Hyderabad: Auxilo Finserve, a leading education finance non-banking financial company (NBFC), has reported a 50% year-on-year growth in its overseas education loan segment from the Andhra Pradesh and Telangana markets over the past three years. The company is now focusing on expanding its customer touchpoints in key locations to meet increasing demand and accelerate loan processing.
Shweta Guru, Chief Business Officer – Overseas Loans at Auxilo, emphasized the company’s commitment to supporting students, particularly in semi-urban areas. She said, “At Auxilo, we’ve always been passionate about supporting students, especially in semi-urban areas, and we’re stepping up our efforts even further. By expanding our branch network and enhancing our specialized teams, we’re strengthening the personalized guidance students have come to rely on. With advanced technologies already streamlining processes, we’re now raising the bar to make education financing faster and more efficient. These initiatives reflect our ongoing commitment to empowering students to achieve their global education dreams—because their success has always been at the heart of what we do.”
According to data, nearly 65,000 students from Andhra Pradesh and Telangana travel abroad annually for higher education.
Ms. Guru further noted, “Post-COVID, we have witnessed exponential growth in student numbers for overseas education. Loan amounts typically range from ₹35 to ₹65 lakhs, with students often opting for top universities in the US, UK, Canada, Ireland, and Australia.”
The most popular courses among Indian students include Master’s in Computer Science, Master in Information Systems, MBA, Master in Business Analytics, and Master in Data Science, among others. In 2023, over 750,000 Indian students pursued higher education abroad.
Auxilo has financed over 12,000 students, supporting their education across more than 1,100 universities and institutes in over 25 countries. The company has also provided funding to over 170 educational institutions for infrastructure development and working capital needs.
In July 2024, Auxilo secured $30 million in its second round of funding, led by LeapFrog Investments, with participation from existing investors such as Trifecta Leaders Fund I and Xponentia Opportunities Fund-II.
Auxilo’s Assets Under Management (AUM) grew at an impressive 82% Compound Annual Growth Rate (CAGR) from FY 2020-23, and currently stands at INR ~3604 crore.
Auxilo Finserve is promoted by Akash Bhanshali of ELME Advisors LLP and co-invested by Balrampur Chini Mills Ltd.
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