Tyger Capital

What Tyger Capital does

Tyger Capital Pvt. Ltd. is an Indian non-banking financial company (NBFC) founded in 2017 and headquartered in Mumbai (registered office in Ahmedabad). Originally established as Adani Capital, the company was acquired by Bain Capital in 2023 (approximately 90-93% controlling stake) and rebranded to Tyger Capital in August 2024. The company provides secured lending products to micro, small, and medium enterprises, farmers, commercial vehicle operators, supply chain participants, and first-time homeowners in semi-urban and rural India through five product lines: Business Loans (MSME secured, ₹1.5 lakh–₹75 lakhs, 24–180 months), Farm Equipment Loans (up to 95% funding, crop-cycle-aligned repayment), Commercial Vehicle Loans (up to 100% funding), Supply Chain Finance (dealer/distributor and vendor financing), and Tyger Home Finance (a housing finance subsidiary for rural first-time homeowners).

The business model is interest income-driven, with interest rates of 12-24% per annum varying by risk profile. The company operates 227+ branches across India, supported by partner ecosystems including CSC Grameen eStore's VLE network, NeoByt's 8,000+ field agents across 11 states, Airpay Capital's digital lending platform, and NICT Technologies. Underlying technology includes AI-based credit scoring, paperless digital loan processing with electronic KYC, the My Tyger mobile application, an EMI calculator, and an omni-channel customer service platform integrating WhatsApp, missed-call callbacks, live chat, and call center support. As of Q3 FY2025, standalone sales were ₹241.67 crore (30% YoY growth), net profit was ₹35.93 crore (60.26% YoY growth), operating margin was 19.46%, cumulative loan disbursements exceeded ₹13,000 crore, and the customer base stood at 125,000+. The company holds a CRISIL A+/A1+ credit rating (December 31, 2024) and has announced plans to list on Indian stock exchanges targeting ₹20,000 crore in AUM.

Name

Tyger Capital

Legal name

Tyger Capital Pvt. Ltd.

Website

https://tyger.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tyger Capital is an Indian NBFC providing secured MSME, farm equipment, commercial vehicle, supply chain, and rural home loans to micro-entrepreneurs, farmers, and underserved borrowers across semi-urban and rural India through 227+ branches and partner ecosystems.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services (NBFC) / Lending

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Short-Term Business Credit Institutions (6153), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• MSME business loans
• Farm equipment financing
• Commercial vehicle loans
• Supply chain finance
• Rural housing finance

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. MSME / Business Loans: Tyger Capital provides secured business loans to micro, small, and medium enterprises ranging from ₹1.5 lakh to ₹75 lakhs with tenures of 24-180 months. Interest income and processing fees constitute the primary revenue stream from this segment.
2. Farm Equipment Loans: Tractor and agricultural equipment financing offered to farmers with funding up to 95% of asset value, tenures up to 6 years, and repayment structured around crop cycles. Revenue generated through interest income on the loan portfolio.
3. Commercial Vehicle Loans: Loans for small commercial vehicles, light commercial vehicles, and intermediate commercial vehicles with funding up to 100% and tenures up to 5 years. The company has disbursed over ₹13,000 crore across its lending portfolio, with interest income as the primary revenue mechanism.
4. Supply Chain Finance: Supply chain finance solutions including dealer/distributor finance (revolving short-term working capital secured by purchases from manufacturers) and vendor finance (invoice discounting against goods supplied or services rendered). Revenue is generated through interest and discounting fees.
5. Tyger Home Finance: Home finance subsidiary focused on first-time homeowners in semi-urban and rural India, providing loans for purchasing or constructing homes.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

Tyger Capital is a Non-Banking Financial Company (NBFC) that extends secured business loans (Rs 1.5 lakh–Rs 75 lakhs, 24–180 months) to micro, small and medium enterprises, tractor and farm equipment loans (up to 95% funding, up to 6 years) to farmers, loans for small commercial vehicles (up to 100% funding, up to 5 years) to transport operators, supply chain finance (dealer/distributor finance and vendor invoice discounting) to businesses, and home finance products through its subsidiary Tyger Home Finance, serving semi-urban and rural India across 227+ branches.

