Dia Vikas Capital, a Subsidiary of Alternative Worldwide Australia Makes its Exit from SATYA MicroCapital

Dia Vikas Capital, a Subsidiary of Alternative Worldwide Australia Makes its Exit from SATYA MicroCapital

He Vikas Capital Pvt. Ltd., the India primarily based subsidiary of Alternative Worldwide Australia Restricted has exited from the RBI registered NBFC-MFI SATYA MicroCapital Ltd. He was the preliminary institutional investor in SATYA. The partnership lasted for five years, throughout which SATYA obtained fairness infusion from Dia in three tranches.

It’s also prudent to say right here that at current, SATYA is on the cusp of its enlargement with strengthening of its enterprise throughout company improvement, operations, buyer success, advertising, and IT transformation. It’s a testimony of SATYA’s efficiency, and the religion imposed by buyers that Dia Vikas Capital may make approximate 5X return on its funding.

Sharing his views, Vivek Tiwari (MD, CIO & CEO – SATYA MicroCapital) said, “I lengthen my heartfelt needs and gratitude to Dia Vikas Capital for the belief they’ve fostered in our group since inception. That is certainly one of the exceptional exits any investor has secured in Indian Microfinance Trade put up outbreak of COVID-19 in 2020. Our ambition is to persistently preserve making constructive influence and make a distinction within the lives of micro entrepreneurs. We’re grateful to Dia Vikas Capital that it has at all times aligned and shared our imaginative and prescient of socio economically uplifting the lives of individuals on the backside of the pyramid.”

He Vikas Capital’s Chairman, Scott Walters, mentioned, “We really feel privileged to have been in a position to work with Vivek, his group, and the SATYA household as they ‘ve made a distinction to micro entrepreneurs.”

“To witness the passion and improvement of SATYA to grow to be a serious drive has been an thrilling journey. Shifting ahead, Dia Vikas while not being an fairness accomplice, stays dedicated to supporting SATYA because it continues to empower these dwelling in poverty and help them in attaining financial self-sufficiency.”

Headquartered within the capital metropolis of New Delhi, with the primary mortgage disbursement on the Sikandrabad department within the Bulandshahr district of Uttar Pradesh, SATYA began its operational journey in January 2017. With the foremost and elementary objective of empowering rural girls, each digitally and financially , SATYA has come a great distance since its incorporation.

SATYA has just lately crossed the milestone of reaching 10 lakh energetic purchasers by providing collateral free micro credit score providers by way of cashless transactions to girls entrepreneurs dwelling in rural semi city areas of India. Satya has achieved a number of milestones since its inception on twenty eighth October 2016. Having a powerful mortgage disbursement portfolio of value greater than INR 6,800 Crores and at the moment having greater than INR 3,250 Crores Property Beneath Administration. SATYA goals to facilitate socio financial help to 5 million households by the yr 2025. Until date, SATYA has established its terrestrial footprints in additional than 37,000 villages throughout 21 states.

SATYA is integrally concentrated in direction of offering monetary providers to individuals typically excluded from conventional banking channels due to their low, irregular, and unpredictable earnings. It goals to arrange and increase the supply of simply accessible, price efficient and sustainable monetary providers to the impoverished to construct their monetary capability and talent to develop to monetary self-sufficiency. Along with yielding monetary assist to unbanked sections of the inhabitants, SATYA MicroCapital persistently associates with establishments of the identical wavelength to disseminate the significance of digital and monetary literacy in rural areas.

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