Mufin Group has announced the acquisition of a majority stake in LKP Finance in an all-cash deal worth ₹370 crore, which will significantly boost the group’s net worth. The move is part of Mufin’s strategy to expand its lending operations by tapping into the capital base of LKP Finance and enhance its presence in the Western India market.
Kapil Agarwal, the Founder of Mufin Group, sees this acquisition as a crucial step in the group’s growth trajectory. He highlighted the potential to drive financial inclusion, improve liquidity, and introduce innovative financial products. Mufin Group, operating through its holding company Hindon Mercantile and subsidiaries including Mufin Green Finance, Mufin Green Infra, BimaPay, Mufinpay, and Hedge Money, specializes in NBFC lending, EV financing, charging infrastructure, insurance financing, digital payments, and forex solutions.
Mufin Green Finance, known for its focus on climate financing, offers loans for electric vehicles and related infrastructure to support India’s shift towards sustainable transportation. The acquisition is expected to accelerate Mufin Group’s growth in delivering cutting-edge financial solutions across various market segments.
The news article was published on March 6, 2025.
