Amit Gainda, CEO, Avanse Financial Services
“An investment in knowledge pays the best interest,” Benjamin Franklin said to this day and will always be. Education has always been an important aspect of Indian culture and continues to be the foundation for the fundamental development of individuals and the nation as a whole. With rising tuition fees and the growing aspirations of parents in choosing their children’s education, paying tuition fees is now a significant expense for most households. This is a non-discretionary segment that makes education finance a secular, decades-long growth opportunity in India. With this philosophy in mind, Avanse Financial Services, an NBFC focused on new age education, established in 2013, is on a mission to provide transparent and affordable education funding for every deserving Indian student. Under the leadership of its CEO, Amit Gainda, Avanse set out to strengthen its leadership position in the education lending space by creating solutions for the entire lifecycle of a student’s education, from school to graduation.
The 3P potion of success
Avanse has focused on an approach of sustainable and profitable growth throughout its transformation journey over the years. Hard work coupled with the magic of the 3P potion – persistence, passion and pro-activity have helped Amit to further strengthen the organization and, as a result, is now one of the NBFC focused on life skills education. fastest growing in the country. The firm is committed to the following guiding principles to be a responsible lender in this space:

• Integrated approach covering enterprise-wide risks with a focus on strong corporate governance and operational risk management across all business and functional areas
• Approach accountability first by creating breadth and depth in the organization’s borrowing strategy
• A segment-driven approach to leverage and develop in-depth industry specialization in education finance to better understand, reach and serve clients

This financial service provider offers tailor-made solutions in segments such as student funding for international and national education, funding for e-learning and skills enhancement, and funding for tuition fees. In addition, it provides financing solutions for working capital and growth needs of educational institutions in India.

Customized solutions covering every segment of the educational ecosystem One of the unique aspects of this organization is its student-centered approach to assessing student loan profiles. Rather than depending solely on the financial history of the co-borrowers, the organization assesses the student thoroughly. As part of this approach, the company assesses the student’s profile – past academic performance, entrance test scores, university / institute pedigree and coursework. The organization has set benchmarks for achieving academic aspirations in over 10,000 courses and over 2,000 institutes in approximately 50 countries. Its services are aimed at the entire range of the educational ecosystem from kindergarten to post-graduation, thus cultivating the educational ecosystem of the country. In addition, its partnership with Edtech companies has enabled Avanse to fund deserving students from K-12 level to professionals taking courses to improve themselves such as coding, AI and ML, blockchain and many more. . The organization is also a pioneer in the industry to start funding unconventional courses such as aviation, filmmaking, robotics, and industrial automation to name a few. Leveraging digitization and technology, Avanse has grown into a digitally agile brand with robust business processes to sanction loan amount within 72 hours of application.
The people at the heart of the organization – The main force behind successAs CEO of the organization, Amit Gainda is closely involved in creating successful business processes to ensure the highest quality customer experience at all levels. It focuses on promoting a symbiotic environment that improves the overall learning curve for employees, resulting in a “return on intelligence” while allowing a “return on capital” for stakeholders. Each member of the Avanse family respects their “ANCHORS OF SUCCESS” set: customer focus, strategic focus, innovative mindset, execution driven, entrepreneurial spirit, meritocracy driven, collaborative approach and people excellence. Amit believes that improving skills is extremely crucial for overall development. You have to be a lifelong student to excel both professionally and personally and thus be able to contribute to broader growth. Amit Gainda, CEO of Avanse Financial Services: “The aspirations of parents and students are higher and higher when it comes to securing a promising academic career. Thus, many Indian students plan to pursue their higher education in quality institutions. The increased awareness and personalized education financing solutions of financial institutions provide the impetus for these students to achieve their academic aspirations. I am proud to be part of this industry where we are able to achieve our goal of guiding our customers to a better future and thus contributing to a larger economy.
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