Mar 05: Auxilo Finserve Pvt. Ltd., an education-focused Non-Banking Financial Company (NBFC), has successfully raised ₹100 crore through Secured, Rated Non-Convertible Debentures (NCDs) via private placement. The issuance has been fully subscribed by a leading mutual fund and has been assigned an A+/Stable rating by CRISIL Ratings.
This transaction marks another milestone in Auxilo’s capital market journey and further diversifies its funding mix by deepening relationships with large institutional investors. The successful subscription underscores strong institutional confidence in the company’s credit quality, governance standards, and disciplined underwriting practices.
Commenting on the development, Harsha Saksena, Chief Financial Officer, Auxilo Finserve, said
“The company has been an active issuer of listed NCDs in the past, and this transaction further diversifies our funding mix while strengthening engagement with institutional capital market participants. The participation of a leading mutual fund reflects confidence in Auxilo’s robust credit profile, prudent risk management framework, and scalable operating model. Our continued ability to raise capital in a selective funding environment demonstrates sustained investor trust and the structural opportunity within India’s education finance sector.”
The proceeds from the issuance will be utilized to support portfolio growth while further strengthening the company’s liability profile in alignment with its asset-liability management (ALM) strategy. Auxilo remains focused on maintaining a well-balanced liability structure with diversified sources of funding, including banks, development finance institutions, and capital markets.
Auxilo’s investor base includes ICICI Bank Ltd, Tata Capital Growth Fund-II, Trifecta Leaders Fund-I, Xponentia Opportunities Fund-II, and LeapFrog Investments.
As of December 31, 2025, Auxilo’s Assets Under Management (AUM) surpassed ₹5,000 crore. Headquartered in Mumbai and operating across seven major cities in India with a workforce of approximately 500 professionals, Auxilo continues to strengthen its position as a leading player in India’s education finance ecosystem – financing students pursuing higher education in India and abroad, as well as providing infrastructure financing to educational institutions.
