Ownership and Investments
As of September 2024, Avanse’s ownership structure includes Olive Vine Investment Ltd holding a 59.32% stake, with other significant investments from entities such as Warburg Pincus. In March 2024, the company secured an equity investment of ₹1,000 crore from Mubadala Investment Company and Avendus PE Investment Advisors, aiming to enhance its brand, digital solutions, and product offerings.
Financial Performance
In the quarter ending December 2024, Avanse reported a net profit of ₹128.09 crore, marking a 42.01% increase compared to the same period in the previous year. Sales during this quarter rose by 39.82% to ₹624.91 crore.
Technological Advancements
Avanse has integrated advanced technologies to streamline its operations. The company implemented Scienaptic’s AI-powered credit decisioning platform, enabling automated loan decision-making processes to provide seamless education financing to students.
Initial Public Offering (IPO) Plans
In June 2024, Avanse filed for an Initial Public Offering (IPO) with the aim of raising approximately ₹35 billion (around $419 million). The IPO comprises a fresh issue of shares worth ₹10 billion and an offer-for-sale of shares valued at ₹25 billion by existing shareholders. The proceeds are intended to meet future capital requirements and support business expansion.
Special Education Loan Product for Women
In March 2025, to commemorate International Women’s Day, Avanse introduced ‘SWALAKSH,’ a tailored education loan product aimed at supporting female students aspiring to pursue higher education abroad. This initiative offers a 0.25% interest rate concession, a flat processing fee of ₹10,000, and waives the last 12 equated monthly installments (EMIs), thereby reducing the overall repayment burden. Additionally, students with an academic score above 80% or a CGPA of 3.5 receive an extra benefit of ₹10,000.
Technological Advancements
Avanse has integrated Scienaptic’s AI-powered credit decisioning platform to automate its loan decision-making processes. This implementation aims to enhance the efficiency and accuracy of loan approvals, providing seamless education financing solutions to students.
Initial Public Offering (IPO) Plans
Avanse is preparing for an Initial Public Offering (IPO) to raise approximately ₹3,500 crore. The IPO structure includes a fresh issue of ₹1,000 crore to support business expansion and digital innovation, and an offer-for-sale of ₹2,500 crore by existing stakeholders. The proceeds are intended to bolster Avanse’s capital base and facilitate growth in its education-focused loan portfolio.
Financial Performance
In the quarter ending December 2024, Avanse reported a net profit of ₹128.09 crore, a 42.01% increase compared to ₹90.20 crore in the same quarter of the previous year. Sales during this period rose by 39.82% to ₹624.91 crore, up from ₹446.95 crore in the corresponding quarter of the previous year.
