Auxilo Finserve Private Limited

Auxilo Finserve Private Limited, incorporated on October 4, 2016 under the earlier name Stellenyak General Finance Private Limited, is promoted by Akash Bhanshali via ELME Advisors LLP together with Balrampur Chini Mills Limited (BCML), India's second-largest sugar manufacturer; it received its Certificate of Registration from the RBI on May 3, 2017 to function as a non-deposit-taking NBFC and began operations in October 2017. Its promoter holding is anchored by Akash Bhanshali, through his family LLP ELME Advisors LLP, with co-investment from BCML, followed by ICICI Bank Limited and other investors. The company's business is centered on education financing for both individuals and educational institutions, extending loans to students pursuing postgraduate studies in India and overseas destinations including the US, UK, Canada, New Zealand, Germany, and Australia, while also financing schools, colleges, and other institutions through a multi-branch network. Its credit profile benefits from a strong promoter background with a high degree of involvement and expected support, along with healthy capitalisation metrics.