Namdev Finvest

Namdev Finvest is a leading non-banking financial company (NBFC) in India, specializing in inclusive, impact-driven lending solutions for rural and semi-urban markets. Founded in 2013 by Jitendra Tanwar and headquartered in Jaipur, Rajasthan, Namdev Finvest operates across nine states with a robust network of over 100 branches. The company’s core focus is on empowering underserved and unbanked segments, particularly micro, small and medium enterprises (MSMEs), green mobility and renewable energy sectors.

Products & Services 

• MSME Loans: Secured loans for micro, small and medium enterprises to support business growth, working capital and asset purchase needs.

• Two-Wheeler Loans: Financing for purchasing new or used two-wheelers, helping individuals and small businesses with mobility and last-mile connectivity.

• E-Rickshaw Loans: Loans for buying electric rickshaws, promoting green mobility and self-employment in rural and semi-urban areas.

• Solar Loans: Financing for solar panels and renewable energy solutions, enabling customers to adopt clean energy and reduce costs.

• Other Asset Financing: Loans for light commercial vehicles, agriculture vehicles (tractors) and other productive assets to boost rural livelihoods.

• Flexible Repayment Options: Quick processing, attractive interest rates and minimal documentation for customer convenience

Business Model & Revenue Streams

• Interest Income: The largest revenue stream comes from interest charged on MSME loans, two-wheeler loans, e-rickshaw loans and solar/green energy loans disbursed to individuals and small businesses.

• Processing Fees: The company charges processing fees on loan applications, contributing to upfront revenue.

• Late Payment & Service Charges: Additional income is earned through late payment penalties and value-added service fees.

• Partnerships & Syndication: Namdev Finvest collaborates with public/private banks, small finance banks and international financial institutions for loan syndication, co-lending and risk-sharing, further diversifying its income.

Customer Segmentation

• B2C: Individual borrowers in rural and semi-urban areas seeking MSME, vehicle, or green loans, often with limited access to traditional banking.

• B2B: Small businesses, micro-entrepreneurs and agricultural enterprises requiring working capital or asset financing.

• Institutional Partners: Banks, DFIs and impact investors partnering for co-lending, funding and risk-sharing.

Growth Strategy

• Geographic Expansion: Expanding branch network in existing and new states, with plans to enter Bihar and Chhattisgarh by FY25.

• Product Diversification: Increasing focus on climate finance and green mobility, including more EV, solar and renewable energy loan products.

• Technology Investment: Enhancing its phygital platform for faster loan processing, better risk management and improved customer experience.

• Funding Diversification: Building a resilient funding base through partnerships with 44+ lenders, including global DFIs and Indian banks.

• ESG Leadership: Maintaining high standards in social and environmental performance to attract responsible capital and drive sustainable impact