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RETAIL FUNDS | Cesar Tordesillas, India

Burmans gets stake in Delhi-based DMI Finance

The Burman family has acquired a strategic stake in DMI Finance Private Ltd, a Delhi-based finance company.

Burmans is a promoter of leading consumer goods company Dabur India.

"Financial services is one of the key growth areas identified by the Burman family...This fits in well with the family's intent to diversify its finance portfolio while leveraging its existing platform and customer base," said V C Burman, chairman emeritus Dabur IndiaBSE -0.27 % and a senior Burman family member.

The Dabur group had itself exited from financial services to focus on FMGC business but the Burman family has in its individual capacity made investments in Aviva, Universal Sampo and more recently in Portuguese investment bank BancoBSE -0.84 % Espirito Santo.

It is also present in private equity space with two PE funds.

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