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Last Login: 28-Mar-2022
VARTHANA FINANCE PRIVATE LIMITED
Decision Maker at VARTHANA FINANCE PRIVATE LIMITED, Bengaluru / Bangalorehttps://www.iimjobs.com/r/166793-varthana-finance-private-limited
COMPANY BACKGROUND
Founded in 2013, Varthana (derived from the word Parivartan) is a Bangalore-based, systemically important NBFC focused on making a positive impact in the education sector. The company provides much-needed investment capital to private institutions to improve the quality of education for the low-income and emerging middle-class families in society. Most recently, the company also began providing student loans for post-secondary education in domestic institutions.
Varthana partners with those education entrepreneurs who understand the sense of urgency about improving access to quality education in low-income communities. These entrepreneurs are usually (not always) ex-educators themselves, who have spent time teaching children in the neighbourhood and have then slowly expanded to start a school. They are driven by their mission to provide a robust education, often far superior to the government alternatives. Loans are typically used to either improve the quality or expand the capacity of the school.
THE OFFERING
Varthana predominantly provides loans to private schools catering to students from low-income households. The company serves more than 4,000 schools with a portfolio of more than INR 1,000 crores through 34 branches across 14 states.
● Unsecured School Loans: up to INR 10 lakh for small projects at the school.
● Secured School Loans: up to INR 2 crores for larger school projects.
● Insurance
● Student finance for the domestic, middle-income segments
Further, we also provide advisory services such as:
● the School Transformation Program which assists teachers and staff to design and execute customized learning lessons and
● the Integrated School Accelerator Program offering financial and management consultancy to school owners, to help improve student and teacher performance and enhance school ratings
Given the unique footprint and niche we have carved for ourselves, the organization has immense potential for growth. Varthana will seek to extend its existing base of 25 domestic and 10 foreign lenders, particularly sourcing from public sector banks to improve on existing terms. Since its inception, we have successfully raised several rounds of equity funding from recognized and committed PE companies including Chrys Capital, Elevar Equity, Omidyar Network, Kaizenvest, and LGT-Lightstone.
Founded in 2013, Varthana (derived from the word Parivartan) is a Bangalore-based, systemically important NBFC focused on making a positive impact in the education sector. The company provides much-needed investment capital to private institutions to improve the quality of education for the low-income and emerging middle-class families in society. Most recently, the company also began providing student loans for post-secondary education in domestic institutions.
Varthana partners with those education entrepreneurs who understand the sense of urgency about improving access to quality education in low-income communities. These entrepreneurs are usually (not always) ex-educators themselves, who have spent time teaching children in the neighbourhood and have then slowly expanded to start a school. They are driven by their mission to provide a robust education, often far superior to the government alternatives. Loans are typically used to either improve the quality or expand the capacity of the school.
THE OFFERING
Varthana predominantly provides loans to private schools catering to students from low-income households. The company serves more than 4,000 schools with a portfolio of more than INR 1,000 crores through 34 branches across 14 states.
● Unsecured School Loans: up to INR 10 lakh for small projects at the school.
● Secured School Loans: up to INR 2 crores for larger school projects.
● Insurance
● Student finance for the domestic, middle-income segments
Further, we also provide advisory services such as:
● the School Transformation Program which assists teachers and staff to design and execute customized learning lessons and
● the Integrated School Accelerator Program offering financial and management consultancy to school owners, to help improve student and teacher performance and enhance school ratings
Given the unique footprint and niche we have carved for ourselves, the organization has immense potential for growth. Varthana will seek to extend its existing base of 25 domestic and 10 foreign lenders, particularly sourcing from public sector banks to improve on existing terms. Since its inception, we have successfully raised several rounds of equity funding from recognized and committed PE companies including Chrys Capital, Elevar Equity, Omidyar Network, Kaizenvest, and LGT-Lightstone.
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