Hiranandani Financial Services Private Limited (HFS) has raised ₹800 crore in its debut equity investment round from Vitruvian Partners, marking one of the largest private equity investments in India’s non-banking financial services (NBFC) sector this year.
Founded by Harsh Hiranandani and Neha Hiranandani, HFS provides secured loans against property and operates a hybrid distribution model combining on-ground presence with a digital technology stack that enables real-time KYC, automated underwriting, and paperless onboarding.
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Vitruvian Partners, a global private equity firm headquartered in London, made the investment via its Singapore platform, acquiring a minority stake in HFS. The infusion is expected to support HFS in expanding its footprint across tier II and tier III cities, strengthening its secured lending portfolio, and investing in technology and talent.
According to reports, the deal closed in August 2025, with DC Advisory acting as the financial advisor.
Legal Advisory by Cyril Amarchand Mangaldas (CAM)
Cyril Amarchand Mangaldas advised Hiranandani Financial Services Private Limited and its founders, Harsh and Neha Hiranandani, on the transaction.
Transaction & Structuring Team
Vandana Sekhri, Partner
Aditi Manchanda, Partner
Assisted by: Naimi Kamdar (Principal Associate), Anukriti Bhattad (Senior Associate), SB Aditi (Associate)
Vendor Due Diligence Team
Led by Aditi Manchanda, Partner, supported by
Naimi Kamdar, Deepjoyika Dastidar, Lokit Khurana, Anukriti Bhattad, Kabeer Jay, Kanishka Iyer, Rishi Rathod, and Shivendra Mehndiratta
Regulatory & Compliance Due Diligence
Led by Jian Johnson, Partner, with support from
Shobhit Dave, Yusuf Kathawala, Medha Puvvala, Kruttika Lokesh
Intellectual Property, IT & Data Privacy
Led by Arya Tripathy, Partner, assisted by
Aishwarya Joshi, Milind Yadav
Regulatory Practice
Led by Gazal Rawal, Partner, supported by
Yash Mukadam, Ujjwal Agrawal
Employment Law
Led by Sowmya Kumar, Partner, supported by
Luv Saggi, Jay Sharma
Tax
Thangadurai V.P, Principal Associate
Strategic Significance
The transaction represents Vitruvian Partners’ maiden investment in India’s NBFC space, underscoring growing global investor confidence in the secured retail credit segment.
For HFS, the ₹800-crore infusion marks a pivotal moment in its expansion strategy—enabling it to strengthen credit underwriting capabilities, enhance customer analytics, and scale branch-lite models in underserved geographies.
Why It Matters
The deal is among the largest private equity investments in the NBFC sector in 2025, signaling a renewed surge of investor interest following a period of cautious capital deployment post-IL&FS and DHFL crises.
It highlights the increasing role of global PE firms in driving India’s credit inclusion and SME lending transformation.
For HFS, it strengthens the brand’s position as a technology-enabled, retail-focused lender backed by one of India’s most prominent business families.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions
