Vistaar Financial Services Pvt Ltd
Vistaar Financial Services Pvt Ltd, founded in 2010, is a privately held financial services company headquartered in Bengaluru, Karnataka, specializing in business loans and targeting underserved micro-enterprises. The company operates 249 branches across India and serves 46,507 active customers with a portfolio valued at ₹4323 crores.
Company Overview
Vistaar Financial Services Pvt Ltd is a privately held company founded in 2010, headquartered in Bengaluru, Karnataka. The company operates in the Financial Services industry and is classified as a very large enterprise with a team size of 1,711 employees. Vistaar specializes in providing business loans, property loans, and MSME loans, focusing on the underserved 'missing middle' segment of the market.
Services Offered
Vistaar Financial Services provides a range of customized financial products tailored to the needs of micro and small enterprises. The company specializes in business loans, offering loan amounts up to Rs. 50 Lakhs. Their financing solutions are designed across four key dimensions: loan size, repayment frequency, tenor, and security. Vistaar also targets micro-enterprises in sectors such as dairy, power loom, handloom, home-based industries, and handicrafts.
Branch Network
Vistaar Financial Services operates a substantial branch network across India, with a total of 249 branches. The company has 75 branches located in Tamil Nadu and 46 branches in Karnataka, enabling it to serve a diverse customer base. This extensive presence supports Vistaar's mission to provide financial services to underserved segments of the population.
Investment and Financial Portfolio
Vistaar Financial Services has a portfolio valued at ₹4,323 crores and serves 46,507 active customers. The company has attracted significant investment, with Warburg Pincus acquiring a 90% stake for $250 million. Vistaar plans to raise an additional USD 50 million in debt financing from the DFC to further enhance its financial capabilities.
Digital Initiatives
Vistaar Financial Services emphasizes accessibility through digital initiatives, providing financial information via digital leaflets in multiple languages, including Kannada, Tamil, Telugu, Marathi, Hindi, Gujarati, and Odia. This approach aims to reach a broader audience and facilitate better understanding of their financial products among diverse customer segments.