Why NBFCs & Financial Services Could Lead India’s Next Consumption Growth Story

Financial services are emerging as a key focus area for investors as India’s consumption story gains momentum. Dinshaw Irani, CEO, Helios Capital, says NBFCs play a crucial role in providing last-mile financing that supports consumption across the economy. His investment strategy has increased exposure to the broader BFSI space, with a stronger focus on financial services rather than traditional banks. The strategy also includes direct exposure to capital-market companies. Irani believes NBFCs, fintech-linked businesses and capital-market players could benefit as financial participation and consumption expand, making financial services an important part of India’s long-term growth story.