Tyger Capital: Company Profile

Background

Overview

Tyger Capital Private Limited is a Non-Banking Financial Company (NBFC) headquartered in Mumbai, Maharashtra, India. Established in 2016, the company commenced lending operations in April 2017 with a mission to support entrepreneurship by providing financial solutions tailored for Micro, Small, and Medium Enterprises (MSMEs) and rural development. Tyger Capital is dedicated to being the most "economical" and "convenient" lender, offering instant disbursement to underserved communities and small businesses.

Mission and Vision

• Mission: To support entrepreneurship by providing financial solutions tailored for MSMEs and rural development, ensuring instant disbursement to underserved communities and small businesses.

• Vision: To be a trusted financial partner that educates, guides, and supports customers, fostering active participation in the financial ecosystem.

Industry Significance

Tyger Capital plays a pivotal role in India's financial sector by addressing the credit needs of underserved segments, particularly in semi-urban and rural areas. By focusing on MSMEs and first-time homeowners, the company contributes to economic growth and financial inclusion.

Key Strategic Focus

Core Objectives

• Financial Inclusion: Provide accessible financing solutions to underserved communities and small businesses.

• Customer-Centric Approach: Offer instant disbursement and personalized financial services.

Areas of Specialization

• Business Loans: Tailored financial solutions for MSMEs to support their growth and expansion.

• Affordable Housing Finance: Assisting first-time homeowners in semi-urban and rural India to realize their homeownership aspirations.

• Rural Mobility: Providing financing for farm equipment and commercial vehicles to enhance productivity and mobility.

Key Technologies Utilized

• Digital Platforms: Leveraging technology to streamline loan application and disbursement processes.

• Data Analytics: Utilizing data-driven insights to assess creditworthiness and tailor financial products.

Primary Markets Targeted

• Semi-Urban and Rural India: Focusing on regions with limited access to formal credit facilities.

• Micro-Entrepreneurs and First-Time Homeowners: Addressing the financial needs of small business owners and individuals seeking affordable housing.

Financials and Funding

Funding History

• Acquisition by Bain Capital: In 2023, Bain Capital acquired a 90% stake in Tyger Capital, leading to a rebranding from Adani Capital to Tyger Capital.

Recent Funding Rounds

• Capital Infusion: Following the acquisition, Tyger Capital received a fresh capital infusion of approximately ₹775 crore, augmenting its consolidated net worth to ₹1,969 crore as of March 31, 2024.

Notable Investors

• Bain Capital: A global investment firm that holds a 90% stake in Tyger Capital.

Utilization of Capital

• Branch Expansion: Plans to open 60-65 new branches and onboard 600 employees in the current financial year to broaden its network across India.

• Technological Advancements: Investing in digital platforms and data analytics to enhance service delivery and operational efficiency.

Pipeline Development

Key Pipeline Candidates

• Affordable Housing Loans: Expanding offerings to first-time homeowners in semi-urban and rural areas.

• Business Loans for MSMEs: Developing customized financial products to support the growth of small and medium-sized enterprises.

Stages of Development

• Product Development: Ongoing refinement of loan products to meet the diverse needs of target segments.

• Market Penetration: Strategic expansion into underserved regions to increase market share.

Target Conditions

• Semi-Urban and Rural Markets: Focusing on areas with limited access to formal financial services.

• Micro-Entrepreneurs and First-Time Homeowners: Addressing the specific financial needs of these groups.

Anticipated Milestones

• Branch Expansion: Opening of 60-65 new branches in the current financial year.

• Technological Integration: Implementation of advanced data analytics and digital platforms to enhance service delivery.

Technological Platform and Innovation

Proprietary Technologies

• Digital Loan Application System: An online platform facilitating seamless loan applications and approvals.

• Data Analytics Engine: A system that analyzes customer data to assess creditworthiness and tailor financial products.

Significant Scientific Methods

• Machine Learning Algorithms: Utilized to predict loan repayment behavior and optimize risk management.

• Predictive Analytics: Employed to forecast market trends and customer needs, informing product development.

Leadership Team

Gaurav Gupta: Founder, Managing Director & CEO

• Professional Background: Experienced in financial services, focusing on inclusive growth and customer-centric solutions.

• Contributions: Led the rebranding from Adani Capital to Tyger Capital and spearheaded the expansion into underserved markets.

Sarit Chopra: Non-Executive Director

• Professional Background: Leads the Special Situation investing strategy for Bain Capital in Asia, with over 22 years of experience in private investments across Asia.

• Contributions: Provides strategic guidance and oversight to Tyger Capital, leveraging extensive experience in investment management.

Kevin Chong: Non-Executive Director

• Professional Background: Partner and head of the Special Situations Portfolio Group in Asia Pacific at Bain Capital, with a background in business transformations and M&A.

• Contributions: Offers expertise in portfolio management and strategic growth initiatives.

Suruchi Nangia: Non-Executive Director

• Professional Background: Managing Director on the Special Situations team at Bain Capital, with experience in private equity and credit investments.

• Contributions: Provides insights into investment strategies and financial structuring.

Bharat Sampat: Independent Director

• Professional Background: Chartered Accountant with 38 years of experience in manufacturing, banking, and finance shared services.

• Contributions: Offers financial oversight and governance expertise to Tyger Capital.

Smita Bhagat: Independent Director

• Professional Background: Former Group Head of Branch Banking, Retail Forex, Government Business, and Alternate Channels at HDFC Bank.

• Contributions: Brings extensive experience in retail banking and financial inclusion to the board.

Competitor Profile

Market Insights and Dynamics

• Market Size: The Indian NBFC sector is substantial, with a growing demand for financial services in semi-urban and rural areas.

• Growth Potential: High, driven by increasing financial inclusion and government initiatives supporting MSMEs and affordable housing.

• Industry Trends: Digitalization of financial services, adoption of data analytics, and a focus on customer-centric solutions.

Competitor Analysis

• Aye Finance: Provides business loans to underserved micro-enterprises in India, focusing on financial inclusion.

• Capital Float: Offers working capital loans to SMEs, leveraging technology for quick loan disbursement.

• Lendingkart: Provides short-term working capital loans to small businesses, using data analytics for credit assessment.

Strategic Collaborations and Partnerships

• Credgenics: Partnered to enhance debt collection processes through AI-powered solutions, improving operational efficiency and customer service.

Operational Insights

Strategic Considerations

• Market Position: Tyger Capital holds a strong position in the NBFC sector, focusing on underserved markets with tailored financial products.

• Competitive Advantages: Customer-centric approach, rapid loan disbursement, and a robust digital platform.

Operational Differentiators

• Branch Network: Extensive presence with over 250 branches across nine states, enabling deep market penetration.

• Technological Integration: Use of advanced data analytics and digital platforms to streamline operations and enhance customer experience.