Glendale-based AVANA Companies, a private credit platform with more than 23 years of experience in commercial lending, is expanding into India after receiving Certificate of Registration for a non-deposit taking Non-Banking Financial Company license from the Reserve Bank of India, for its wholly owned subsidiary LendThrive Finance Private Limited.

The company has opened a regional office in Pune, India and plans to launch direct commercial lending operations to micro, small, and medium enterprises in India within the next six months, extending its model that has deployed more than $6.5 billion in loans to more than 500 small businesses across the United States.

For AVANA’s U.S. partners, this move represents AVANA’s evolution into a global private credit platform capable of deploying cap

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