Varthana

Customised, timely loans help schools upgrade classrooms, build new infrastructure, adopt modern teaching practices, and expand learning opportunities.

Secured loans up to Rs 2 crore against property mortgage, plus unsecured loans with no collateral for eligible affordable private schools.

Beyond financing, Varthana works alongside school leaders offering academic and management support, ERP/fee-management systems and insurance products to strengthen school operations.

Small, low-fee private schools across India needing capital for infrastructure, classrooms, equipment and technology.

Student loan financing for higher education and vocational training, launched by the company in June 2018.

Each loan applicant is assigned a dedicated relationship manager who collects documentation and shepherds the loan through due diligence, approval and disbursement.

The company works alongside school leaders, offering academic solutions, management solutions and workshops on school-management topics beyond the loan relationship.

Direct lending through a branch/hub network; as on June 30, 2024 the company's operations were across 16 states with a branch network of 41 branches.

Loan applicants are assigned a dedicated relationship manager who collects documents and guides the loan through approval and disbursement.

Loan inquiries begin via a website form or phone line, followed by a four-step application and 5-7 day processing timeline.

Financing private schools for improvement, capacity expansion and growth requirements; the company also launched student loan financing in June 2018.

Beyond loans, Varthana offers insurance for schools, bridge content via its 'Unlock Schools' program and a Smart Fee Program that let school owners focus on running their schools smoothly.

Varthana is registered with the RBI as a School Finance Company (Registration No: B-02.00279), the regulatory base for its lending business.

A 41-branch network across 16 states as on June 30, 2024, backed by a tangible net worth of ₹509 crore built on ₹453.6 crore of cumulative equity raised from founders and institutional investors.

Institutional investors include Chryscapital, Lightrock, Kaizen Private Equity, Omidyar Network, Elevar Equity, Blue Haven and Potencia Ventures, supporting an equity raise of ₹453.6 crore from founders and institutional investors as on June 30, 2024.

Borrowings sourced via ECBs, NCDs and securitisation from lenders/impact investors including BlueEarth Capital, BlueOrchard, Symbiotics, MicroVest, Triodos, responsAbility, WaterEquity and Triple Jump.

Interest earned on secured and unsecured loans to affordable private schools for infrastructure, capacity expansion and growth requirements.

Interest earned on student loan financing, a segment launched by the company in June 2018; formed ~16.5% of AUM as on June 30, 2024.

Finance costs stood at Rs 63.83 crore in FY23, down 20% year-on-year.

Employee benefit expenses were Rs 59.3 crore in FY23, up 17.4% year-on-year.

Impairment of financial instruments (loan-loss provisioning) was Rs 41.7 crore in FY23.