The Gurugram-based NBFC had disbursed Rs 2,220 crore in 2020-21 and around Rs 4,000 crore in the 2019-20.
GE Capital's commercial's lending and leasing business has a net worth of about USD 360 million.
Pramod Bhasin, former CEO of GE Capital India and Anil Chawla, former head of the company‘s commercial business in India have tied up with Aion Capital, a joint venture between Apollo Global and ICICI Ventures, to acquire GE's commercial lending business.