Japanese parent company invests Rs 300 crore in ORIX Corporation India
ORIX Corporation India Secures Rs 300 Crore Investment for Expansion in Mobility and Financial Services
ORIX Corporation India, a leading provider of mobility solutions and financial services, has announced a significant step forward in its growth journey. The company has secured Rs 300 crore in equity investment from its parent firm, ORIX Corporation, based in Japan.
This strategic investment is aimed at aggressively expanding ORIX India's leasing, mobility, and financial services businesses. The funds will be utilised for the development and scaling of mobility services, likely encompassing vehicle leasing, rentals, or shared mobility solutions. Additionally, the investment will drive the enhancement and expansion of financial services, such as loan offerings, leasing solutions, or other financial products catering to customers in the mobility ecosystem.
The investment also includes support for infrastructure enhancement and digital transformation initiatives. ORIX India's expansion will include sustainability-driven initiatives such as green mobility and EV leasing.
Yoshiaki Matsuoka, Executive Officer at ORIX Corporation, has expressed his commitment to supporting ORIX India's growth and strengthening its position in India. He stated that ORIX India has been an integral part of their global operations. The investment reinforces the group's long-term commitment to India's mobility and financial services sectors.
ORIX Corporation India is seen as a leading player in India's mobility and financial services sectors. The investment in ORIX India is viewed as a part of ORIX Corporation's commitment to the company's next phase of expansion. However, no specific details about the investment's terms or conditions were disclosed.
The bulk of recent ORIX activity relates to their stake sale in Greenko Energy for renewable energy investments, which is separate from their mobility and financial services ambitions. The strategic investment in ORIX India signifies a substantial commitment by ORIX Corporation India to deepen its footprint in these sectors, leveraging its parent company's backing for growth and innovation.
The investment is expected to accelerate the expansion of ORIX India's leasing and mobility solutions businesses, contributing to the company's vision for the future of mobility and financial services in India. Yoshiaki Matsuoka stated that ORIX India's growth and innovation reflect the shared vision for the future of mobility and financial services in India.
This strategic equity investment of Rs 300 crore will propel ORIX India to aggressively invest in its leasing, mobility, and financial services businesses. The funds will be applied towards the advancement of mobility services, such as vehicle leasing, rentals, or shared mobility solutions, as well as the growth and enhancement of financial services, including loan offerings, leasing solutions, or other financial products within the mobility ecosystem. Furthermore, the investment promises support for infrastructure development and digital transformation initiatives, with a focus on sustainability-driven projects like green mobility and EV leasing.
