ASPRE WITHOUT BOUNDARIES
-Headquartered in Mumbai, Avanse Financial Services Limited is a new age, fast growing education focused NBFC committed to fulfilling academic dreams of talented young students. Avanse is a part of the WGC group, a financial service conglomerate, with an AUM of ~22 billion and presence across lending, insurance and Asset management. Avanse is an associate company of DHFL, one of India’s leading Housing Finance Company. The International Finance Corporation (IFC), an arm of the World Bank holds 20 percent equity stake in Avanse.
Avanse’s vibrant team of over 250 employees and strong, diverse leadership team of 200+ years’ experience has helped Avanse grow. Today, Avanse has over 400 partnerships with educational counsellors across India. Avanse has funded over 10,000 students across 6000 courses in 1900 institutes across India and over 45 countries. In the last 4 years, the brand’s growth has been phenomenal with a CAGR of over 150%. Key strategic pillars for Avanse’s growth have been customer-centricity, process excellence, product innovation, brand positioning, people-driven approach, digitization, partnerships and alliances.
Avanse operates in the B2B and B2C verticals which are growing rapidly. The B2C vertical finances students while the B2B vertical caters to the growth capital needs of schools/institutes specially the K12 segment, a huge market of more than 15 lakh schools.
Leading Avanse successfully
Avanse Financial Services is led by CEO, Mr. Amit Gainda, an accomplished leader with over two decades of experience in the banking and financial services industry. He is responsible for setting organizational strategy basis the vision, profitability and shareholder objectives. With successful stints at DHFL, Bajaj Finance, GE Money and Citigroup, Mr. Gainda has a strong track record of building businesses from scratch and managing complexities of scale with strong emphasis on sustained profitability. Mr. Gainda is an INSEAD alumnus and holds a Master’s Degree in Business Management from International Management Institute (IMI).
Avanse – Staying Ahead
Avanse has made significant investments in the fields of technology and digital solutions for factors such as course quality, pedigree and potential employability of the institute. Avanse facilitates straight through Loan processing with automated score cards using Machine Learning. In this digital era, Avanse has made significant progress towards digitisation of systems and processes to cater to the growing millennial customer base.
Since inception, Avanse has launched several industry-first, customer-centric initiatives to create great value for its consumer base. This has helped the company grow to become one of the leading education loan providers in a short span of time.
• Student Centric Solutions: Avanse provides 100 percent funding, funding beyond tuition fees (covering visa, travel and stay expenses), customized solutions, limitless loans and instant sanctions for select programs/universities.
• Special Offers: Avanse provides special education loan offers to girl students with benefits including a 12 year term as against the available 10 year term, 25% discount on processing fee and a 1% reduction on Rate of Interest.
• Funding New age courses: Recognizing the flourishing need for unconventional courses, Avanse has developed a thorough evaluation system to offer unique funding and repayment options for new age courses.
• Digital School fee financing: Avanse recently partnered with a Fintech startup EarlySalary to introduce a first-of-its-kind digital, school education financing solution called ‘FeES’ to simplify the school fee payment process for parents through instant credit facility and convenient EMIs.
Avanse is transforming to become a diversified, customer-centric NBFC focused on consumer, MSME and commercial businesses with a leadership position in Education financing. The company is expanding its reach across the country and will be funding a wider range of educational programs. While it has further plans to focus on funding growth capital needs of higher education institutes offering courses with high employability potential. Avanse is enhancing operational capabilities and processes with an aim of improving customer experience and operational productivity through technology.