SMFG India Credit Secures Major Investment from Japanese Parent for Expansion
Japanese parent company Sumitomo Mitsui Financial Group has invested Rs 1,075 crore in its subsidiary, SMFG India Credit, to bolster its expansion in India. This follows a Rs 4,300 crore investment in FY25, and aligns with the company's growth strategy. SMFG India Credit has seen a rise in assets and disbursements.
- Country:
- India
On Friday, non-bank lender SMFG India Credit revealed a substantial financial endorsement from its Japanese parent, Sumitomo Mitsui Financial Group, with an Rs 1,075 crore investment aimed at supporting the firm's expansion across India.
This strategic maneuver comes via a rights issue, reinforcing the group's steadfast dedication to the Indian market. In the fiscal year 2025, Sumitomo Mitsui Financial Group had invested a remarkable Rs 4,300 crore in its subsidiary over two tranches.
SMFG India Credit, under the leadership of Managing Director and CEO Ravi Narayanan, is poised for its next growth phase, with a 21% increase in assets under management and disbursement growth of 29% reported at the end of December 2025.
(With inputs from agencies.)
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