General Atlantic To Offload 7% Stake In KFin Via Bulk Deal: Report

SUMMARY

KFin Technologies’ promoter General Atlantic Singapore Fund Pte Ltd likely sold a 6.9% stake in the company via block deals worth INR 1,209.5 Cr

As of March 2025, General Atlantic Singapore Fund Pte Ltd, held a 31.98% stake in KFintech, equivalent to 5.5 Cr shares

KFintech’s consolidated net profit rose 14% YoY to INR 85 Cr in Q4 FY25, while operating revenue surged 24% to INR 282.7 Cr

Shares of fintech SaaS company KFin Technologies tumbled 7% to their day’s low of INR 1,041 on the BSE today after promoter General Atlantic Singapore Fund Pte Ltd likely sold a 6.9% stake in the company via multiple block deals.

General Atlantic Singapore Fund Pte Ltd, an entity affiliated with US-based private equity firm General Atlantic, was looking to offload 1.18 Cr shares worth INR 1,209.5 Cr at 1,025 per share — a discount of over 9% from the previous close, CNBC TV-18 reported.

However, official confirmation of the buyers and sellers is still awaited.

As of March 2025, General Atlantic Singapore Fund Pte Ltd, held a 31.98% stake in KFintech, equivalent to 5.5 Cr shares.

What Has KFintech Been Up To?

Founded in 2017, KFin Technologies provides SaaS-based financial services solutions to asset managers and corporates in India and abroad. It operates as a registrar and transfer agent for mutual funds, alternative investment funds (AIFs), pension schemes and initial public offerings (IPOs). It also offers record keeping services for the National Pension System in India.

Besides India, it also has a presence in Bahrain, Malaysia and Thailand, among others.

In April this year, the Hyderabad-based company acquired a controlling 51% stake in global fund administrator Ascent Fund Services Pte Ltd for $34.7 Mn, with an eye on a complete buyout in the next five years.

The same month, KFintech’s wholly-owned subsidiary Kfin Services Private Limited, received SEBI’s nod to operate as a KYC registration agency.

For the quarter ended March 31, 2025 (Q4 FY25), KFintech reported a consolidated net profit of INR 85 Cr, up 14% from INR 74.5 Cr profit it logged in the year-ago quarter. However, sequentially, bottom line tumbled nearly 6% from INR 90.2 Cr amid degrowth in its top line.

Meanwhile, operating revenue magnified almost 24% to INR 282.7 Cr during the quarter under review from INR 228.3 Cr in Q4 FY24. On a quarter-on-quarter basis, top line declined 2.5% from INR 290 Cr.