Varthana Finance mission is to enhance low-income and emerging middle class families’. The Indian School Finance Company (ISFC) school loan portfolio was purchased by non-banking finance company Varthana Finance for a sum of Rs 126 crore. Following the acquisition, the NBFC will be in charge of 10,000 schools’ term loans in 14 states.
The acquisition will give the NBFC control over 10,000 schools’ term loans in 14 states.
Bob Pattillo, the Founding Investor at ISFC and Founder of Gray Matters Capital, assisted the sale. In order to address the need for specialized funding for reasonably priced private educational institutions in India, he founded ISFC in 2009.
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Affordable private schools, career colleges and institutes, coaching centers, autonomous teachers, and more can apply for term loans from ISFC.
Pattillo said, “This sale signifies more than a transaction; it’s a demonstration not only how capital can be transformative when aligned with a market need, driven individuals, and a clear vision but also when to pass on the torch to others who are best suited to carry the mission forward,”.
About Varthana Finance
Varthana’s mission is to enhance low-income and emerging middle class families’ access to high-quality education in India by financing and supporting reasonably priced private schools in the country.
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Varthana collaborates with entrepreneurs in the area of education who are driven by improving low-income communities’ access to high-quality education.
