Svatantra Microfin Completes Amalgamation with CIFCPL & Svatantra Holding
In March 2026, Svatantra Microfin Private Limited (SMPL) completed its amalgamation with Chaitanya India Fin Credit Private Limited (CIFCPL) and Svatantra Holding Private Limited (SHPL), forming the 2nd largest Non-Banking Financial Company–Microfinance Institution (NBFC-MFI) in India.
Amalgamation Overview:
Approval : The merger was approved by the National Company Law Tribunal (NCLT), Mumbai, Maharashtra, along with clearances from the Reserve Bank of India (RBI), Competition Commission of India (CCI), and BSE Limited.
Integration: The merger integrates the operations of Svatantra Microfin, CIFCPL, and its holding entity.
Corporate Restructuring: As part of the restructuring, Svatantra Micro Housing Finance Corporation Limited (SMHFCL) became a wholly owned subsidiary of SMPL, enabling the group to offer a wider product portfolio including microloans and secured housing finance.