TVS Venu Group firm Home Credit India to acquire Varthana Finance for Rs 967 crore

MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, has agreed to acquire 100% of Varthana Finance in an all-cash deal valued at Rs 967 crore, as the group looks to expand its financial services business into education finance.

The transaction is expected to be completed within nine months from the signing of the share purchase agreement, TVS Holdings said in an exchange filing on Wednesday.

Varthana Finance, formerly known as Thirumeni Finance Pvt, is a non-bank lender that provides credit facilities and financial support to schools, colleges, tutorials and vocational training centres.

The acquisition will make Varthana Finance a wholly owned subsidiary of Home Credit India and a step-down wholly owned subsidiary of TVS Holdings after the deal closes.

The move will help the group expand into a “complementary secured and longer-tenure lending segment” and strengthen its position in India’s financial services sector, the company said.

Varthana Finance posted a profit after tax of Rs 18.65 crore and had a net worth of Rs 574.23 crore in 2025-26, according to the filing.

It reported turnover of Rs 398 crore in 2025-26, up from Rs 325.69 crore a year earlier.

Sudarshan Venu, chairman of TVS Motor Company, said India’s financial services sector offered long-term growth opportunities, driven by rising formalisation, expanding credit access and demand for specialised lending solutions.