New York City-based global private equity firm Warburg Pincus LLC announced that it had entered into a definitive agreement to acquire an 80% equity stake in Mumbai, India-based Avanse Financial Services Limited for $45 million, from the Wadhavan Global Capital group.
Avanse is an education focused Non-Bank Finance Company . Since setting up in 2013, Avanse has funded over 15,000 students across 6,000 courses in over 2,000 institutions across India and over 45 countries. Avanse has partnered with 500+ educational counselors across India and has also funded over 300 educational institutions covering 700,000 students. The company has over $400 million under management.
Vishal Mahadevia, managing director and India head, Warburg Pincus said, “We believe that education is an important priority for India, and specialized lenders, like Avanse, will play a strong role in meeting aspirations of young Indians.” Amit Gainda, CEO, Avanse, said, ” The education financing market is still evolving and having a long term, committed partner like Warburg Pincus on board, gives us the opportunity to play a decisive role in this fast-growing segment.”
Last updated: December 26th, 2025
