Thursday, Sep 29 2022 | Time 01:33 Hrs(IST)
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Business Economy


SAVE Solutions acquires SaGgraha

Mumbai, Aug 9 (UNI) In a strategic move aimed at strengthening deeper financial inclusion across India, SAVE Solutions Pvt Ltd, India’s leading rural financial services group, has acquired South India-based SaGgraha Management Services
Through this acquisition, SAVE, with its corporate office in Delhi, makes a ready and deep penetration into the diverse south Indian rural markets.
The company, last year, had also acquired a housing finance company, New Habitat Housing Finance and Development Ltd, to offer its customers all-round financial products.
Ajeet Kumar Singh, Founder Director, MD & CEO of SAVE Solutions, said: ''The acquisition of SaGgraha is transformative in advancing SAVE's strategic growth priorities in the south Indian financial market. SaGgraha is a renowned regional player, and this association will bring immediate synergies in the areas of governance, technology, operations, and diversification of portfolio.
"We sincerely thank all our stakeholders for their continued support, especially Incofin’s team for their leadership and Maj Invest’s team for their guidance on the transaction.''
UNI JS MR
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