MSME-focused digital lending platform Indifi Technologies turned profitable in FY26 despite marginal revenue growth, as a sharp decline in impairment costs and tighter control over operating expenses boosted its bottom line.
Indifi’s revenue from operations increased only 3% year-on-year to Rs 371.1 crore in FY26 from Rs 360.4 crore in FY25, according to its financial statements filed with the Registrar of Companies (RoC).
Founded in 2015, Indifi provides debt financing to MSMEs, with a focus on improving credit access for small businesses. The company offers loans across supply chain finance, startup lending, D2C businesses, and other lending products tailored to the financing needs of MSMEs.
As per the company, it has served more than 1.6 lakh MSMEs across 400 cities. Including other non–operating income, its total income stood at Rs 386.85 crore during the year.
Being a lending platform, interest earned on loans remained Indifi’s primary source of revenue, which accounted for 87% of its operating income, and increased only 2.4% to Rs 321.7 crore in FY26 from Rs 314.3 crore in the previous fiscal year.
Revenue from the sale of services grew 19% to Rs 25.3 crore during the year. This included facilitation, service fees earned from lending partners and foreclosure fees. Other fees and commissions income also increased 11% to Rs 12.4 crore in FY26.
6 crore in FY25. For a lending business, these costs largely relate to the capital used to fund its loan book.
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