Company Directory - Avanse Financial Services
Company Details - Avanse Financial Services
Avanse Financial Services
Avanse Financial Services is a financial services company specializing in education loans, helping students finance their higher education needs, both in India and abroad. The company provides customized education loan solutions and aims to make education accessible for all.
CCI Score
CCI Score: Avanse Financial Services
50.13
-0.01%
Latest Event
Avanse Financial Services Secures Funding for Progressive Expansion in Education Financing
On March 28, 2024, Avanse Financial Services secured ₹1,000 crore in fresh capital, a move set to drive expansion in education financing. The funding is expected to boost technological enhancements, streamline the loan process, and expand the company’s reach to underserved communities, aligning with a mission of increasing access to quality education.
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LEADER
Avanse Financial Services is currently rated as a Leader.
Latest Events
- MAR282024
On March 28, 2024, Avanse Financial Services secured ₹1,000 crore in fresh capital, a move set to drive expansion in education financing. The funding is expected to boost technological enhancements, streamline the loan process, and expand the company’s reach to underserved communities, aligning with a mission of increasing access to quality education.
+80
Business Practices and Ethical Responsibility
June 8
The secured funding is set to bolster business practices by expanding access to education financing for marginalized groups through improved services and social initiatives. This aligns with ethical responsibility in ensuring education is accessible irrespective of socio-economic background.
Avanse Financial Services Secures ₹1,000 Crore Funding to Propel Education Financing Mission
+70
Technology and Services Impact
June 8
The funding round includes plans to invest in technology, including the development of mobile applications and online platforms to streamline the loan process. This technological focus is a progressive step towards increasing accessibility and efficiency for marginalized students.
Avanse Financial Services Secures ₹1,000 Crore Funding to Propel Education Financing Mission
+75
Economic and Structural Influence
June 8
The large capital infusion significantly strengthens Avanse’s economic standing, enabling structural growth and increased market share in education financing. This improved economic influence supports broader societal benefits by promoting educational accessibility.
Avanse Financial Services Secures ₹1,000 Crore Funding to Propel Education Financing Mission
- OCT162023
Avanse Financial Services finalized a syndicated social-linked External Commercial Borrowing (ECB) facility of USD 145 million to support education financing. The funds will be disbursed in tranches following agreed guidelines, and the company's MD & CEO emphasized a holistic view on social impact over short-term financial performance.
+70
Business Practices and Ethical Responsibility
June 8
The secured $145 million ECB, described as a 'social-linked' transaction, highlights Avanse Financial Services' commitment to social responsibility by channeling funds towards education. The MD & CEO’s emphasis on holistic societal impact suggests proactive ethical business practices that contribute positively to community development.
Avanse Financial Services secures $145 million ECB for education financing
- MAR022022
Avanse Financial Services appointed Amit Gainda as the new MD and CEO effective 02 March 2022. Gainda, who joined the company in 2017, has been credited with transforming the organization into a customer-centric and digitally agile NBFC, and his elevation is expected to further democratize education financing.
+30
Business Practices and Ethical Responsibility
June 8
The leadership change reinforces a progressive business direction as the new MD & CEO emphasizes democratizing education and enhancing stakeholder value. This strong commitment to customer-centric and inclusive practices aligns with ethical business responsibilities and advances social equity, countering authoritarian tendencies in corporate governance.
Amit Gainda Elevated As MD And CEO Of Avanse Financial Services
- DEC202021
Avanse Financial Services, the education-focused NBFC, has strengthened its corporate responsibility efforts by partnering with Samarthanam Trust. The initiative, which includes distributing tablets and providing additional support to underprivileged and differently-abled students, aims to bridge the digital divide in education and promote an inclusive society.
+75
Business Practices and Ethical Responsibility
June 8
The CSR initiative underscores Avanse Financial Services' commitment to social responsibility and inclusion. By partnering with Samarthanam Trust to distribute digital tools and support educational access for marginalized groups, the company promotes progressive values and counters exclusionary practices. This positive step enhances its profile as a socially responsible organization, contributing to fair and accessible education.
Avanse Financial Services Strengthens its Corporate Responsibility Ties with Samarthanam Trust
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