Product overview

Tyger Capital is an NBFC (Non-Banking Financial Company) that operates as a unified financial services platform offering five core lending products: Business Loans – MSME (Secured) for small and medium enterprises, Farm Equipment Loans for agricultural machinery, Commercial Vehicles Loans for transport businesses, Supply Chain Finance comprising Dealer/Distributor and Vendor Finance programs, and Tyger Home Finance as a dedicated housing finance subsidiary. The company focuses on serving micro-entrepreneurs, farmers, and first-time homeowners in semi-urban and rural India, positioning itself as a comprehensive financial partner for underserved communities.

Differentiator

Problem solved

Functional benefit

Brands

• Tyger Home Finance: Subsidiary focused on home finance products for semi-urban and rural India, making first home ownership accessible to underserved communities.

Products and services

• Business Loans – MSME (Secured) Secured business loans for micro, small and medium enterprises providing working capital, funds for facility expansion, and business growth financing. Loan amounts range from ₹1.5 lakh to ₹75 lakhs with tenures of 24 to 180 months. Targeted at MSME owners in semi-urban and rural India who lack access to formal credit from traditional banks.
• Farm Equipment Loans Financing solutions for tractors (new and used), harvesters, micro-irrigation systems, transplanters, rotovators and refinancing of existing tractors for farmers and agricultural entrepreneurs in rural India. Offers up to 95% funding with customized loans based on land holdings and crop-cycle-aligned repayment options.
• Commercial Vehicles Loan Loans for small commercial vehicles including 3-wheelers, mini trucks, and other commercial transport vehicles, supporting transportation and logistics businesses in India. Provides up to 100% funding with tenures up to 5 years for individual owners and small fleet operators.
• Supply Chain Finance Supply chain financing solutions for dealers, distributors and vendors including (a) Dealer and Distributor Finance providing revolving short-term working capital secured by purchases from manufacturers, with approval typically within 48–72 hours; and (b) Vendor Finance offering short-term working capital via invoice discounting against purchase orders or work orders. Designed to optimize cash flow within supply chain ecosystems of anchor manufacturers and companies.
• Tyger Home Finance Dedicated housing finance subsidiary providing home purchase and construction loans for first-time homeowners in semi-urban and rural India where access to formal home credit from traditional lenders is limited. Operates as a sub-brand under Tyger Capital with its own website (tygerhomefinance.in) and distribution through branch locations.

