Namdev Finvest Pvt. Ltd., a non-banking financial company (NBFC) based in Jaipur, has  successfully raised $37 million (around Rs 300 crore) in new debt funding aimed at  boosting its lending to micro, small, and medium enterprises (MSMEs) throughout rural  and semi-urban India. This latest financial injection not only bolsters the company’s  balance sheet but also sets the stage for its next growth phase, while it considers a  larger equity raise in the future. 

Global Investors Support Namdev’s Impact-Driven Approach 

The funding round was structured through a combination of listed non-convertible  debentures (NCDs) and external commercial borrowings (ECBs). Notable participants  in this round include the Dutch development finance institution FMO, Impact  Investment Exchange (IIX), Franklin Templeton Alternative Investments Fund India, and  Switzerland-based Symbiotics Investments. Jitendra Tanwar, Managing Director and  CEO, described this funding as a significant endorsement from esteemed global  institutions. He emphasized that this investor confidence reflects Namdev’s strong  governance, disciplined operational model, and long-term commitment to serving  India’s underbanked entrepreneurs. 

This recent funding follows a $38 million debt raise in January 2025, which attracted  investors like Developing World Markets, BlueOrchard, and Mirova. On the equity front,  Namdev is supported by impact-focused investors such as British International  Investment (BII), Incofin, and Maj Invest, further enhancing its reputation within the  global impact investing landscape. 

Commitment to Underserved MSMEs and Clean Mobility 

Founded in 2013, Namdev Finvest specializes in secured lending to MSMEs, as well as  financing for two-wheelers, electric rickshaws, and rooftop solar installations. The  company primarily operates in smaller towns and rural areas, where access to formal  credit is often limited, and many borrowers lack traditional credit histories. FMO, which  committed $20 million in this funding round, underscored financial inclusion as a  crucial factor for sustainable economic growth. This investment is anticipated to enable 

thousands of micro and small entrepreneurs—especially women-led and rural  businesses—to access affordable and timely credit. 

Expanding Reach Across India’s Heartland 

Namdev intends to utilize this capital to broaden its MSME lending operations in  underserved regions, with a particular emphasis on supporting women entrepreneurs  and young business owners. Currently, the company operates over 100 branches across  nine states, mainly in northern and western India. According to its latest disclosures,  Namdev manages assets exceeding Rs 1,300 crore, with average loan sizes ranging from  Rs 5 lakh to Rs 7 lakh and repayment tenors extending up to ten years. Its clientele  includes shopkeepers, small manufacturers, contractors, and self-employed  individuals such as e-rickshaw drivers. 

A First-Generation Entrepreneur’s Journey 

Tanwar’s entrepreneurial path closely reflects the segment Namdev serves. As a first generation entrepreneur, he began his career selling tractors before transitioning into  retail lending roles at banks and NBFCs. In 2013, he secured Namdev’s NBFC license by  mortgaging his home, at a time when the company had less than Rs 30 lakh in capital. 

In addition to MSME lending, Namdev has aligned itself with environmental and social  lending initiatives by financing electric mobility and rooftop solar projects in select  states. IIX, which participated through its Women’s Livelihood Bond 7, stated that this  investment will enhance access to finance for women entrepreneurs across emerging  markets. 

With robust backing from global impact investors and a growing footprint in  underserved areas, Namdev Finvest is steadily establishing itself as a scalable,  resilient, and impact-oriented NBFC within India’s MSME lending ecosystem.