MAM
Clix Capital announces $40 million fresh capital infusion from existing investors
MUMBAI: Clix Capital Services Pvt Ltd (‘Clix’) – one of India’s leading digital-lending NBFCs – today announced its latest round of capital infusion of $40 million (INR280 crores) from its existing investors AION Capital Partners Ltd as well as its promoters Pramod Bhasin and Anil Chawla.
Strong focus on technology and strategic partnerships has helped Clix scale up and expand its footprint to 4 million customers in a short span of 3 years. The company is targeting a loan book of Rs 5,500-6,000 crore by the end of FY20 as compared to Rs 5,000 crore currently.
Augmenting the Company’s original capital base of $250 million (INR 1,800 crores), the latest round of funding will be used to expand the business across its varied segments especially consumer finance and digital platforms. Clix has a presence across 12 cities in India and envisages deeper penetration in these markets. With the fresh equity infusion, Clix is planning to continue its steady credit quality-led growth, focussing on the retail-lending segment to achieve a ~70% composition by March 2020. The company believes the current liquidity squeeze in the lending space is also likely to present additional opportunities for selective acquisitions.
Pramod Bhasin, Founder & Chairman – Clix Capital, elaborated on the announcement: “At Clix, we are continuously trying to bridge the credit gap in the unserved and underserved segments such as new-to-credit customers and MSMEs. Towards this objective, we use cutting-edge technologies and insightful innovations to drive lending models that are responsive to the needs of end-customers while significantly expanding financial inclusion. I’m delighted at the latest infusion of funds, which reinstates our confidence and trust in Clix’s potential. We believe that despite the current economic scenario, India represents a huge opportunity in the long-term.”
AION Capital, along with promoters Pramod Bhasin and Anil Chawla, had bought the commercial finance business of GE Capital in India in September 2016. Over the past three years, the Company has built a strong franchise of fast-growing businesses across SME lending, consumer finance, mortgages and equipment finance segments. Clix leverages technology, data and deep analytics to provide unparalleled credit access and a seamless experience to its customers. Sound risk management practices and a heavy focus on data-driven decision-making help the Company maintain great portfolio quality.
On the latest capital infusion, Parth Gandhi, Senior Partner and Managing Director – AION Capital, commented: “Quality and scale will determine success in financial services in the future. Apart from infusion of capital, as majority partner, we are committed to bring in our global best experiences and expertise of technology and practices to Clix’s business. Our attempt would be to grow the Clix business steadily while maintaining a watchful eye on asset quality and profitability.”
MAM
Continental Tires appoints Nevin Aslan-Özkan as Managing Director for India
Finance leader to drive growth in passenger vehicle segment from 6 April 2026.
MUMBAI: Continental Tires has put a fresh pair of tyres on its Indian leadership and this time, they’re rolling with strong financial horsepower. The premium tyre manufacturer has announced the appointment of Nevin Aslan-Özkan as managing director of Continental Tires India, effective 6 April 2026. She succeeds Samir Gupta, who stepped down on 5 April 2026 for personal reasons.
Nevin joined Continental in 2017 and has held key leadership roles in Mergers & Acquisitions and Strategy & Business Development across EMEA and APAC. Since May 2025, she has served as Chief Financial Officer for Continental Tires India, shaping the company’s financial strategy and performance.
In her new role, she will lead the company’s growth agenda in India, with a sharp focus on accelerating its presence in the passenger vehicle segment. This appointment comes at a pivotal time, following the recent launch of the CrossContact A/T² tyre, the first market globally to receive this product and a €10.5 million (approximately Rs 100 crore) investment to strengthen Continental’s position, particularly in the ultra-high-performance (UUHP) segment.
Nevin Aslan-Özkan said, “India continues to be a strong focus market for Continental Tires. Guided by our ‘In the Market, For the Market’ approach, we will continue to deliver products and technologies designed for Indian roads.”
Samir Gupta, who joined Continental in 2012 and served as managing director since January 2022, was recognised for his significant contribution to expanding the brand’s footprint in India.
Continental is a leading global tyre manufacturer founded in 1871. The company generated sales of €19.7 billion in 2025 and employs around 78,000 people across 54 countries. Its Tires group sector, which includes premium car, truck, bus, two-wheel and specialty tyres, recorded sales of €13.8 billion in fiscal 2025 and employs more than 56,000 people worldwide.
With Nevin Aslan-Özkan at the wheel, Continental Tires India is clearly gearing up for a smoother and more aggressive drive in one of the world’s fastest-growing automotive markets. The road ahead looks promising.
