Jaipur, 24 June 2026 – Namdev Finvest Limited (formerly known as Namdev Finvest Private Limited), a leading non-banking financial company (NBFC) serving customers across Tier II and Tier III markets, has announced key milestones in its growth journey including the transition to a limited company and an upgrade of its long-term credit rating to A- by ICRA. These developments mark a significant step forward in the company’s evolution, reflecting its strong financial performance, robust governance framework, and continued focus on driving financial inclusion and sustainable growth across underserved segments in India.
The transition to a limited company represents an important structural milestone in Namdev Finvest’s journey, strengthening its institutional framework, technology adoption, processes and positioning the organisation for its next phase of growth. It reflects the company’s expanding scale, evolving governance standards, and long-term commitment to building a more resilient and future-ready business.
The transition is accompanied by a refreshed identity that reflects Namdev Finvest’s evolution into a modern, institutional, and scalable organization. While the identity has evolved, the mission remains unchanged: serving Bharat’s underserved entrepreneurs with discipline, dignity, and capital. New identity, same conviction.
Complementing this milestone, Namdev Finvest has also received an upgrade in its long-term credit rating to A- by Investment Information and Credit Rating Agency of India Limited (ICRA), a well-established credit rating agency in India. The upgrade is a strong validation of the company’s improving financial strength, disciplined risk management framework, and consistent operational performance.
Commenting on the milestone, Mr. Jitendra Tanwar, Managing Director & CEO, Namdev Finvest Limited, said, “We are pleased to announce a defining milestone in the journey of Namdev Finvest. The transition to Namdev Finvest Limited, along with the upgrade in our long-term credit rating, goes beyond corporate achievements and reflects the trust and confidence placed in us by our customers, lending partners, investors, shareholders, and employees over the years. As we move into this new phase, our mission remains unchanged: to empower individuals, entrepreneurs, and communities through accessible and responsible financial solutions. We believe these milestones strengthen the foundation for our future growth and reinforce our commitment to building a transparent, resilient, and customer-centric institution that contributes meaningfully to India’s economic progress.”
These milestones mark the beginning of a new chapter for Namdev Finvest as it continues to strengthen its market presence, expand its impact, and create long-term value for stakeholders. With a stronger foundation, enhanced credibility, and a clear long-term vision, the company is well-positioned to pursue its growth ambitions while further advancing financial inclusion across India and reaching underserved markets.
About Namdev Finvest Limited
Namdev Finvest Limited (Formerly known as Namdev Finvest Private Limited) is a Non Banking Financial Company (NBFC) focused on advancing financial inclusion by providing accessible credit solutions to underserved and unserved Micro, Small and Medium Enterprises (MSMEs) customers across India. Originally registered under the Companies Act, 1997, and operating under RBI Registration No. B-10.00260, the company has established itself as a trusted financial partner for micro and small entrepreneurs, rural households, and emerging businesses. As of March 2026, Namdev Finvest manages Assets Under Management (AUM) of over ₹1,747.6 crore and serves more than 45,446 active borrowers across Tier II and beyond markets in 9 states across India. The company operates through a network of 131+ branches and is supported by a team of over 1,597 employees.
The company offers a range of financial solutions, including MSME loans, two-wheeler loans and E-rickshaw loans, helping customers build livelihoods, grow businesses, and improve their quality of life. Driven by a customer-centric approach, Namdev Finvest continues to strengthen its capabilities through technology, process innovation, and responsible lending practices. The company remains committed to enabling entrepreneurship, fostering inclusive growth, and creating sustainable economic impact across rural and semi-urban communities. Namdev Finvest is backed by leading global and domestic investors, including Incofin India Progress Fund, Maj Invest, British International Investment (BII), and LC Nueva. The company has also established strong partnerships with reputed Financial Institutions such as State Bank of India, FMO, Franklin Templeton, IDFC FIRST Bank, Kotak Mahindra Bank, IIX, DWM, and BlueOrchard among others. Reflecting its strong business fundamentals and prudent financial management, Namdev Finvest’s long-term credit rating was upgraded to A- by ICRA (Investment Information and Credit Rating Agency of India Limited).
The company has also been recognized for its workplace culture, governance standards, sustainability efforts, and social impact. It accolades includes the Great Place to Work® Certification, Excellence in ESG & Sustainability Initiatives at the IBEX India 2025 BFSI Awards, the Pride of Rajasthan Award (2022), the Emerging Brand Award for Excellence in Branding and Marketing at the Rajasthan Leadership Awards 2025, Special Recognition in the Best NBFC category at the ET Rajasthan Business Awards 2024 and the Winner Award at the 7th ICC Social Impact Awards 2025 for promoting education in the SME category. Further reinforcing its commitment to responsible and sustainable financial inclusion, Namdev Finvest has secured the Gold-Level Client Protection Certification from MicroFinanza Rating (MFR) and the prestigious Stakeholder-Verified Orange Seal Certification from Impact Investment Exchange (IIX), underscoring its dedication to responsible lending, client protection, and creating measurable social impact.
