National,19th January 2026: Namdev Finvest Private Limited is a Jaipur-based, systemically important non-deposit taking NBFC, focused on enabling sustainable MSME growth across India’s emerging markets. Founded in 2013 by first-generation entrepreneur Mr. Jitendra Tanwar. Namdev Finvest provides responsible credit to micro, small, and medium enterprises, with a strong focus on underserved and unbanked borrowers residing in Tier III+ cities in India. The company has raised USD $37 million (approximately INR 324 Crores) from FMO, IIX, Franklin Templeton AIF India and Symbiotics via listed NCD and ECB. Namdev operates across 9 states and has built a scalable, secured lending model backed by prudent risk management and strong governance.
The funds raised will be strategically deployed to expand Namdev’s MSME lending franchise across underserved and unbanked rural and semi-urban markets in India. With a focused emphasis on micro, small and medium enterprises, women-led ventures, and youth-driven and emerging businesses, the capital aims to strengthen access to timely credit where it is needed most. This investment will enable the creation of sustainable livelihoods, drive local employment generation, and support inclusive economic growth in line with Namdev’s long-term vision.
Namdev has been instrumental in attracting equity capital from marquee global investors such as British International Investment, Incofin and Maj Invest, which have backed the company’s MSME-focused franchise over multiple rounds. In March 2025, the company completed a calibrated USD 3 million (around INR 25 crore) top-up round from existing shareholder LC Nueva AIF and the promoter group, positioning the balance sheet for a larger, growth-oriented equity raise in the near term.
A landmark highlight recently has been the onboarding of globally respected Development Finance Institutions (DFIs), FMO, the Dutch Entrepreneurial Development Bank who has specifically contributed USD 20Mn (INR 180 Crores) and Impact Investment Exchange (IIX) Women’s Livelihood Bond™ 7 (WLB7) who has contributed USD 8 Mn (~ INR 71 Crores)
In addition to DFI participation, the company has also secured USD 2.3 Million (INR 20 Crores) from Franklin Templeton Alternative Investments Fund, India (Franklin Templeton AIF), amongst the world’s most respected global asset managers. This milestone is further reinforced by the continued support of Symbiotics, a valued long-term debt partner who has contributed USD 6.5 Millon (~INR 53 Crores); and whose association has played a key role in deepening Namdev’s outreach and has strengthened its impact framework.
Juan Jose Dada Ortiz, Director Financial Institutions FMO, said, “At FMO, we believe that financial inclusion is a cornerstone for reducing inequalities and driving sustainable economic growth. Our USD 20 million investment in Namdev Finvest will enable thousands of micro and small entrepreneurs particularly women-led and rural businesses to access the credit they need to thrive. By supporting Namdev’s mission, we are reinforcing our commitment to SDG 10 and helping build a more inclusive financial ecosystem across India.”
Mr. Robert Kraybill, MD & CIO, Impact Investment Exchange said, “Women’s Livelihood Bond™ 7 (WLB7) marks another milestone in scaling gender-lens investing across emerging markets. WLB7 will empower over 773,000 women and girls while mobilizing capital for enterprises like Namdev Finvest that are expanding financial inclusion for women-led MSMEs and underserved communities in India’s rural and semi-urban markets.”
Comment from Prashant Bhardwaj, Regional Head, South Asia, Symbiotics Investments, “Symbiotics has been a long-term partner of Namdev Finvest since 2022, and our continued investment reflects our strong conviction in the institution’s strategy, governance, and execution capabilities. Namdev has built a scalable, resilient, and secure MSME lending platform with deep reach in underserved regions, while also demonstrating a clear commitment to climate-aligned and green finance solutions. We see significant potential for the company to emerge as a leading impact-oriented NBFC in India, driving inclusive growth for MSMEs and accelerating the transition to sustainable finance”.
Commenting on the development, Mr. Jitendra Tanwar, Managing Director & CEO, Namdev Finvest Pvt. Ltd., said “This has been a defining year for Namdev Finvest. The trust placed in us by globally reputed institutions such as FMO, IIX, and Franklin Templeton is a strong endorsement of our governance, operating model, and long-term vision. These partnerships enable us to scale responsibly, deepen our impact in rural and semi-urban India, and continue empowering MSMEs and women entrepreneurs with access to timely and affordable credit. We remain committed to building a resilient, inclusive, and sustainable financial institution.”
With strong international partnerships and significant debt inflows, Namdev Finvest is well positioned for its next phase of impact-driven growth, contributing meaningfully to India’s financial inclusion journey while supporting thousands of entrepreneurs across the country.
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ABOUT NAMDEV FINVEST
Namdev Finvest Private Limited is a Jaipur-based, systemically important non-deposit taking NBFC focused on enabling sustainable MSME growth across India’s emerging markets. Founded in 2013 by first-generation entrepreneur Mr. Jitendra Tanwar Namdev focuses on secured MSME lending in rural and semi-urban India. The company provides loans to MSMEs, vehicle owners, climate friendly commuters, rooftop solar customers, and women entrepreneurs, while progressively expanding its portfolio of sustainable finance products.
Website: www.namfin.in
Conversion rate used: USD 1 = INR 88
