Japan's Mizuho Securities to buy majority stake in Avendus
17 Dec 2025, 05:59 PMAvendus’ Co-founder and Executive Vice Chairman, Ranu Vohra, will also be divesting his shareholding as part of the transaction.
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Japan's Mizuho Securities said it will buy a majority stake in Indian investment banking company Avendus from private equity giant KKR for $523 million.
Avendus’ Co-founder and Executive Vice Chairman, Ranu Vohra, will also be divesting his shareholding as part of the transaction, said a statement.
He will continue in his current role until deal completion, it added.
Avendus will continue to be led by founders Gaurav Deepak and Kaushal Aggarwal.
"Avendus and Mizuho will deliver broader capabilities, sharper execution, and a stronger value proposition for our clients. With India entering a transformative economic phase, we see immense potential to scale with purpose, innovate across sectors, and build a platform that consistently delivers impact, in India and beyond," said Aggarwal.
KKR had invested Rs 950-1000 crore in 2015 to pick up a majority stake in Avendus. KKR held 58% stake via Redpoint Investments Pte Ltd.
Avendus, which was founded in 1999 Vohra, Aggarwal and Deepak, provides financial solutions to its clients spanning entrepreneurs, capital providers, family offices and corporates.
With a history of 150 years in banking, Mizuho offers comprehensive financial services to clients in 33 countries and 828 offices throughout the Americas, EMEA, and Asia.
Mizuho's investment in Avendus marks the interest of Japanese firms in India's financial services space. Earlier this year, Sumitomo Mitsui Financial Group bought 24.2% of Indian lender Yes Bank.
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