Purple Finance Acquires Saksham Gram Credit for ₹108 Cr Funding

Purple Finance Limited announced its plan to acquire Saksham Gram Credit Private Limited as a 100% wholly owned subsidiary, marking a significant step in its inorganic growth strategy. This acquisition, subject to due diligence and regulatory approvals, will enable Purple Finance to enter rural and semi-rural markets, expanding its network and customer base. The company has also secured ₹108 crore in equity funding to support its growth ambitions. Purple Finance reported a strong financial performance for the quarter ended June 30, 2026, with total income up 162.55% year-on-year to ₹1,622.45 lakhs and a profit after tax (PAT) of ₹38.43 lakhs, a turnaround from the previous year. The combined entity is projected to have an Assets Under Management (AUM) of approximately ₹850 crore.