Avanse Financial Services Ltd., with its corporate and registered office in Andheri East, Mumbai, describes itself as an education-focused non-banking financial company. It says it was established in 2013 and that Warburg Pincus holds the majority stake, with Kedaara Capital, Mubadala Investment Company, IFC and Avendus PE Investment Advisors among other shareholders.
Its Educational Institution Loan is open to education and training institutions in India, including K-12 schools, colleges and coaching institutes, and to suppliers of technology and materials to them. Products are unsecured and secured loans, a receivable financing term loan against expected fee collections, and a flexi term loan, for working capital, infrastructure and expansion. Avanse also lends to students for study in India and abroad, and says its network spans students at 2,000 educational institutions in 50 countries.