Au Financiers

South Asia Financial services

Au Financiers was founded by entrepreneur Sanjay Agarwal in 1996. It started with one branch in Jaipur but today it has around 200 branches across the country and focuses on lending to the low-income section of the population.

In 2017, Au Financiers converted itself to a Small Finance Bank from a Non-Banking Finance Company (NBFC), changing its name to AU Small Finance Bank.

Our investment

CDC invested $20 million in Au Financiers in 2013.

Our investment is part of a joint facility of up to $60 million that has been led by FMO, the Netherlands’ DFI. GuarantCo Ltd, an infrastructure focused guarantee fund, also invested $20 million.

Our investment will be used to expand AUF’s commercial vehicle finance business, and to help the company expand its lending to small and medium-sized enterprises (SMEs).

Expected impact

The facility will support the creation of 2,000 jobs in AUF itself. It will also provide funding and support for up to 22,000 entrepreneurs and SMEs in rural regions that are not able to access the traditional banking sector, helping to improve their livelihoods.

For example, AUF specialises in loans for commercial vehicles – trucks, vans, tractors, cars and three-wheelers – which are used to help small-scale farmers both boost agricultural production and transport goods further afield.

The company also provides business finance to shopkeepers, manufacturers and traders with a successful track record, but who lack the formal income documentation required to access traditional finance.

Environmental and social aspects

We also support the development of Au Financiers' environmental and social management system.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

South Asia

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Debt
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

March 2013

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.