Motilal, an Indian financial firm, has submitted an application to the Securities and Exchange Board of India (SEBI) to establish its first private credit fund. The proposed fund aims to raise up to 30 billion rupees, equivalent to approximately $336 million, according to regulatory filings.
The move reflects growing investor interest in private credit opportunities within India’s expanding financial sector. Private credit funds typically provide debt financing to mid-sized and large companies, offering an alternative to traditional bank loans. Motilal’s application signals ambitions to tap into this market segment amid ongoing economic growth.
SEBI’s approval process will assess the details of the proposed fund, including its structure and regulatory compliance. If approved, the fund would mark a significant step for Motilal as it expands its financial services offerings. The development is part of broader trends of increased private credit activity in India, driven by rising demand from businesses seeking diversified funding sources.