Categories: Business

Essel Finance’s MSME lending business acquired by Adani Capital

Adani Capital Private Ltd has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business. Adani Capital has secured a loan book of around Rs 145 crore through the acquisition. After the acquisition, Adani Capital Private Ltd is targetting to gradually expand its geographic presence in central and east India.

Adani Capital Private Ltd is the the non-banking financial company (NBFC) arm of Adani Group. Adani Capital Private Ltd focuses on small and micro-entrepreneurs across 4 verticals namely farm, primarily tractor loans, commercial vehicle loans for both new and used vehicles, MSME loans and for supply chain.

Find More Business News Here

Mahesh Kumar

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.

Recent Posts

Innovative Rock Check Dam on Indus River Aims to Solve Ladakh’s Water Crisis

For the sustainable water management and agricultural development, India's first Rock Check Dam has been…

7 hours ago

D.K. Shivakumar to Be Sworn in as Karnataka Chief Minister on June 3

In a significant political development in a state of Karnataka, as D.K. Shivakumar set to…

8 hours ago

Rajesh Kumar Singh Takes Additional Charge as DRDO Chairman After Samir Kamat’s Retirement

Central Government has give the additional charge of Secretary, Department of Defense Research and Development,…

11 hours ago

Indian Railways Launches New 18-Star Logo After Creation of South Coast Railway Zone

Indian Railways has unveiled the redesigned 18 star logo mark the creation of the South…

11 hours ago

Bengaluru Surpasses Mumbai to Become India’s Second-Busiest Domestic Airport

The Kempegowda International Airport of Bengaluru has overtaken the Mumbai’s Chhatrapati Shivaji Maharaj International Airport…

11 hours ago

Union Health Ministry Releases NFHS-6 Report: Key Findings on Health, Nutrition and Immunization

The Ministry of Health and Family Welfare has released the National Family Health Survey-6 (NFHS-6)…

11 hours ago