Hiranandani Financial Services (HFS), a Non‑Banking Financial Company (NBFC) focused on empowering micro and small‑business entrepreneurs, announced its maiden external equity fundraise of ₹800 crore (approximately US$91.5 million).
As part of the transaction, funds managed by Vitruvian Partners, a global investment firm that backs high-growth companies, invested through Vitruvian’s Singapore platform and acquired a minority stake in HFS.
The funds raised will be used to strengthen its presence in India’s MSME financing sector, expand its footprint across underserved Tier III and Tier IV markets, deepen secured lending, and fund continued investments in technology and talent.
HFS, backed by House of Hiranandani, will expand its footprint across India’s underserved Tier III and Tier IV markets and deepen its secured lending capabilities. This fresh infusion of capital will accelerate the company’s loan disbursements, drive technology investments, and scale its presence in high‑potential MSME clusters.
Founded in 2005 by Harsh Hiranandani, HFS is a forward-thinking NBFC committed to empowering the growth of micro and small enterprises in India. The company offers loans for commercial property and secured loans using property or assets as collateral. Businesses served include manufacturing, retail, kirana, services, and trading.
Alongside a direct-to-customer model, Hiranandani Financial Services leverages data from multiple sources, automated credit rule engines, mobile-first assisted onboarding, and real-time KYC to underwrite borrowers quickly and efficiently. Its hybrid credit assessment model blends cutting-edge technology with traditional field-level risk checks, enabling a faster turnaround while retaining a strong focus on asset quality.
Harsh Hiranandani, Founder of Hiranandani Financial Services, said, “This investment is a strong validation of our mission to empower India’s small entrepreneurs with quick, reliable and tech-driven credit access. It advances our journey to build one of India’s most trusted NBFC platforms for MSMEs.”
Uday Suvarna, Chief Executive Officer, Hiranandani Financial Services, said, “We already have a strong promoter in House of Hiranandani and are excited to now have a global investment firm like Vitruvian Partners backing us. The credit gap in micro and small enterprises is large, and this fundraise will help us accelerate our journey and expand our reach to support more small businesses in their growth.”
Kartikeya Kaji, who leads Vitruvian’s India investing team, said, “Hiranandani Financial Services has built an impressive foundation with a deep understanding of India’s fast-growing MSME segment. The company’s hybrid model, combining an on-the-ground presence with a strong digital technology stack, has proven both scalable and resilient. We believe HFS is well-positioned to bridge the financing gap for small entrepreneurs, and we are excited to partner with them on this transformative growth journey.”
