Debt collection platform Credgenics’ profit triples to Rs 25 crore in FY25; revenue up 40%

Share via:


Debt collection platform Credgenics reported a nearly three-fold rise in net profit to Rs 25 crore for the financial year 2024-25, thanks to lenders seeking more efficient mechanisms for recovery amid stress on unsecured loans and rising default rates.

The company’s total revenue rose to Rs 220 crore in FY25, up from Rs 155.6 crore the previous year. However, the Noida-based company did not disclose its overall expenses for the fiscal year.

In an interaction with ET, cofounder and CEO Rishabh Goel said Credgenics has reduced the share of unsecured…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Debt collection platform Credgenics’ profit triples to Rs 25 crore in FY25; revenue up 40%


Debt collection platform Credgenics reported a nearly three-fold rise in net profit to Rs 25 crore for the financial year 2024-25, thanks to lenders seeking more efficient mechanisms for recovery amid stress on unsecured loans and rising default rates.

The company’s total revenue rose to Rs 220 crore in FY25, up from Rs 155.6 crore the previous year. However, the Noida-based company did not disclose its overall expenses for the fiscal year.

In an interaction with ET, cofounder and CEO Rishabh Goel said Credgenics has reduced the share of unsecured…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Eternal appoints Aditya Mangla as food delivery CEO

Zomato parent Eternal has appointed Aditya Mangla as...

MagSafe Monday: The best gear to travel with this...

MagSafe for traveling is one of the best...

Collaborative robotics will drive greater societal impact with people...

New Delhi, Jul 6 (PTI) Amazon sees...

Popular

Upcoming Events

IPTV IPTV IPTV IPTV IPTV IPTV IPTV