Northern Arc Capital, incorporated on March 9, 1989, has built a diversified financial services platform that operates through a dual-engine business model, Credit Solutions and Direct-to-Customer (D2C) Lending. Together, these businesses create an integrated credit ecosystem that enables the efficient flow of capital while generating insights, capabilities and opportunities that strengthen the entire franchise. Credit Solutions, the foundation of the company, provides comprehensive financing solutions to Originator Partners through lending, debt placements, fund management and technology-enabled platforms. 

The company has developed deep sector expertise, extensive credit data and strong investor relationships, creating a durable competitive advantage. Building on its strong foundation, the company has scaled its D2C lending business across MSME, Consumer Finance and Rural Finance, leveraging deep credit expertise, proprietary underwriting models and a large addressable market to deliver sustainable, risk-adjusted returns. The integrated and diversified model enables dynamic capital allocation across segments based on risk-adjusted opportunities, supported by disciplined risk management and diversified earnings, enhancing resilience across credit cycles.

It serves its customers through a ‘phygital’ model with a mix of branches and digital partners, enabling it to reach the under-served borrowers across India. Its differentiated credit underwriting processes and risk models enable it to deliver strong asset quality and risk adjusted returns consistently across business cycles.

Business area of the company 

The company is registered as a non-deposit taking Non-Banking Finance Company (NBFC). The company is principally engaged in lending to provide liquidity and develop access to debt-capital markets for institutions and providing loans for personal, business, education and mortgage purposes to individuals.

Services of the company

Consumer Finance 

• Personal Loan
• End use based financing – like Education fee etc.

MSME Finance

• Loan Against Property
• Supply Chain Finance
• Unsecured Business loan

Rural Finance

• Microfinance
• micro-LAP

Awards, accreditations and recognition

• 2018: Best Arranger of the Year at the Indian Securitisation Awards, 2018.
• 2019: Most Innovative Deal of the Year for Persistent Securitization (PerSec) product at the Indian Securitisation Awards, 2019.
• 2019: Best Arranger of the Year at the Indian Securitisation Awards, 2019.
• 2020: Best Digital NBFC of the Year at the ETBFSI Excellence Awards 2020.
• 2020: Certification as a great workplace by the Great Place to Work Institute, India under the category of small and mid-sized organizations.
• 2021: Certified as Great Place to Work.
• 2021: Excellence in Digital Execution for Process Innovation award at the MINT TechCircle Business Transformation Awards 2021.
• 2022: Certified as Great Place to Work.
• 2022: Award under the category ‘Competitive Edge for Process Innovation’ at the MINT TechCircle Business Transformation Awards 2022.
• 2023: Certified as Great Place to Work.
• 2023: Best BFSI Brands-2023 award by The Economic Times.
• 2023: Jury’s Choice Award under the category ‘Outstanding Name in Digital Transformation’ at the Elets 2nd NBFC 100 Leader of Excellence Awards.
• 2023: Winner under the category ‘Best Product / Service Innovation (NBFC/HFC/MFI)’ for the initiative ‘AltifiWealth Management Platform’ at the ETBFSI Excellence Awards.
• 2023: Award of appreciation under the category ‘Entity using technology to enhance bond market’ at the ASSOCHAM’s 6th National Summit and Awards – Corporate Bond Market.
• 2024: Certified as Great Place to Work.
• 2024: Awarded the ‘Best Brands 2024’ at the ET Now BSFI Best Brands.
• 2024: Awarded the - Preferred Wealth Tech Provider / Platform award at the Fintech Festival India 2024.
• 2025: Certified as Great Place to Work.
• 2025: The company’s API-based, cloud-native loan origination platform -- nPOS (Nimbus Partner Origination System) was awarded by Best Digital Lending Platform - LendTech at the ETBFSI FinNext Awards.
• 2025: Best NBFC of the year at Synnex India NBFC Summit & Awards.
• 2025: NBFC of the Year at Bharat NBFC & Fintech Summit. 
• 2025: nPOS awarded by Best LendTech Platform of the Year at Bharat NBFC & Fintech Summit.
• 2025: Best NBFC of the year at Synnex India NBFC Summit & Awards.
• 2025: ET Best BFSI Brands.
• 2025: The company’s wholly owned subsidiary, Northern Arc Investment Managers (NAIM) was awarded by Best Investment Management NBFC of the year.
• 2025: The company’s retail bonds platform – Altifi was awarded Best User-Friendly Wealth Platform of the Year at Bharat NBFC & Fintech Summit.
• 2025: Altifi was awarded ET Best Brands ’25.
• 2026: Certified as Great Place to Work.

