Mufin Group acquires LKP Finance in ₹370-crore cash deal
Mufin Group has acquired a majority stake in LKP Finance in an all-cash transaction, bolstering the group’s net worth by ₹370 crore, according to a company announcement released on Thursday.
The acquisition is part of Mufin’s strategy to expand its lending operations by leveraging LKP Finance’s existing capital base. The deal will also strengthen Mufin’s presence in Western India, where LKP Finance has established market positioning.
Kapil Agarwal, Founder of Mufin Group, described the acquisition as “a pivotal step in Mufin’s journey to scale up further” and emphasised the potential to “drive financial inclusion, enhance liquidity and introduce cutting-edge financial products.”
Mufin Group operates through its holding company Hindon Mercantile, with subsidiaries including Mufin Green Finance, Mufin Green Infra, BimaPay, Mufinpay and Hedge Money. The group specialises in NBFC lending, EV financing, charging infrastructure, insurance financing, digital payments and forex solutions.
climate financing
Mufin Green Finance is noted for its focus on climate financing, providing loans for electric vehicles and related infrastructure to support India’s transition to sustainable transportation.
The company expects the acquisition to accelerate its growth in providing innovative financial solutions across key market segments.
