Indifi’s revenue rises 22% to Rs 360 crore; net losses widen to Rs 45 crore

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The lender to micro, small, and medium enterprises (MSMEs), Indifi Technologies, has reported an increase in revenue to Rs 360 crore in FY25, up from Rs 294 crore in the previous fiscal year.

However, the company’s losses widened to Rs 45 crore from Rs 27 crore a year ago, according to its filings with the ministry of corporate affairs.

“Some of it is because of the deterioration in credit that we saw,” Alok Mittal, founder of Indifi, told ET in an interaction. “What that means is that as we move forward, and if the loss rates are at a certain level,…



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Indifi’s revenue rises 22% to Rs 360 crore; net losses widen to Rs 45 crore



The lender to micro, small, and medium enterprises (MSMEs), Indifi Technologies, has reported an increase in revenue to Rs 360 crore in FY25, up from Rs 294 crore in the previous fiscal year.

However, the company’s losses widened to Rs 45 crore from Rs 27 crore a year ago, according to its filings with the ministry of corporate affairs.

“Some of it is because of the deterioration in credit that we saw,” Alok Mittal, founder of Indifi, told ET in an interaction. “What that means is that as we move forward, and if the loss rates are at a certain level,…



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.

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