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
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement