Diversified conglomerate Eleven—which operates across healthcare, financial services, and energy—has announced a fresh equity infusion of ₹216 crore into its financial services business.
With this latest allocation, the group’s cumulative investment in its financial services vertical reaches ₹470 crore over the last four years, deployed through a strategic mix of primary and secondary capital.
The NBFC Evolution: Scaling Up MSME Lending
The new capital injection is designed to support the ongoing structural expansion of the group’s flagship Non-Banking Financial Company (NBFC) arm, SVCL.
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The Pivot: SVCL has completed a strategic transition from its traditional microfinance institution (MFI)-led roots to operating as a diversified enterprise NBFC.
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Target Market: The lender is channeling its resources into the high-growth MSME (Micro, Small, and Medium Enterprise) lending sector.
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Cumulative Performance: Since inception, SVCL has served over 19 lakh customers across India, crossing a milestone of ₹10,000 crore in cumulative credit disbursements.
Entering the Enterprise B2B Space with “Eleven Tech”
Simultaneously, the group has announced the rollout of a standalone platform, Eleven Tech, marking its entry into the business-to-business (B2B) fintech infrastructure segment.
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The Proposition: Eleven Tech is engineered as a technology-first platform built to deliver integrated business solutions to mainstream commercial banks, NBFCs, and partner financial institutions. The software ecosystem will manage end-to-end operational verticals, including loan disbursements, automated collections, digital legal compliance, and debt recovery workflows.
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The Leadership: To guide the new technology vertical, the group has appointed veteran industry executive Monu Ratra as the Co-founder and Chief Executive Officer (CEO) of Eleven Tech.
By scaling up the balance sheet of its lending franchise while rolling out an enterprise software vertical, Eleven is positioning itself to capture both the rising demand for credit and the digital transformation needs across India’s financial landscape.
