BFSL to raise Rs 200cr PE fund

City-based microfinance institution Bhartiya Samruddhi Finance Limited (BFSL), part of the Basix group, is looking at raising Rs 200 crore through private equity by March 2011, to further extend micro credit. “We are constantly in talks with bankers to raise additional capital,” Vijay Mahajan, chairman of Basix group, told mediapersons here on Wednesday. Basix, which currently operates in 16 states, is planning to expand to Gujarat and Uttar Pradesh. “We are aiming to be a Rs 4,000-crore company by 2012-13,” he added.