Axis Finance Ltd (AFL), the wholly-owned non-banking financial company (NBFC) subsidiary of Axis Bank, on Saturday announced a ₹750 crore primary capital raise from Kedaara Capital via a preferential issuance.
This is in addition to the ₹1,500 crore primary raise via a rights issue that was approved by Axis Finance’s Board of Directors on April 17, 2026. Kedaara Capital’s primary infusion is subject to customary regulatory approvals.
AFL, in a statement, said this transaction will significantly bolster the company’s capital base and propel its next phase of growth. Its total Capital Adequacy Ratio stood at 19.65 per cent as at March-end 2026.
AFL’s assets under finance, comprising retail, wholesale, MSME and treasury, rose 22 per cent year-on-year (yoy) to ₹47,692 crore as at March-end 2026. The NBFC reported a net profit of ₹806 crore, up 19 per cent yoy in FY26.
Amitabh Chaudhry, MD & CEO, Axis Bank, said, “This capital infusion underscores our long-term commitment to strengthening Axis Finance as an integral part of Axis Group. It positions the company to pursue sustainable growth with prudence, while building a leading, diversified non-bank lending franchise in India.“
Sai Giridhar, MD & CEO, Axis Finance, observed that this significant boost to AFL’s capital base gives it the firepower to accelerate growth in a targeted and prudent way.
“With Axis Bank’s continued, unwavering support and Kedaara Capital joining us as an investor, we are now even better positioned to build greater scale, invest further in people and technology, and continue delivering high-quality solutions to our customers,” he said.
Sunish Sharma, Founder and Managing Partner at Kedaara Capital, said: “The company’s scaled and diversified presence across retail, MSME, and wholesale lending uniquely positions it to capitalize on the significant structural growth opportunities emerging in India’s credit market. We are excited to partner with the Axis Finance team and look forward to supporting the company as it embarks on its next phase of growth and value creation.”
Published on April 25, 2026
