On May 26, 2025, TruCap Finance (TRU) announced its biggest corporate makeover yet: The Marwadi Chandarana Group (MCG) is acquiring a ~75% stake through a ₹207 Cr capital infusion and secondary share purchase, kicking off a mandatory open offer. The existing promoters? Walking away with zero stake — and maybe a few regrets.
The real question: Can this sleepy NBFC with 117 branches finally become something bigger, or is this just another small-cap pump with a press release?
🏢 About TruCap Finance Ltd
Started Lending: 2018
Business: NBFC with focus on:
Gold Loans
MSME Business Loans
EV Financing
Branch Network: 117 across Tier 2, 3, 4 towns
Borrowers Served: 4.46 lakh+
Disbursements Till Date: ₹5,550+ Cr
Current Active Borrowers: 65,640
Partners: 40+ banks and FIs over 5 years
In short, it’s like a mini-Muthoot + LendingKart, but with better press this week.
🧑💼 The New Promoter: MCG Group
Full Name: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd
What they do:
Stock broking
Capital markets infra
Education ventures
Renewable energy 🌀
Net Worth: ₹2,500 Cr
Legacy: 30+ years in finance — basically old money + new ambition
The group already has brokerage DNA. Now they want to become a B2C credit play. This deal is their “Fintech 2.0” entry.
