Axis Finance raises ₹750 cr from Kedaara Capital via a preferential issuance

On Saturday, Axis Finance Ltd (AFL), the wholly-owned NBFC arm of Axis Bank, disclosed that it secured a primary capital infusion of ₹750 crore from Kedaara Capital through a preferential issue.

This comes on top of the ₹1,500 crore primary raise through a rights issue sanctioned by Axis Finance’s Board on 17 April 2026. The Kedaara Capital infusion remains pending standard regulatory clearances.

In a statement, AFL noted that the deal will markedly strengthen its capital foundation and drive the next stage of growth. Its overall Capital Adequacy Ratio was 19.65 % as of 31 March 2026.

AFL’s financed assets—covering retail, wholesale, MSME and treasury—grew 22 % YoY to reach ₹47,692 crore by end‑March 2026. The NBFC posted a net profit of ₹806 crore, up 19 % YoY in FY26.

Amitabh Chaudhry, MD & CEO of Axis Bank, remarked, “This capital infusion underscores our long‑term commitment to reinforcing Axis Finance as a core pillar of the Axis Group. It equips the firm to chase sustainable growth prudently while cultivating a leading, diversified non‑bank lending platform in India.“

Sai Giridhar, MD & CEO of Axis Finance, added that this considerable capital uplift gives AFL the firepower to hasten growth in a focused and prudent manner. He said, “With Axis Bank’s continued, unwavering support and Kedaara Capital joining us as an investor, we are now even better positioned to build greater scale, invest further in people and technology, and continue delivering high‑quality solutions to our customers.”

Sunish Sharma, Founder and Managing Partner at Kedaara Capital, observed, “The company’s scaled and diversified footprint across retail, MSME, and wholesale lending uniquely positions it to tap into the substantial structural growth opportunities emerging in India’s credit market. We are thrilled to partner with the Axis Finance team and anticipate supporting the firm as it embarks on its next phase of growth and value creation.”

Published on April 25, 2026