Ajay Ramanathan - Author at VCCircle
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Ajay Ramanathan

Ajay writes on the banking, financial services, and insurance segment. He is keen on analysing the multi-fold impact of any news development, and putting it across in the long-form.

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Bottomline: Warburg-backed Vistaar hit by rising NPAs, credit costs

Finance

10 September, 2025

Bottomline: Warburg-backed Vistaar hit by rising NPAs, credit costs

Vistaar Financial Services, a non-bank lender controlled by private equity firm Warburg Pincus, witnessed a spike in ......

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JM Financial PE takes a haircut from nine-year-old BFSI bet

Finance

09 September, 2025

JM Financial PE takes a haircut from nine-year-old BFSI bet

JM Financial Private Equity, the alternative investment platform of the Nimesh Kampani-founded financial services group......

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WestBridge wraps up exit from decade-old BFSI bet with bumper returns

Finance

04 September, 2025

WestBridge wraps up exit from decade-old BFSI bet with bumper returns

​Homegrown private equity firm WestBridge Capital has scored multibagger returns as it fully exited a company that was......

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Hiranandani Financial taps PE firm for maiden external funding round

Finance

04 September, 2025

Hiranandani Financial taps PE firm for maiden external funding round

Hiranandani Financial Services Pvt Ltd is raising equity capital from a foreign private equity investor for its maiden ......

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Berar Finance cap table set for new names; Amicus may part-exit

Finance

03 September, 2025

Berar Finance cap table set for new names; Amicus may part-exit

Non-banking lender Berar Finance, which is backed by private equity firm Amicus Capital Partners, is looking to raise ......

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Multiples PE-backed Shubham Housing eyes smaller cities and towns to fuel growth

Finance

03 September, 2025

Multiples PE-backed Shubham Housing eyes smaller cities and towns to fuel growth

Shubham Housing Development Finance Company Ltd, which is backed by private equity firms such as Multiples and LeapFrog......

Centrum-backed Modulus Alts closes second India credit opportunities fund

Finance

01 September, 2025

Centrum-backed Modulus Alts closes second India credit opportunities fund

Private credit investor Modus Alternatives has completed the final close of its second India Credit Opportunities Fund (......

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Tiger Global-backed Progcap kicks off FY26 with profitable quarter; AUM shrinks

Finance

01 September, 2025

Tiger Global-backed Progcap kicks off FY26 with profitable quarter; AUM shrinks

Fintech firm Progcap, which is backed by investors such as Tiger Global, Peak XV Partners, and Google has posted a ......

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Universal Sompo Insurance's Sharad Mathur on growth strategy, new product lines and more

Finance

29 August, 2025

Universal Sompo Insurance's Sharad Mathur on growth strategy, new product lines and more

The net profit of Universal Sompo General Insurance rose to nearly Rs 190 crore (around $21.7 million) in the financial ......

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Multiples PE scores part-exit from portfolio firm ahead of sale to continuation fund

Finance

27 August, 2025

Multiples PE scores part-exit from portfolio firm ahead of sale to continuation fund

Renuka Ramnath-led private equity firm Multiples Alternate Asset Management partially exited its stake in a portfolio ......