Diversified business conglomerate Eleven—which holds interests across healthcare, financial services, and energy—has announced a fresh equity infusion of ₹216 crore into its financial services vertical.
With this latest round of primary and secondary allocations, the group’s cumulative investment in its financial services business climbs to ₹470 crore over the last four years. The move marks a definitive push to scale up its credit and financial technology presence across India.
“The ₹470 crore we have invested reflects our conviction in the sector and our capacity to back it for the long term.”
— Sunil Sachdeva, Founder and Chairman, Eleven Group
Redefining the Lending Playbook: From MFI to MSME
The capital injection is tied to a broader structural pivot for the group’s flagship Non-Banking Financial Company (NBFC) arm, SVCL.
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The Pivot: SVCL is strategically transitioning away from its original Microfinance Institution (MFI)-led model to function as a full-fledged, diversified NBFC platform.
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The Focus: Moving forward, the lender is focusing heavily on the high-growth MSME (Micro, Small, and Medium Enterprises) lending ecosystem.
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Track Record: Since its inception, SVCL has cumulatively served more than 19 lakh customers and crossed a credit disbursement milestone of over ₹10,000 crore.
Launching “Eleven Tech” with New Leadership
Alongside the capital infusion, the group announced its entry into the financial technology business-to-business (B2B) infrastructure space with the launch of Eleven Tech.
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The Mandate: Eleven Tech is designed as a technology-first SaaS (Software-as-a-Service) platform engineered to offer end-to-end operational solutions for mainstream banks, NBFCs, and external financial entities. It will provide integrated digital tools managing loan disbursements, automated collections, legal processing, and recovery workflows.
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The Leadership: To spearhead this new technology vertical, Eleven has onboarded veteran industry executive Monu Ratra as the Co-founder and Chief Executive Officer (CEO) of Eleven Tech.
The dual strategy of capitalizing its lending arm while building out an enterprise fintech layer positions Eleven to capture both the credit demand and the digital transformation needs shaping India’s financial landscape.
