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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PE-backed SK Finance taps offshore investor for capital ahead of planned IPO

Finance

22 July, 2025

PE-backed SK Finance taps offshore investor for capital ahead of planned IPO

SK Finance Ltd, a non-bank lender which counts private equity firms TPG and Motilal Oswal Alternates as its shareholders......

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Bottomline: Incofin-backed Arthan Finance targets profitability amid expansion push

Finance

22 July, 2025

Bottomline: Incofin-backed Arthan Finance targets profitability amid expansion push

Mumbai-based Arthan Finance is likely to have remained in the red for the seventh consecutive year in FY25, with net ......

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TVS Capital, Ranjan Pai-backed Finnable looks to bring new investor on board

Finance

17 July, 2025

TVS Capital, Ranjan Pai-backed Finnable looks to bring new investor on board

Non-banking financial company Finnable Credit, which raised equity earlier this year, is gearing up for another ......

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Incofin-backed Mufin Green Finance taps offshore investor

Finance

15 July, 2025

Incofin-backed Mufin Green Finance taps offshore investor

Mufin Green Finance, which is backed by Belgium-based Incofin India Progress Fund and counts Lighthouse Canton as an ......

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Gold-loan NBFC Indel Money scouts for first external institutional investor

Finance

15 July, 2025

Gold-loan NBFC Indel Money scouts for first external institutional investor

Gold loan-focussed Indel Money is on the lookout to raise equity funding and get an external investor on its captable, ......

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Bottomline: Eversource-backed Ecofy grapples with high opex, rising bad loans

Finance

11 July, 2025

Bottomline: Eversource-backed Ecofy grapples with high opex, rising bad loans

Ecofy Finance, a green-focused non-bank lender backed by Eversource Capital, is facing early-stage growing pains as it ......

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PE-backed Kanakadurga Finance's fundraising plan gathers pace, eyes bigger cheque

Finance

07 July, 2025

PE-backed Kanakadurga Finance's fundraising plan gathers pace, eyes bigger cheque

Kanakadurga Finance Ltd, a non-bank lender that counts mid-market private equity firm BanyanTree as an investor, is ......

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Maj Invest, BII-backed Namdev Finvest returns to fundraising mode

Finance

02 July, 2025

Maj Invest, BII-backed Namdev Finvest returns to fundraising mode

Jaipur-based Namdev Finvest, which is backed by private equity firm Maj Invest and development finance institution ......

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PE-backed NeoGrowth eyes fresh funding to accelerate growth

Finance

30 June, 2025

PE-backed NeoGrowth eyes fresh funding to accelerate growth

NeoGrowth Credit, a non-bank lender backed by several impact investors and private equity firms, is seeking a fresh ......

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Former Goldman Sachs' exec-led Protium Finance taps offshore investor

Finance

23 June, 2025

Former Goldman Sachs' exec-led Protium Finance taps offshore investor

Non-bank lender Protium Finance Ltd has reached out to an offshore investor to raise funding that it intends to use ......