About Vistaar Financial Services
Vistaar Financial Services is a company based in Bengaluru (India) founded in 2010 by Brahmanand Hegde was acquired by Warburg Pincus in October 2022. Vistaar Financial Services has raised $216.42 million across 12 funding rounds from investors including Bandhan Bank, Union Bank Of India and Bank of Baroda. The company has 2,746 employees. Vistaar Financial Services operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others.
- Headquarter Bengaluru, India
- Employees 2,746
- Founders Brahmanand Hegde
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website vistaarfinance.com
- Social LinkedIn X Facebook
- Acquired by Warburg Pincus (Oct 2022)
- Legal Name Vistaar Financial Services Private Limited
- Date of Incorporation 04 Sep, 1991
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹924 Cr
FY 2025 · +35% YoY
- Net Profit₹221 Cr
FY 2025 · 24% margin
- EBITDA₹610 Cr
FY 2025 · 66% margin
- Total Equity Funding$216.42M (USD)
in 12 rounds
- Latest Funding Round$99.58M (USD), Series E
Aug 2025
- InvestorsBandhan Bank
& 25 more
- Employee Count2,746
- Acquired byWarburg Pincus
(Oct 2022)
Associated legal entities of Vistaar Financial Services
Vistaar Financial Services operates through Vistaar Financial Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vistaar Financial Services Private Limited CIN U67120KA1991PTC059126 | Active | 04 Sep 1991 | Bengaluru, Karnataka | ₹924 Cr | 2,746 | 10 | View details |
Funding Insights of Vistaar Financial Services
Vistaar Financial Services has successfully raised a total of $216.42M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $99.58 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $216.42M
- Total Rounds 12
- Last Round Series E — $99.58M
- First Round $3.36M
(Apr 2010)
- Investors Count 26
Latest 10 of 12 funding rounds of Vistaar Financial Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $99.58M | Series E | – | – | |
| Aug 2023 | $50M | Debt – Conventional | – | – | |
| May 2023 | $38.68M | Series D | $280.11M | Aqualagoon, Warburg Pincus | |
| Apr 2022 | $19.92M | Debt – Conventional | – | – | |
| Jun 2020 | $29.62M | Debt – Conventional | – | – | |
| Nov 2016 | $18.21M | Debt – Conventional | – | – | |
| Aug 2015 | $37.82M | Series D | $154.88M | WestBridge Capital | |
| May 2014 | $27.37M | Series C | $••••• | WestBridge Capital | |
| Aug 2013 | $133,116 | Debt – Conventional | – | – | |
| Aug 2012 | $7.35M | Series B | $••••• | Lok Capital, Omidyar Network |
| Date | Valuation | Stage |
|---|---|---|
| May 2023 | $280.11M | •••••••• |
| Aug 2015 | $154.88M | •••••••• |
| May 2014 | $••••• | •••••••• |
| Aug 2012 | $••••• | •••••••• |
| May 2011 | $••••• | •••••••• |
| Apr 2010 | $••••• | •••••••• |
Full valuation and stage history of Vistaar Financial Services
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $280.11M (May 2023). 26 investors in total: 15 institutional and 11 angel.
Investors in Vistaar Financial Services
Vistaar Financial Services has secured backing from 26 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bandhan Bank, Union Bank Of India and Bank of Baroda.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency supporting the development of SMEs | 2019 | dfc.gov | - | |
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology. | 2000 | westbridgecap.com | Quatre Bornes, Mauritius | |
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India | |
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
Venture capital investments and partnerships in diverse sectors. | 2012 | saama.vc | Bengaluru, India | |
Investment firm focusing on tech-enabled enterprises in social and environmental sectors. | 2002 | lokcapital.com | Gurugram, India | |
Motilal Oswal Alternates is engaged in alternative investment management. | – | motilaloswalalt.com | Mumbai, India | |
Infrastructure investments in impact-driven companies are managed. | – | abcimpact.com.sg | Singapore, Singapore |
Investor details for Vistaar Financial Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Vistaar Financial Services Private Limited (Vistaar Financial Services)
Vistaar Financial Services Private Limited is the primary company behind Vistaar Financial Services. The board of Vistaar Financial Services Private Limited currently have 7 directors; the longest-serving is Chandrashekhar Bhaskar Bhave, appointed in 2016. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandrashekhar Bhaskar Bhave DIN 00059856 | Director | 17 Nov 2016 | 9 yrs 10 mo | Vistaar Financial Services Private Limited |
| Manju Agarwal DIN 06921105 | Director | 24 Jan 2019 | 7 yrs 8 mo | Vistaar Financial Services Private Limited |
| Hemant Omprakash Mundra DIN 08192978 | Nominee Director | 19 May 2023 | 3 yrs 4 mo | Vistaar Financial Services Private Limited |
| Avijit Saha DIN 05102009 | Managing Director | 23 Sep 2023 | 3 yrs | Vistaar Financial Services Private Limited |
| Amrita Gangotra DIN 08333492 | Director | 28 May 2025 | 1 yr 4 mo | Vistaar Financial Services Private Limited |
| Anup Wadhawan DIN 03565167 | Additional Director | 12 Nov 2025 | 10 mo | Vistaar Financial Services Private Limited |
| Vinit Mukesh Mehta DIN 08792902 | Additional Director | 12 May 2026 | 4 mo | Vistaar Financial Services Private Limited |
People of Vistaar Financial Services
48 people are tracked at Vistaar Financial Services (25 in leadership, 5 in board & advisors, 18 in team); the tracked headcount is 2,746.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| CEO & Managing Director | Leadership | |
Laxminarayan Hallennawar | Zonal Portfolio Head (credit Head) | Leadership |
Vivek Chaudhary | National Portfolio Head | Leadership |
Ashok Nagpal | EVP & Head, Products | Leadership |
Chandrashekar Natraj | SVP & National Collection Head | Leadership |
Mayank Vajpeyee | VP & Head, Central Operations | Leadership |
Nirbhay Kumar Singh | EVP & Chief Information Officer | Leadership |
Praveen Mishra | Head Of IT Implementation | Leadership |
Prashant Kani | SVP & Chief Financial Officer | Leadership |
Vipul Panchal | Zonal Portfolio Head - AVP | Leadership |
Kapil Bharatan | EVP & Chief Human Resources Officer | Leadership |
Suhas Kulkarni | Cluster Head | Leadership |
Akshay Bajpayee | Assistant Vice President - Technolgy | Leadership |
Satyajeet M. | Zonal HR Partner | Leadership |
Ravinandan Venkatesh | Vice President - Head Of Business Analysis & New Technology Initiatives | Leadership |
Taha Hararwala | Head Of Fundraising | Leadership |
Laxminarayan Sahu | Regional Business Head | Leadership |
Nagachethan Sm | Product Head And Origination - New Products | Leadership |
Chandrashekar N. | Chief Business Officer - Alliance & Partnerships | Leadership |
28 more people are available in the full profile.
