Mufin Group Acquires Majority Stake in LKP Finance – Asia Pacific #IndiaFinance

Mufin Group has acquired a majority stake in LKP Finance, having net worth of INR 370 crore in an all-cash Deal

In a bid to strengthen its net worth, Mufin Group has acquired LKP Finance in an all-cash deal,l resulting in the group’s net worth increasing by INR 370 Cr. By leveraging LKP Finance’s capital base alongside Mufin’s expertise in lending, we will be able to expand rapidly after this acquisition.

Kapil Garg, Managing Director of Mufin Group, commented, “This acquisition is a pivotal step in our journey to scale and transform our business. By leveraging LKP Finance’s capital base alongside Mufin’s expertise in lending, we will drive financial inclusion, enhance liquidity, and introduce cutting-edge financial products. Our vision is to empower businesses and individuals with seamless access to credit, fuelling sustainable economic growth.”

The acquisition of LKP Finance marks a significant milestone in Mufin Group’s expansion strategy, enabling us to establish a strong foothold in the Western India market. With LKP’s deep-rooted presence and legacy in the financial sector, this move enhances our reach and strengthens our market positioning.

Leveraging LKP’s established network and credibility, we aim to scale our lending operations, drive sustainable growth, and further our vision of financial inclusion across key regions.

With this investment, Mufin Group is set to expand its capital base by INR 370 crore, accelerating its mission to provide innovative and accessible financial solutions. LKP Finance, a well-established NBFC, brings valuable capital strength and industry experience to the table.