Add Zee Business as a Preferred Source
SMFG India Credit secures Rs 1,075 crore investment from Sumitomo Mitsui Financial Group
)
Ravi Narayanan, MD and CEO, SMFG India Credit
Written By: ZeeBiz WebTeam
Updated: Sat, Apr 25, 2026
08:45 AM IST
08:45 AM IST
New Delhi, ZeeBiz WebDesk
Japan-based Sumitomo Mitsui Financial Group (SMFG) has infused Rs 1,075 crore into its wholly-owned subsidiary, SMFG India Credit (SMICC), through a rights issue. This reinforces the global banking and financial service group's long-term commitment to the Indian market and the company’s growth trajectory, according to a press release.
“This capital infusion from SMFG reinforces our strategy and execution strength as we enter our next phase of growth. We remain focused on delivering sustainable, predictable, and non-volatile growth through superior execution and agility," said Ravi Narayanan, MD and CEO, SMFG India Credit.
"By accelerating our digital transformation journey with new-age technologies, strengthening our commitment to fair, transparent practices to enhance customer experience and upholding highest standards of governance, compliance and risk management, we are well-positioned to deepen our market presence and create long-term value for our stakeholders," said Narayanan.
TRENDING NOW
The assets under management (AUM) of SMFG India Credit, an NBFC-investment and credit company, stood at Rs 64,100 crore, as of December 31, 2025, marking year-on-year growth of 21 per cent.
Its disbursements for the period from April 2025 to December 2025 were at Rs 39,500 crore, up 29 per cent on a year-on-year basis.
What is SMICC and what does it do?
SMFG India Credit, operating in India since 2007 is a leading NBFC - Investment and Credit Company (NBFC-ICC) registered with the Reserve Bank of India and a wholly-owned subsidiary of Sumitomo Mitsui Financial Group.
The company offers a comprehensive range of lending solutions, including SME financing, commercial vehicle and two-wheeler loans and shares, personal loans, and rural livelihood advancement loans etc.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
RELATED NEWS
Rs 125.17 Dividend, 1:2 Stock Split, Buyback, Rights Issue: 19 stocks to turn ex-date next week—FULL LIST
Rs 66 Dividend, Rights Issue, Demerger: 12 Stocks to turn ex-date this week—FULL LIST
Rs 1.6 Dividend, 3:1 Bonus Issue, Rights Issue, Buyback: 8 Stocks to turn ex-date this week—FULL LIST
Rs 127 Dividend, 3:1 Bonus, 1:2 Stock Split, Rights Issue: 9 stocks to turn ex-date next week—FULL LIST
Rs 13 Dividend, 3:1 Bonus, Rights Issue: 6 stocks to go ex-date this week—FULL LIST
