TPG Invests ₹525 Crore in Kirloskar-Backed Arka Fincap, With Potential Investment Rising to ₹800 Crore
Kirloskar Group-promoted Arka Fincap has signed an investment agreement with global private equity firm TPG's The Rise Funds for an initial investment of ₹525 crore. The investment could increase to ₹800 crore through an additional ₹275 crore tranche, subject to business milestones and regulatory approvals. Founded in 2018, the Pune-based NBFC has built assets under management of approximately ₹8,000 crore and a secured retail lending portfolio exceeding ₹1,000 crore.
The fresh capital will support Arka's expansion in secured retail lending, strengthen its presence across India and accelerate investments in technology and risk management. Operating through 146 branches across 10 states, the company aims to expand financing access for MSMEs, entrepreneurs and vehicle operators. The partnership reflects growing investor interest in India's secured lending market.
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