EQT will make investments Rs 500 crore ($58 million) as progress capital to help geographic growth and improve digital capabilities of Niwas.
Based in 2017, Niwas offers inexpensive mortgages to retail prospects in tier 2 to tier 4 cities in India and has supported over 47,000 low earnings owners and small companies, it mentioned.
Niwas has AUM of over Rs 3000 crore as of 31 March 2025, comprising granular, retail, and secured loans.
Okay.R. Kamath, Chairperson of the newly constituted Board of Niwas Housing Finance, added: “Niwas is well-positioned to increase entry to dwelling possession in India. As we embark on this renewed journey of Niwas, I’m assured that the brand new board’s collective expertise will present worthwhile strategic steerage and oversight to the Firm, making certain Niwas scales responsibly, with customer-centricity and prudence at its core.”
Hemant Sharma, a Associate within the EQT Non-public Capital Asia advisory staff, mentioned: “India’s retail lending sector continues to supply thrilling alternatives and is a key funding theme for EQT in India.”