BlackSoil Capital and Caspian Debt said on Wednesday they have completed their merger following approvals from the National Company Law Tribunal’s Mumbai bench and the Reserve Bank of India, creating a $215 million non-bank lender focused on SMEs and impact-led enterprises.

The merger of the two NBFCs was completed on Oct 31, and the combined entity has been operating as BlackSoil Capital Pvt Ltd since Nov 1, the companies said in a joint statement.

The merged firm has assets under management of about ₹1,900 crore and cumulative disbursements of nearly ₹14,000 crore across 550 companies, placing it among India’s largest alternative credit lenders to SMEs. BlackSoil will gain access to around 5,000 additional borrowers through Caspian’s network, expanding its reach across early-stage impa

See Full Page