Pahal Financial Services Strengthens Market Position with USD 84 Million Portfolio Acquisition

October 2025 — Ahmedabad, India.

BOPA is pleased to share that Pahal Financial Services, one of our portfolio companies,
has completed the acquisition of a USD 84 million (INR 700 crore) loan portfolio and
delivery network from Sub-K Impact Solutions. This strategic move expands Pahal’s
total portfolio to USD 276 million (INR 2,300 crore), positioning it among India’s leading
NBFC-MFIs.

The acquisition significantly enhances Pahal’s operational footprint, extending its reach
into four new states and deepening access in existing markets. With this expansion,
Pahal will be able to serve a larger base of low-income and underserved clients,
advancing its mission to promote responsible and inclusive finance across India.

Sub-K Impact Solutions will continue to focus on its customer service point (CSP)
operations, furthering its role in digital and last-mile service delivery.

This milestone reflects Pahal’s strong growth trajectory, robust governance, and
commitment to financial inclusion — all key pillars of BOPA’s investment philosophy. We
are proud to support Pahal in this next phase of its journey to scale sustainable impact
and empower communities through access to finance.

Read More:
Pahal Financial Services buys Rs 700 crore portfolio from Sub-K – The Economic Times