BlackSoil acquires Credit Fair's solar financing business to expand into India's renewable energy sector

Type: Acquisition · Technology: Solar · Country: India · Announced: 2026-07-09

BlackSoil, an alternative credit platform, completed the acquisition of Credit Fair's solar financing business, marking its strategic entry into India's renewable energy financing sector. The transaction includes Credit Fair's management team, technology platform, brand, and operating infrastructure, with assets under management (AUM) of INR 152.6 crore. Credit Fair has processed over 3.5 lakh loans nationwide and disbursed more than INR 1,300 crore since its inception in 2018, establishing a strong presence across over 20 states. The acquisition strengthens BlackSoil's renewable energy value chain through a scalable partner-led distribution model, enabling seamless financing solutions for residential solar customers and MSMEs. Credit Fair's partnerships with major solar ecosystem players, including Tata Power, Waaree, SolarSquare, UTL Solar, Livguard, Navitas, and Adani Solar, will facilitate broader market reach and customer access.

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