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Entity-Specific Rating Rationales

02 Feb 2026

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Sarvaatmah, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Sarvaatmah, backed by a pool of microfinance loan receivables

03 Dec 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Agastya Nov-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Agastya Nov-25, backed by a pool of microfinance loan receivables

03 Dec 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Abhimanyu Nov-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Abhimanyu Nov-25, backed by a pool of microfinance loan receivables

27 Oct 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Raghunandan Oct-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Raghunandan Oct-25, backed by a pool of microfinance loan receivables

23 Sep 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vakratunda Sep-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vakratunda Sep-25, backed by a pool of microfinance loan receivables

01 Sep 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by MAHADEV Aug-2025, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by MAHADEV Aug-2025, backed by a pool of microfinance loan receivables

28 Aug 2025

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Liverpool Apr-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Liverpool Apr-25

06 Jun 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Liverpool Apr-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Liverpool Apr-25, backed by a pool of microfinance loan receivables

29 Jan 2024

Svatantra Microfin Private Limited: Rating withdrawn

Svatantra Microfin Private Limited: Rating withdrawn

04 Dec 2023

Svatantra Microfin Private Limited: Update on entity

Svatantra Microfin Private Limited: Update on entity


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Entity-Specific Credit Perspective Reports

04 Feb 2026

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

03 Dec 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

03 Dec 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

28 Oct 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

29 Sep 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

04 Sep 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

06 Jun 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

10 Mar 2023

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- Provisional [ICRA]AA+(SO) --
PTC Series A -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
Subordinated Debt -- -- Withdrawn --
PTC Series A1 -- -- * --
Northern Arc 2019 MFI Roopkund PTC Series A1 -- -- * --

Our Analysts

Analyst 1

Abhishek Jena

Analyst 2

Gaurav Mashalkar

Sector Head

Manushree Sagar
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