Unifinz Capital India Bonds

Unifinz Capital India Overview

Unifinz Capital is a digital lending NBFC that offers small-ticket, short-tenor personal loans under the LendingPlate brand. Its lending business focuses on unsecured loans, with a fully digital customer journey covering loan applications, disbursements and repayments.

1. Business and products: Unifinz offers unsecured personal loans ranging from ₹5,000 to ₹2.5 lakh, with tenures of 20 days to 12 months. The average loan tenor is approximately 2–3 months. Its products include Short-Term Personal Loans (STPL) and EMI-based loans. The management has indicated that it plans to focus on the EMI product.
2. Leadership: The company is led by Kaushik Chatterjee, its Chief Executive Officer.
3. Corporate history: Incorporated in 1982 as Shree Worstex Limited, the company began retail lending operations in March 2022 under the LendingPlate brand. It was renamed Unifinz Capital India Limited in December 2022.
4. Shareholding: As of September 2026, promoters held 19.84% of the company, FIIs held 11.29% and DIIs held 8.70%.
5. Scale and reach: As of June 2026, AUM stood at ₹699 crore. The company served customers across 23+ states, 550 towns and cities, and 13,000+ pin codes. It had more than 680 employees and offices in Delhi, Pune, Kolkata, Hyderabad, Bengaluru, Chennai, Ahmedabad and Noida.
6. Financial performance: Unifinz reported total income of ₹512 crore and PAT of ₹87.1 crore in FY26, compared with total income of ₹122 crore and PAT of ₹20.1 crore in FY25.

Unifinz Capital India Key Metrics at a Glance

History of Unifinz Capital

Unifinz Capital was incorporated in 1982 as Shree Worstex Limited. It entered the retail lending business in March 2022 with the launch of its digital lending platform, LendingPlate, and adopted its current name in December 2022.

Its AUM increased from ₹10 crore in March 2023 to ₹33 crore in March 2024 and ₹93 crore in March 2025. By March 2026, AUM had reached ₹493 crore. The company has raised approximately ₹57 crore in equity from shareholders since starting its digital lending business.

Its rapid expansion has been accompanied by a larger distribution network, with the company reporting a presence across 23+ states and 13,000+ PIN codes as of its October 2026 CRISIL rating rationale.

Board of Directors and Key Management

As disclosed in the FY 2025–26 Annual Report, Unifinz had a six-member Board of Directors as of 31 March 2026.

Board of Directors

1. Manish Aggarwal - Non-Executive Director
2. Ritu Sharma - Non-Executive Director
3. Ankit Singhal - Independent Director
4. Rishi Kapoor- Independent Director
5. Vinod Kumar - Independent Director
6. Shubh Charn Bansal - Independent Director

Key Managerial Personnel

• Kaushik Chatterjee - Chief Executive Officer
• Vijay Kumar Singh - Chief Financial Officer
• Ritu Tomar - Company Secretary & Compliance Officer

Unifinz Capital Shareholding Pattern

As of September 2026, promoters held 19.84% of Unifinz. FIIs and DIIs together held 19.99%, while public shareholders held 60.18%.

Note: The total is 100.01% because of rounding in the reported shareholding percentages.

Unifinz Capital Financials

Unifinz reported a sharp increase in AUM and profitability between FY23 and FY26. Its AUM grew from ₹10 crore in FY23 to ₹493 crore in FY26, while PAT increased to ₹87.1 crore in FY26 from ₹20.1 crore in FY25.

The company reported total income of ₹180.34 crore and PAT of ₹17.35 crore in Q1 FY27. In Q2 FY27, total income was ₹233.81 crore and PAT was ₹15.08 crore. For the first half of FY27, total income stood at ₹414.15 crore and PAT at ₹32.43 crore.

Recent financial performance

Note: AUM, total assets and gearing are point-in-time balance-sheet or portfolio measures. Income and PAT are period-based financial measures and are therefore shown separately.

As per CRISIL's June 2026 figures, the company had total assets of ₹640 crore, AUM of ₹699 crore, net worth of ₹189 crore and gearing of 2.2x. Its CRAR was reported at 22.20% in the company's September 2026 regulatory ratio disclosure.

Unifinz Capital India Key Strengths

1. Adequate Capitalisation: Net worth of ₹164 crore and gearing of 1.7x as on March 31, 2026, supported by equity infusion and internal accruals, with gearing expected to remain at 2.5–3.0x over the medium term.
2. Equity listed: Unifinz Capital is a listed company on the NSE and BSE with a market capitalization of ~INR 508 crore
3. Fully Digital Lending Model: Unifinz, under the brand name ‘Lendingplate’, operates an end-to-end automated digital lending platform integrating loan origination, risk assessment, disbursement and collections, enabling efficient delivery of short-tenure unsecured personal loans.

Unifinz Capital India Key Risks

1. Despite disbursements of ₹2,745 crore in FY2026, AUM remained modest at ₹493 crore as of March 31, 2026, with overall scale remaining small relative to the unsecured lending industry.

Unifinz Capital Credit Rating

Unifinz's NCDs carry a CRISIL BBB-/Stable rating. On 30 October 2026, CRISIL assigned the rating to an additional ₹100 crore of NCDs and reaffirmed the rating on three existing NCD amounts of ₹100 crore, ₹100 crore and ₹70 crore.

India Ratings has also assigned an IND BBB-/Stable rating to the company's NCDs and bank loan facilities. Its February 2026 action assigned a rating to additional NCDs and reaffirmed the existing NCD and bank loan facility ratings.

CRISIL rating actions

Note: The India Ratings instrument amounts above were disclosed as unutilised in the February 2026 rating action. They represent rated limits, not necessarily issued or outstanding debt.

Unifinz Capital NCD Issuance Details

CRISIL's 30 October 2026 rating rationale provides details of individual NCD allotments, including their ISINs, allotment dates, coupon rates, maturity dates and issue sizes.

The following table groups allotments made under the same ISIN. Where an ISIN had more than one allotment, the individual allotment sizes are shown separately.

Additional NCD amounts shown as yet to be issued

The CRISIL instrument annexure also lists two NCD amounts without an ISIN or allotment details, marked as yet to be issued.

The six allotments with specified ISINs total ₹257.90 crore. The two amounts marked as yet to be issued total ₹112.10 crore. Together, these account for ₹370 crore in the instrument annexure.

Important: The ₹370 crore figure should be understood as the total amount covered by the instrument schedule, including amounts yet to be issued. It should not be described as the amount already allotted or currently outstanding. Investors should check the latest exchange disclosures and relevant offer documents for current outstanding amounts, payment terms, security and other instrument-specific conditions.

What the CRISIL rating means

A BBB- rating is at the lowest notch of the investment-grade category under CRISIL's long-term rating scale. The Stable outlook indicates that CRISIL does not currently expect a rating change in the near term; it does not guarantee repayment or rule out future rating action.

The rating reflects Unifinz's adequate capitalisation and healthy earnings profile, supported by high-yielding loans. These strengths are partly offset by its relatively small scale, unsecured loan portfolio, volatile asset quality and relatively high funding costs.

Unifinz Capital India Company Details