ET Guide to ITR
Founded in 2015 by Sandeep Menon and Sujay Patil, Vastu is backed by Multiples Alternate Asset Management since inception. Other investors include Norwest Venture Partners, Creation Investments, 360 ONE Asset Management and Faering Capital. Vastu has a loan book of about ₹10,000 crore as of FY24-end. It has more than 230 branch locations across 13 states.
"Vastu has made great progress over the last few years towards its vision of becoming a large, respected and institutional retail lending franchise. We are confident that our association with TA will further accelerate our growth journey," said Menon, also the CEO of Vastu.
"Vastu is well-positioned to become a leader in the secured affordable housing segment as well as continue its impressive growth trajectory in the small business loans and vehicle finance segments. We look forward to our long-term partnership with Vastu," said Dhiraj Poddar, managing director at TA Associates.
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