Results · Financial Services

Vartis Platforms posts ₹96.2 Cr profit in FY26

By Startup Enthusiast · 21 July 2026

What they do

Operates LenDenClub, InstaMoney, and Vartis One lending platforms

FY26 profit after tax jumped 183% to ₹96.2 Cr on revenue of ₹338 Cr

Plans to launch a merchant lending platform and targets ₹550 Cr revenue in FY27

Vartis Platforms reported a profit after tax of ₹96.2 Cr for FY26, up 183% from ₹34 Cr in FY25.
This is the company's second consecutive profitable fiscal after a net loss of ₹10.6 Cr in FY24.
Operating revenue grew 43% to ₹338 Cr from ₹236.4 Cr in FY25.
Total revenue including interest and other income stood at ₹366.6 Cr.
Total expenses rose 28% to ₹241.7 Cr from ₹189.1 Cr in FY25.
Marketing and business sourcing costs increased 41% to ₹138.1 Cr.
The company processed nearly ₹5,000 Cr in transactions in FY26, up from about ₹1,600-1,700 Cr in FY25.
Vartis Platforms plans to launch a dedicated merchant lending platform.

The results show strong growth and profitability after turning around from a loss two years ago.
Transaction volume nearly tripled, indicating rapid adoption of its lending platforms.
The company is expanding beyond consumer P2P lending into merchant lending.

Founded in 2015, Vartis Platforms operates three lending platforms: LenDenClub, InstaMoney, and Vartis One.
LenDenClub is a P2P lending marketplace where retail lenders fund individual borrowers.
LenDenClub earns service fees on successful repayments, delay charges on overdue loans, and additional fees on non-performing assets.
LenDenClub contributed about 40% of group revenue in FY26.
InstaMoney connects borrowers with NBFCs and financial institutions.
InstaMoney earns assessment and processing fees per loan disbursed and contributed about 55% of group revenue in FY26.
Vartis One provides lending tech infrastructure to banks, NBFCs, and fintechs to digitise the lending journey.
Vartis One contributed about 1-2% of total revenue.