History and milestones

• 2008: Acquisition of 100% shareholding in the company by IFMR Trust.
• 2009: Commenced operations as a platform catering to diverse credit requirements.
• 2009: Entered the microfinance sector.
• 2009: Undertook the country’s first microfinance securitization transaction to enable funding to a microfinance institution.
• 2010: Arranged and structured India’s first pooled multi-originator securitisation transaction (MOSECR) which enabled funding to four Originator Partners operating in the microfinance sector.
• 2010: Completed first placement of a microfinance securitisation with private individual investor.
• 2011: Entered the MSME finance sector.
• 2011: Approved as a partner- financial institution by the Asian Development Bank to enable partial-guarantee backed lending to Indian MFIs. Through the partnership, total loans of Rs 8.93 billion under this program have been facilitated to ADB-approved MFIs.
• 2013: Entered the vehicle finance and affordable housing finance sectors.
• 2013: Completed India’s first listed securitisation of microfinance loans, which enabled funding to eight Originator Partners operating in the microfinance sector.
• 2014: Raised equity from LeapFrog Financial Inclusion India Holdings Ltd, which was a subsidiary of LeapFrog II Holdings, Ltd. and a step down subsidiary of LeapFrog Financial Inclusion Fund II, LP and LeapFrog Financial Inclusion Fund II-B, LP, which are funds focused on financial inclusion in emerging markets.
• 2014: Structured and arranged first pooled bond issuance, which enabled funding to 10 Originator Partners operating in the microfinance sector and one Originator Partner operating in education finance sector.
• 2014: Obtained SEBI registration for NAIM’s first alternative investment fund, a Category I – Social Venture Fund. Subsequently, it launched a long-term microfinance debt fund as a scheme of the fund.
• 2015: Arranged first ECB transaction for an Originator Partner in the microfinance sector.
• 2016: Entered the agricultural supply chain finance sector.
• 2016: Obtained a trademark registration for “MOSECR” .
• 2016: Raised equity from Standard Chartered Bank (entire shareholding of Standard Chartered Bank was transferred to Augusta in December, 2019) and Eight Roads.
• 2016: Expanded platform with commencement of retail business.
• 2016: Expanded platform with commencement of business with mid-market companies.
• 2017: Structured and arranged the country’s first pooled loan issuance product which enabled funding to eight Originator Partners operating across microfinance, vehicle finance and MSME finance sectors.
• 2017: Structured and arranged the country’s first single issuer partial credit enhanced (SPiCE) bond which enabled funding to an Originator Partner operating in the vehicle finance sector.
• 2018: Name changed to Northern Arc Capital Limited. 
• 2018: Undertook the company’s first persistent securitization transaction which was also India’s first vehicle loan backed securitisation transaction with replenishing structure. This transaction enabled funding to an Originator Partner operating in the vehicle finance sector.
• 2019: Underwent reorganization pursuant to the Scheme and became a company without any identifiable promoters.
• 2019: Entered the consumer finance sector.
• 2019: Facilitated the first successful exit for investors of an AIF managed by NAIM. 
• 2020: Commenced disbursement of microfinance loans under retail business through Nimbus.
• 2020: Completed disbursement of 100,000 retail loans in the financial year ended March 31, 2020.
• 2020: Shortlisted by NABARD to act as co-guarantor under the “Structured Finance and Partial Credit Guarantee Program to NBFC-MFIs”.
• 2021: Obtained debt funding from USDFC and Asian Development Bank.
• 2021: Entered into a project services agreement with a global development institution for collaboration on gender advisory programme.
• 2021: Incorporation of Pragati with the aim of offering small ticket loans to underserved rural and semi-urban areas of the country.
• 2021: Launched AltiFi, a retail investment platform that democratizes debt securities for investment opportunities to retail individuals and corporates.
• 2021: Registration of NAIM with the SEBI as a portfolio manager.
• 2022: Acquisition of identified assets and liabilities of S.M.I.L.E. Microfinance Limited, along with its loan portfolio of Rs 3,180.00 million and 144 branches.
• 2022: Registration of Northern Arc Emerging Corporates Bond Trust.
• 2022: Launch of supply chain financing, education loan and MSME loan against property business.
• 2022: Partnership with a public sector bank in relation to access to the company’s nPOS platform.
• 2023: Achieved Rs 100,000 million assets under management.
• 2023: Launch of NuScore.
• 2023: Launched subscription to public issuances of bonds on Altifi. 
• 2023: Expanded the company’s direct presence to 10 of 28 states with approximately 250 branches across India.
• 2023: Collaboration with a private sector bank for nPOS platform utilization.
• 2023: Raised over Rs 1.50 trillion in funding for its clients through its platform.
• 2024: Completed equity raise from IFC, RJ Corp Limited and Varun Jaipuria.
• 2024: Impacted over 100 million lives.
• 2024: Received certificate of registration from the IRDAI to act as a corporate agent (composite).
• 2024: Expanded direct presence to 13 of 28 states with approximately 300 branches across India.
• 2024: Obtained debt funding of $75 million from an entrepreneurial development bank.
• 2024: Registration of ‘Northern Arc Finserv Fund’ and ‘Northern Arc Fintech NBFC Fund I’ with the SEBI.
• 2025: The company secured an equity infusion of Rs 3820.00 million.
• 2025: The company launched Initial Public Offering, raising Rs 7770.00 million.  
• 2025: The company opened 57 MSME and MFI branches, consolidated 13 unproductive MFI branches.
• 2026: Achieved highest ever yearly profit of Rs 4040.00 million.
• 2026: Achieved Assets Under Management (AUM) Rs 1,65,940 million.