Indifi Reports 22% Revenue Growth to Rs 360 Crore, Net Losses at Rs 45 Crore

Speedy Summary

• Indifi Technologies, an MSME lender, reported a 22% revenue rise in FY25 to Rs 360 crore, up from Rs 294 crore the previous fiscal year.
• Net losses widened to Rs 45 crore from Rs 27 crore last year due to factors including credit deterioration.
• total expenses increased by 23%,reaching Rs 428.72 crore; finance costs grew to Rs 142 crore compared to Rs 109 crore previously, and employee costs rose to Rs 81.7 crore from Rs 71.3 crore the previous year.
• as fintechs shift focus toward secured lending amid market slowdown and regulatory scrutiny on unsecured loans, Indifi has introduced two new product lines-supply chain finance and secured lending lab business-accounting for around 6-7% of monthly disbursement currently but expected to reach up to a quarter in three years.

Indian Opinion Analysis
The financial trajectory of Indifi Technologies highlights both growth opportunities and operational challenges faced by MSME-focused fintech lenders in India today. While revenue expansion underscores rising demand for their services, widening losses signal critical issues with cost management and credit quality-a common concern amid tighter economic conditions for unsecured borrowers.

Indifi’s strategic pivot toward supply chain financing and secured lending reflects broader industry trends driven by regulatory scrutiny on unsecured products and evolving market dynamics favoring more secure forms of credit disbursement like loans backed by collateral or buyer ratings systems. This diversification could help mitigate risk; however, sustained success will depend significantly on maintaining balance between innovation-led growth and prudent financial oversight as seen in its growing expense profile.

Read More: Economic Times