VIXAR acquires IREP Credit Capital.
VIXAR-IREP Credit Capital: Mumbai, India – 19 January 2026 – Mumbai-based private equity firm VIXAR has announced the acquisition of a controlling stake in IREP Credit Capital Private Limited, a non-deposit-taking NBFC, marking a strategic expansion into tailored financial services for underserved micro, small, and medium enterprises (MSMEs) across southern India.
The acquisition was advised by Anagram Partners, with the legal team led by Ankit Mishra (Partner) and supported by Keegan Pavrey and Sarthak Parnami (Principal Associates), alongside associates Anoushka Shetty, Siddhant Sahu, and Yavipriya Gupta.
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Strategic Focus on MSMEs and Financial Inclusion
IREP Credit Capital, headquartered in Mumbai, specializes in providing secured business loans and custom credit solutions to MSMEs in tier 3 and tier 4 towns of Andhra Pradesh, Telangana, and Karnataka. Leveraging a hybrid physical and digital lending model, the NBFC focuses on extending financial services to underserved businesses, supporting local entrepreneurship, and driving financial inclusion in semi-urban and rural markets.
VIXAR, known for buyout investments and structured shareholder transitions, partners with management teams to deliver strategic clarity, operational efficiency, and long-term value creation for portfolio companies. The acquisition of IREP aligns with VIXAR’s objective to expand its presence in sectors with high growth potential and social impact, particularly in the financial services domain.
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“Through this acquisition, we aim to scale IREP’s operations while deepening its footprint across underserved regions,” said a spokesperson from VIXAR. “Our partnership with the management team will focus on operational excellence, enhanced product offerings, and leveraging technology to reach MSMEs more efficiently.”
Anagram Partners’ Legal Advisory Role
Anagram Partners played a key role in advising VIXAR on the transaction, ensuring regulatory compliance and structuring the deal to support growth ambitions. The team emphasized strategic governance and shareholder alignment as part of the acquisition process.
The transaction underscores VIXAR’s commitment to investing in sectors that combine financial returns with positive socio-economic impact, and highlights the growing interest of private equity in NBFCs serving MSME segments in India.
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