SAVE Group offers financial services in rural India through its subsidiaries and a banking business correspondent network that serves over 25 million customers. Founded in 2009 by Ajeet Kumar Singh, Pankaj Kumar and Ajay Kumar Sinha, the group operates a network of branches across multiple states. As of March 2024 the group reported assets under management (AUM) of around Rs 1,962 crore with 522 branches in 17 states. Its SaGgraha subsidiary reported an AUM of Rs 464 crore with 237 branches across seven states. SAVE plans to use new funds to expand microfinance loans, secured MSME loans and affordable housing loans through its wholly owned subsidiaries and grow its loan book. Management is targeting a group AUM of Rs 18,000 crore and SaGgraha AUM of about Rs 5,000 crore in the next five years.

Total raised

$13M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024