Complete people profiles for Vistaar Financial Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Vistaar Financial Services
Figures of Vistaar Financial Services Private Limited, the primary company behind Vistaar Financial Services, for FY 2025. Revenue was ₹924 Cr (+35% year on year). Net profit was ₹221 Cr (24% margin). EBITDA was ₹610 Cr (66% margin). Revenue has grown at a compounded annual rate of +29% over three years and +20% over five years.
- ₹924 CrRevenue · FY 2025 · +35% YoY
- ₹221 CrNet profit · 24% margin
- ₹610 CrEBITDA · 66% margin
- ₹97.11 CrPaid-up capital
- 2,746Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vistaar Financial Services Private Limited are on its company page.
Detailed financial statements for Vistaar Financial Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Vistaar Financial Services
5 dated milestones of Vistaar Financial Services across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Vistaar Financial Services is founded.
- Funding First funding round of $3.4M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Warburg Pincus.
- Funding Latest funding round, Series E, of $99.6M.
Competitors of Vistaar Financial Services
Vistaar Financial Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | – | 39,216 | Diversified lending services are provided as a non-banking financial institution. | |
| bajajfinserv.in | 2007 | Pune, India | – | 53,782 | Financial solutions including loans and insurance are offered. | |
| iifl.com | 1995 | Mumbai, India | – | 16,076 | Online gold, home, personal, and business loans are provided. | |
| herofincorp.com | 1991 | Delhi, India | $274.96M | 3,446 | 2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | |
| mahindrafinance.com | 1991 | Mumbai, India | $84.59M | 25,004 | Consumer and SME loans are provided by Mahindra Finance. | |
| tatacapital.com | 2007 | Mumbai, India | – | 27,075 | Diversified non-banking financial services are provided by Tata Capital. | |
| kinaracapital.com | 2011 | Bengaluru, India | $116.69M | 1,580 | Collateral-free loans are provided to MSMEs for business operations. | |
| muthootfinance.com | 1887 | Ernakulam, India | $222.53M | 31,703 | Consumer and SME loans are provided, secured by gold jewellery. | |
| northernarc.com | 2006 | Chennai, India | $283.47M | 1,139 | Household and business loans are provided with risk management support. |
Detailed competitors of Vistaar Financial Services
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Web traffic of Vistaar Financial Services
The website of Vistaar Financial Services (vistaarfinance.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▼ 39% vs previous month
Latest news on Vistaar Financial Services
Complete news archive for Vistaar Financial Services
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Similar companies to Vistaar Financial Services
10 companies that operate in the same segment as Vistaar Financial Services (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 | |
Housing loans are extended to middle-income households in India. | 2010 | Gurugram, Haryana, India | USD 111.02 M | USD 162.86 M | 3,820 |
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Frequently Asked Questions about Vistaar Financial Services
Vistaar Financial Services was founded in 2010.
Vistaar Financial Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Avijit Saha is the current CEO of Vistaar Financial Services.
Vistaar Financial Services is a funded company, having raised a total of $216.42M across 12 funding rounds to date. The company's 1st funding round was a Series B of $7.35M, raised on Apr 2010.
Vistaar Financial Services has 2,746 employees.
The primary company behind Vistaar Financial Services, Vistaar Financial Services Private Limited, reported revenue of ₹924 Cr for FY 2025, up 35% year on year.
Vistaar Financial Services was established in 2010 in Bengaluru, India, as a financial services platform. Small business loans and various financial products are extended to micro, small, and medium-sized enterprises (MSMEs) across the country. Operations center on enabling access to credit and related solutions. The sector targeted includes underserved businesses, with services designed to address funding needs in a structured manner.
Vistaar Financial Services's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Vistaar Financial Services has 26 investors. Key investors include Bandhan Bank, Union Bank Of India, Bank of Baroda, WestBridge Capital, and Warburg Pincus.
The valuation of Vistaar Financial Services is $280.11M as of May 2023.
Vistaar Financial Services operates through Vistaar Financial Services Private Limited.
Yes. Vistaar Financial Services was acquired by Warburg Pincus in October 2022.