Usha Financial Raises Capital to Support MSME and EV Loans

Usha Financial, one of India’s leading Non-Banking Financial Companies (NBFCs), has successfully raised ₹100 Million through the private placement of secured, non-convertible debentures (NCDs) from individual and corporate investors.

The NCDs are secured by book debts and carry a coupon rate of 12% per annum, payable monthly over a period of four years. A debenture trustee has been appointed to safeguard investor interests and ensure regulatory compliance throughout the tenure.

These raised funds will be used to bolster the company’s lending capacity and support ongoing business expansion.

“This fund raise aligns with our strategy to deepen our presence in core lending segments while maintaining strong asset quality and operational efficiency,” said Mrs. Geeta Goswami, CEO of Usha Financial. “We see growing demand in the MSME and EV borrower space, and this funding will help us respond to that demand more effectively.”

While the company did not disclose specific investor names, the issue drew participation from both high-net-worth individuals and corporate investors, reflecting strong confidence in Usha Financial’s growth and performance.

Founded with a mission to promote financial inclusion, Usha Financial provides customized lending solutions to underserved individuals and small businesses across India. The company continues to expand its reach with a focus on responsible lending and sustainable growth.