Quantifiable outcome

• ₹13,000+ crore in cumulative loan disbursements, with 125,000+ customers served across 227+ branches as of 2025
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles6 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• India Khelo Football (IKF)flagshipStrategic or Co-development Partner · 1 July 2024Tyger Capital partnered with India Khelo Football (IKF) to launch the Tyger IKF Trials — a grassroots football talent identification program targeting 100 cities across India for young footballers aged under-13, under-15, and under-17. Since IKF's inception in 2021, three seasons have attracted over 17,000 participants. The program provides performance reports, coaching, and exposure to professional scouts, creating pathways for young athletes. Tyger Capital's brand is prominently featured in the partnership, demonstrating its commitment to sports development and community engagement.
• CSC Grameen eStorecoreChannel Partner/ Reseller/ Distributor · 1 January 2024CSC Grameen eStore, a subsidiary of government-promoted CSC SPV, partnered with Tyger Capital to provide business loans to Village Level Entrepreneurs (VLEs) for purchasing products for resale through its e-commerce platform. Loans up to ₹3 lakh are initially available in Rajasthan, Gujarat, Maharashtra, Karnataka, Andhra Pradesh, and Telangana. CSC Grameen eStore has delivered over 40 lakh orders and achieved ₹450 crore in business volume. This partnership enables Tyger Capital to reach rural entrepreneurs through trusted local VLE intermediaries.
• NeoByt Fintech Private LimitedcoreChannel Partner/ Reseller/ DistributorNeoByt is a DPIIT-certified fintech company specializing in last-mile credit distribution across rural and semi-urban India. With a structured field network of over 8,000 agents across 11 states, NeoByt supports financial institutions in sourcing, qualifying, and onboarding customers for secured MSME loans, affordable housing finance, and farm equipment finance. NeoByt is an Authorized Agent Institution under Bharat BillPay System (BBPS) and an AMFI-registered Mutual Fund Distributor.
• NICT Technologies Pvt. Ltd.coreChannel Partner/ Reseller/ DistributorNICT Technologies is a service provider established in 2003 delivering solutions across financial inclusion, e-governance, rural development, capacity building, and skill development. Through its collaboration with Tyger Capital, NICT partners on initiatives aimed at expanding access, strengthening livelihoods, and driving sustainable community-led impact at scale, leveraging its strong on-ground execution capabilities across India.
• Airpay CapitalcoreChannel Partner/ Reseller/ DistributorAirpay Capital partnered with Tyger Capital to expand digital lending access for individuals and small businesses across India. Airpay Capital acts as the technology-enabled Lending Service Provider (LSP), facilitating a seamless digital loan journey with faster approvals, simplified documentation, and a compliant, customer-friendly borrowing experience through a fully digital platform, while Tyger Capital provides lending expertise and financial backing.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• L&T Finance Holdings: Diversified Indian NBFC with vehicle finance, farm equipment, and SME lending. Overlaps with Tyger across multiple product lines and rural segments, but operates at significantly larger scale with broader institutional customer base.
• Bajaj Finance: India's largest and most diversified NBFC spanning consumer, SME, commercial, and rural lending. Operates in many of the same product categories as Tyger but at vastly greater scale with broader urban and digital reach.
• Muthoot Finance: Largest Indian gold loan NBFC with deep pan-India semi-urban and rural branch network. Comparable geographic footprint and underserved customer focus, though product mix (gold vs. asset-backed) differs.
• Manappuram Finance: Large diversified Indian NBFC (gold loans, microfinance, housing, vehicle finance) also majority-controlled by Bain Capital. Strategically linked to Tyger through Bain's regulatory-mandated portfolio rationalization and similar semi-urban/rural customer base.

Direct peers

• Mahindra & Mahindra Financial Services: NBFC specializing in farm equipment, tractor, and rural vehicle financing with strong semi-urban/rural branch network. Direct overlap with Tyger's farm equipment loans and rural distribution focus.
• Cholamandalam Investment and Finance Company: Indian NBFC with heavy concentration in vehicle finance (commercial vehicles, cars, two-wheelers) and growing SME/MSME lending. Directly comparable to Tyger's commercial vehicle and secured MSME book with similar target borrower segments.
• Sundaram Finance: Established Indian NBFC with material exposure to commercial vehicle financing, home loans, and MSME lending. Comparable product mix and conservative underwriting approach similar to Tyger's secured lending philosophy.
• Shriram Finance: Large Indian NBFC dominant in commercial vehicle financing and small business lending with deep rural and semi-urban reach. Comparable to Tyger's CV loan portfolio and MSME customer base, though at meaningfully larger scale.

Emerging players

• Spandana Sphoorty Financial: Indian NBFC focused on microfinance and small business lending in rural and semi-urban markets. Comparable end-customer profile to Tyger's MSME book, with similar unsecured/semi-secured lending risk characteristics.
• IIFL Samasta Finance: NBFC subsidiary focused on microfinance and small business lending to underserved borrowers in tier-2/3 India. Comparable target segment and customer acquisition approach through field force and partner networks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/tyger.capital?igsh=MTBwNHZhMXF1c2M2Zw==
• Facebookfacebook.com/tygercapital
• LinkedInlinkedin.com/company/tyger-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tyger Capital