About Us

Avanse Financial Services Limited is a new age, education-focused NBFC on a mission to provide seamless and affordable education financing for every deserving Indian student.

Established in 2013, Avanse is on a journey to strengthen its leadership position in Education Lending by creating solutions for individuals (Education Loans) and Indian institutions (Education Infrastructure Financing).

We have solutions for every segment of the Indian education sector covering school education to post graduation while also contributing to build the education infrastructure in the country.

Warburg Pincus, a leading global private equity firm holds 80% of equity stake in Avanse. With over $65 billion in private equity assets under management across 185 companies. Warburg Pincus has a highly diversified portfolio by stage, sector and geography. International Finance Corporation (IFC), an arm of the World Bank holds 20% equity stake.

Education Loan

Our Education Loans have been designed to finance education across a broad spectrum of student needs.

Our Financial Solutions:

  • Higher Education Loans for International Studies
  • Higher Education Loans for India
  • Education Loans for E-Learning
  • School Fee Financing
  • Education Loans for Vocational Courses

Avanse has fulfilled education dreams of ~1.2Lac academic aspirants across 12,000+ institutes and courses across 50+ countries.

Education Infrastructure Financing

Avanse has lending solutions designed to build quality education infrastructure in the country. We have solutions for financing working and growth capital needs of educational institutes (primarily catering to K12 i.e. Schools).

Avanse also has received a refinance from NABARD for its education infrastructure funding under ‘Social Infrastructure’ category helping us in making quality education accessible to far corners of the country.

Avanse has also provided growth and working capital to ~1K educational institutes catering to over 6 lacs students.

Our Mission

Making Education Financing Seamless & Affordable for every deserving Indian student.

Cultural Pillars









Consistent Value Creation

Consistent Value Creation

Happiness Quotient

Happiness Quotient

Board of Directors
Mr. Neeraj Swaroop

Mr. Neeraj Swaroop is a professional with over 36 years of experience; 27 years in Financial Services and 9 years in Consumer Goods (FMCG). He has built and led businesses across geographies in Asia. Currently, he is a Professor & Head at the Centre for Financial Studies, S.P Jain Institute of Management and Research. He was Chief Executive Officer – Standard Chartered Singapore, South East Asia, South Asia. He has handled large operations with approximately 4000 employees, USD 100 billion of Assets, 2 Billion revenue, 750 million OP. He was responsible for bank’s franchise in 9 South East Asia countries and Australia. Earlier, he was group head of consumer bank HDFC Bank Limited. He holds a bachelor’s degree in mechanical engineering from Indian Institute of Technology, Delhi and a post graduate diploma in business administration from Indian Institute of Management, Ahmedabad. He also holds a post-graduation degree in retail bank management from University of Virginia.

Mr. Neeraj Swaroop Independent Director

Ms. Vijayalakshmi R. Iyer

Ms. Vijayalakshmi R. Iyer is former member (Finance & Investment) of IRDAI and Chairperson & Managing Director (CMD) of Bank of India (BOI) with nearly four decades of service and contributions to the Indian financial sector. In her role as CMD, Ms. Iyer revamped BOI as a Financial Supermarket offering all kinds of banking and financial services under one umbrella. Given her efforts, she was honored with best PSU Bank Award (BOI) for overall growth in performance by Dun & Bradstreet and second Most Trusted Brand among PSU Banks by Economic Times. Ms. Iyer has also served as Executive Director in Central Bank of India. She was conferred the Golden Peacock Excellence Award for best HR practices at Central Bank. She has been a speaker at number of Prominent Conferences & Forums including World Bank, Harvard Business School, Indian School of Business (ISB), CII, ICRA, ASSOCHAM, BCCI, etc. She has also been on the advisory board of several committee’s including Committee on Corporate Bond Market (SEBI), National Institute of Bank Management, Wage Negotiation Committee - Indian Banks Association (IBA) and was Head of Risk Management Committee in IBA. She is Commerce graduate and also a fellow of CAIIB of Indian Institute of Banking and Finance.

Ms. Vijayalakshmi R. Iyer Independent Director

Mr. Narendra Ostawal

Mr. Narendra Ostawal is a Chartered Accountant and has completed Post Graduate Diploma in Business Management from the Indian Institute of Management, Bangalore. Presently, Mr. Ostawal is a Managing Director of Warburg Pincus India Private Limited and leads investment evaluation in the financial services sector and was associated with various investments of Warburg Pincus group including Kotak Mahindra Bank, Capital First Limited and AU Small Finance Bank Limited. He is a Nominee Director of Fusion Micro Finance Private Limited. He was a Nominee Director on the Board of AU Small Finance Bank Limited and Capital First Limited.

Mr. Narendra Ostawal Non-Executive Director

V. Ravi

Ravi is an A.C.A. from the Institute of Chartered Accountants of India and has done I.C.W.A from the Institute of Cost & Works Accountants of India. He is a B.Com. Graduate from the University of Madras. He has undergone multiple robust trainings which strengthened his overall professional skills - Mahindra Universe Program conducted by Harvard Business School, Managing by Results conducted by Homi Mulla, Achieving Outstanding Leadership Program by Mahindra & Mahindra Ltd. & MMDC Training Institute, Relationship Management Programme by Homi Mulla, IIMC Global Managers Program by IIM Kolkata, Strategic Management Program by IMD, Switzerland and Global Managers Program by IIM Bangalore. Ravi is the former Executive Director & Chief Financial Officer of Mahindra & Mahindra Financial Services. He was a core member of the team who was instrumental in setting up and scaling five companies of the Mahindra Group. During his professional journey, he worked with esteemed organizations such as Mahindra & Mahindra Financial Services, Mahindra Ugine Steel Company Ltd., and many more companies across the sector. He has been responsible for long-term fund raising, equity capital raising & allocation, investor relations, internal audit, corporate strategy, budgeting, and other consultative guidance. He is a member of key industry committees such as Finance Industry Development Council, Corporate Finance Committee of Federation of Indian Chambers of Commerce & Industry, Capital Markets Group of Banking, Finance & Economics Committee of the Bombay Chamber of Commerce and Industry, CII National Committee for CFOs, Association of Finance Professionals of India (AFPI), Academic Council of NMIMS, Bangalore, Asia Council of the Conference Board, USA and the Informal Advisory Group of the RBI. During his professional stint, he has been conferred with multiple marquee awards and recognitions.

Mr. V. Ravi Independent Director

Ms. Savita Mahajan

Ms. Savita Mahajan is former Deputy Dean at the Indian School of Business (ISB), India. She was associated with the ISB for 14 years since its inception in 2001 and was responsible for building its second campus at Mohali, Punjab, as its Chief Executive Officer. She holds an undergraduate degree in Economics from Delhi University and did her MBA from the Indian Institute of Management, Ahmedabad, in 1981. Since then, she has worked in several Indian organisations, including Maruti Udyog Limited, Bharat Technologies, Karvy Consultants and Intergraph India, in diverse industry sectors, including automobiles, engineering, financial services and software. She is widely travelled and her professional interests include Strategic Management, Institutional Values, Leadership and Organisational Change. She has also carried out consulting and training assignments for corporations and development organisations, including GE Capital, the Planning Commission, the World Bank and the Tibetan Government. Ms. Mahajan was featured in Business Today’s 2013 list of “30 Most Powerful Women in Indian Business. She was an independent Director on the Board of IFCI ltd, nominated by the Govt. of India until April 01, 2017 and presently hold directorship in listed and unlisted companies in India.

Ms. Savita Mahajan Independent Director