MUMBAI: Mufin Group just made a big-money move. In an all-cash deal that sent ripples through the financial sector, Mufin Group has acquired a majority stake in LKP Finance Limited, boosting its net worth by a hefty Rs 370 crore. More than just an acquisition, this is a power play-one that positions Mufin as a dominant force in the lending industry.

Mufin Group MD Kapil Garg described the move as a strategic game-changer, “This acquisition is a pivotal step in our journey to scale and transform our business. By leveraging LKP Finance’s capital base alongside Mufin’s expertise in lending, we will drive financial inclusion, enhance liquidity, and introduce cutting-edge financial products. Our vision is to empower businesses and individuals with seamless access to credit, fuelling sustainable economic growth.”

The acquisition is not just about numbers; it’s about reach. LKP Finance brings with it a strong western India market presence, a deep-rooted financial legacy, and an established reputation. By absorbing LKP’s network and credibility, Mufin Group is gearing up to scale lending operations, expand financial services, and drive sustainable economic growth across key regions.

With this deal, Mufin Group’s capital base swells by Rs 370 crore, giving it a significant liquidity boost to fuel expansion. LKP Finance’s industry experience, paired with Mufin’s aggressive lending approach, creates a formidable financial powerhouse. The acquisition is set to accelerate Mufin’s mission of providing accessible, innovative, and tailored financial solutions to businesses and individuals alike.