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What is the business of Avanse Financial?

Avanse Finance is an education focused non-banking financial company operating in India, and according to the CRISIL MI&A Report, as of March 31, 2024, it is the second largest education focused NBFC in India by assets under management (“AUM”).
According to the CRISIL MI&A Report, it also has the second highest disbursements during the Financial Year 2023 and recorded the second highest profit after tax in Financial Year 2024 among education focused NBFCs in India. According to the CRISIL MI&A Report’s description of its business, it offers a full stack education offering with products ranging from education loans for students to growth capital for education institutions through education infrastructure loans. Through its student-loans – international and our education loans – domestic businesses, we provide loans and other value-added services to Indian students and professionals who are admitted to study overseas or at domestic institutions.

It also provides collateral-backed financing to private educational institutions in India. Its AUM has increased from Rs.48,356.09 million as of March 31, 2022, to Rs.86,460.68 million as of March 31, 2023 and Rs.133,030.47 million as of March 31, 2024, growing at a CAGR of 65.86% between March 31, 2022 and March 31, 2024.

Further, its total income increased to Rs.17,288.06 million for the Financial Year 2024 from Rs.9,902.29 million for the Financial Year 2023 and Rs.5,085.41 million for the Financial Year 2022, and its net profit for the year increased to Rs.3,424.03 million for the Financial Year 2024 from Rs.1,577.11 million for the Financial Year 2023 and Rs.632.07 million for the Financial Year 2022. As a part of its student loans – international business, it provides education loans to Indian students looking to pursue higher education overseas. As of March 31, 2024, through its student loans – international business, it had loans outstanding to 35,802 students attending 1,264 universities/colleges in 41 countries. Moreover, as of March 31, 2024, its student loans – international business had AUM of Rs.104,136.69 million and accounted for 78.28% of our total AUM, with an average sanctioned ticket size of Rs.3.07 million per loan. Its student borrower profile for overseas studies typically comprises young and aspirational individuals from diverse backgrounds, often at the beginning of their credit journey and admitted to pursue courses primarily in the Science, Technology, Engineering and Mathematics (“STEM”) and Business Administration domains. As of March 31, 2024, in our student loans – international business, 73.96% and 23.33% of its students were enrolled in STEM and MBA courses, respectively.

For more information, click https://www.avanse.com

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Avanse Financial IPO GMP grey market premium, review, Subscription, allotment, listing estimate