Navi Technologies
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Company History
Founded 2018 in Bengaluru, Karnataka, India
After selling Flipkart to Walmart in 2018 for $16B, Sachin Bansal poured over ₹4,000 crore of his personal fortune into a new mission: building a completely branchless, algorithm-driven digital financial powerhouse.
Sachin Bansal and Ankit Agarwal incorporate BAC Acquisitions in Bengaluru in December 2018 to deploy venture capital and build consumer-facing technology enterprises.
BAC Acquisitions acquires Chaitanya India Fin Credit for ₹739 crore, securing an RBI NBFC lending license and bringing microfinance assets onto the balance sheet.
Corporate entity is rebranded as Navi Technologies Limited; the flagship Navi mobile application is launched on Android, offering 100% paperless personal loans in 5 minutes.
Navi acquires DHFL General Insurance for ₹100 crore, rebranding it as Navi General Insurance to underwrite retail health and motor insurance.
SEBI approves the takeover of Essel Mutual Fund; Navi AMC is established, launching the landmark Navi Nifty 50 Index Fund with an unprecedented low expense ratio of 0.06%.
Navi launches digital home loans up to ₹5 crore with zero processing fees and integrates National Payments Corporation of India (NPCI) UPI payment infrastructure.
Navi Finserv officially crosses ₹10,000 crore (.2B) in gross loan assets under management, reporting sustained operating profitability and ₹2,040+ crore in consolidated revenue.
Navi Finserv completes multiple tranches of secured non-convertible debentures (NCDs) and deepens institutional co-lending partnerships with leading commercial banks.
Sachin Bansal acquired Chaitanya India Fin Credit for approximately ₹739 crore to secure an active Reserve Bank of India (RBI)-regulated Non-Banking Financial Company (NBFC) license and rural microfinance infrastructure.
Acquired the distressed asset management business of Subhash Chandra's Essel Group to obtain SEBI-registered mutual fund sponsorship rights and operational licenses.
Acquired DHFL General Insurance from Wadhawan Global Capital for approximately ₹100 crore (.5M) to secure an Insurance Regulatory and Development Authority of India (IRDAI) non-life underwriting license.
Since its establishment in 2018, Navi Technologies expanded from an early-stage venture into a recognized leader in Fintech / Digital Lending, overcoming key market challenges.
Over its history, Navi Technologies executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, Navi Technologies maintains resilience through changing technological and economic cycles.