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Results · 5 October 2026IndifiMSME lending platformindifi.com ↗

Indifi revenue FY26: Rs 371.1 crore

Indifi turns profitable in FY26 on lower bad-loan costs

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Indifi revenue

Indifi reported revenue of Rs 371.1 crore in FY26. Reported 5 October 2026.

Revenue (FY26)Rs 371.1 crore
ResultsFinancial ServicesGurugramFounded 2015
  • Indifi is a digital lending platform that offers loans to small businesses, including supply chain finance, startup lending and D2C lending
  • Its operating revenue grew only 3% to Rs 371 crore in FY26, yet the company moved into profit as impairment costs fell sharply
  • Interest on loans made up 87% of income, and the firm says it has served over 1.6 lakh small businesses in 400 cities

What happened

  • Revenue from operations rose 3% to Rs 371.1 crore.
  • Interest income was 87% of operating income.
  • Service fees grew 19% to Rs 25.3 crore.
  • Finance costs were the biggest expense at Rs 147.4 crore.
  • Lower impairment (bad-loan provisions) pushed the firm into profit.

Why it matters

  • Profit came from cost control, not growth.
  • It shows lenders to small firms can recover as credit losses ease.

The business

  • Indifi lends to MSMEs across many product lines.
  • It has served more than 1.6 lakh businesses in 400 cities.

In numbers

Rs 371.1 croreRevenue from operations · FY26
Rs 386.85 croreTotal income · FY26

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Terms in this story

  • Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.

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