 43,274 customers, while its revenue from operations stood at Rs 271.6 million.Rahul Johri, Chairman of Vector Finance and a veteran banker with over three decades of experience at Bandhan Bank, DBS Bank, Standard Chartered, and Barclays, said the merger would create synergies, lower borrowing costs, provide access to additional capital, and expand the product suite. “This integration will strengthen our ability to serve customers, enhance operational efficiency, and deliver affordable finance,” he added.Shreeram Bagla, Managing Director of Dhruva Capital, described the deal as a milestone in the company’s growth journey. “By combining our expertise with Vector’s strong grassroots presence, we aim to drive inclusive growth, empower underserved communities, and expand into underpenetrated markets,” he said.According to SIDBI data, the Indian microfinance industry had an outstanding portfolio of Rs 33.5 trillion as of 31 March 2025, with 111 million active loans. NBFC-MFIs contributed the largest share. 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code