Here at Gojo & Company, Inc. (“Gojo”), we are delighted to inform you that we have entered into an agreement with Ananya Finance for Inclusive Growth Private Limited (“Ananya”) , whereby Gojo is to acquire more than a majority stake of Ananya. The RBI (Reserve Bank of India) gave approval for the transaction on 21st June 2018, and after the 1 month public notification period, the investment was made on 26th July 2018.
Based in Ahmedabad, Gujarat, India, Ananya is a Non-Banking Financial Company (NBFC), a wholesale lender with the objective of reaching out to a large section of small microfinance institutions and farmer producer companies which support a number of small and marginal farmers in the country. Ananya is among the most responsible and reputable NBFCs in India, committed to serve socially motivated, double bottom-line enterprises. Ananya specializes in combining credit support with technical assistance to microfinance institutions and farmer producer companies.
This investment marks a giant step for us to enter the microfinance sector in India whose number of potential clients exceeds the total of all clients across other Asian countries. We are most grateful for the opportunity to serve the people of this country.