Ess Kay Fincorp, a Non-Banking Finance Company (NBFC), has raised $33 million in a round led by private equity fund TPG, Norwest Venture Partners, a multi-stage growth investment fund and Evolvence India, a leading India focused Private Equity platform. The company was founded by Rajendra Setia in 1992. The company plans to utilise the funds in business expansion.
Rajendra Setia, Ess Kay Managing Director and Chief Executive said “Since our last equity round, despite tight market conditions, we have continued to march towards our goal and capitalise on the platform built over the last 25 years by focusing on our niche and demonstrating the resilience of our business model.”
With a track record of 20+ years in this business, Ess Kay Fincorp is among the leading Non-Deposit Taking Systemically Important NBFC in Northern India. The company has a strong network of 250+ branches across 6 states and currently operates in Rajasthan, Gujarat, Punjab, Haryana, Madhya Pradesh and Maharashtra. It has over 225,000 customers and employs more than 3,500 people.
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