Home Credit India Finance Pvt Ltd has executed a share purchase agreement (SPA) on July 15, 2026, to acquire 100 per cent of the issued, subscribed and paid-up share capital of Varthana Finance Pvt Ltd, formerly known as Thirumeni Finance Pvt Ltd, TVS Holdings said in a regulatory filing.
The proposed transaction is subject to receipt of applicable regulatory approvals, including approval from the , and fulfilment of customary closing conditions, it added.
The cost of is Rs 967 crore, subject to adjustments as contained in the SPA, the filing said.
The transaction will strengthen TVS Venu Group’s position in India’s and create opportunities to support Varthana’s next phase of growth, the diversified conglomerate said in a statement.
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“Varthana has built a differentiated franchise within the education-finance ecosystem, with deep expertise in a specialised lending segment and a strong reputation among the institutions it serves,” Chairman Sudarshan Venu said.
“The proposed acquisition will broaden our participation in secured and longer-tenure lending while complementing the group’s existing strengths,” he added.
Varthana Whole-time Director and Executive Vice Chairman Steve Hardgrave said,”We look forward to joining forces with TVS as we continue to support private schools throughout the country. The TVS legacy of trust that has empowered millions of customers across India is closely aligned with Varthana’s mission and values.”
Hardgrave further said,”TVS’ deep roots, extensive resources and operational excellence will help strengthen our platform, expand our reach and support the next phase of Varthana’s growth.”
With the addition of Varthana’s specialised education-finance franchise to its growing financial services platform, TVS Venu Group will expand its presence into a complementary secured and longer-tenure lending segment, the statement said.
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