M&A and IPO Activity Drive Massive Growth in India's Finance Market

Grant Thornton India's partner and NBFC industry leader Vivek Ayyar warned that selective capital allocation is becoming the norm. He noted that sustainable returns will dictate which financial entities secure future funding.

Ayyar emphasized that robust funding structures, sound unit economics and the ability to navigate regulatory hurdles will be as critical as the opportunity to expand operations.

He added that the ecosystem still holds significant upside, but the next wave of growth will favor companies that can scale responsibly rather than merely chase rapid expansion.