Private credit network Bharat Housing Network has raised Rs 47 crore from Symbiotics Investments to fund sustainable projects. The capital will be deployed by its subsidiary, Singularity Creditworld, for solar and electric vehicle loans in Tier-2 and Tier-3 cities. This funding is part of a larger international green bond program, as the firm aims to scale its green debt issuance to $25 million by the next fiscal year.
Bharat Housing Network (BHN) has secured Rs 47 crore, or approximately $5 million, in new capital through a green bond issuance from Switzerland-based Symbiotics Investments. This funding is a specific portion of a larger $75-million green basket bond program, which is backed by the British International Investment (BII). The company intends to channel these funds into its non-banking financial company (NBFC) subsidiary, Singularity Creditworld, to support sustainable and clean-energy lending initiatives across the country.
The capital infusion is primarily aimed at financing projects such as rooftop solar installations, electric vehicle procurement, and credit access for clean-tech micro, small, and medium enterprises (MSMEs). By utilizing this capital, BHN is attempting to bridge the financing gap for low- and middle-income borrowers who are often underserved by traditional banking institutions. The company has publicly stated its intent to increase its green bond issuances to $25 million by the end of the next financial year, signaling a strategic shift toward expanding its ESG-linked debt offerings.
It is important for market observers to note that Bharat Housing Network is a private entity and is not currently listed on public stock exchanges like the NSE or BSE. Consequently, the company does not have publicly traded shares, and its financial performance is not subject to the same level of mandatory public disclosure as listed companies. While this capital raise provides the company with liquidity to expand its loan book, it also brings specific business risks that are common in the NBFC sector.
Lending to Tier-2 and Tier-3 markets involves higher operational and credit risks, as collection cycles and repayment capacities in these regions can be more volatile compared to metropolitan areas. Additionally, the profitability of such lending models relies heavily on the interest rate environment. If the cost of borrowing capital rises, maintaining interest margins while lending to price-sensitive retail and MSME segments becomes challenging. Furthermore, as the company scales its green lending operations, it faces the execution risk of ensuring the underlying assets, such as solar panels and electric vehicles, generate the expected utility and value to support the repayment of these loans. Future updates regarding the company’s progress will likely center on the utilization rate of these funds, the quality of its loan portfolio in these new segments, and its ability to secure further rounds of institutional funding as it works toward its $25 million target.