September 12, 2025, Gurugram: Indifi Technologies, one of India’s leading digital platforms for MSME lending, today announced its FY25 financial performance, reflecting a year of strategic realignment, deeper technology integration, and sharper credit risk management.
Despite macroeconomic challenges across the MSME credit ecosystem, Indifi delivered a 22% year-over-year increase in operational revenue, driven by improved monetisation and platform activity. Over 55,000 MSMEs across India are now actively working with Indifi, with growing traction in Tier 2 and Tier 3 cities.
Over the past year, Indifi has strengthened its credit portfolio, with a 30% improvement in the quality of disbursals during the last two quarters (Q3 FY’25 and Q4 FY’25), compared to the previous two quarters. This follows the tightening of risk policies and a strategic shift toward more resilient customer profiles. FY25 included provisioning-led losses due to wider credit stress and a change of accounting standards from IGAAP to IND AS. Additionally, Indifi’s portfolio recorded a 15% improvement in credit quality during Q1 FY’26, compared to the preceding two quarters.
Building on this momentum, Indifi expanded its lending portfolio by scaling working capital and supply chain finance, and introducing sector-focused solutions for D2C, packaging, and retail. Over 50 per cent of new disbursals were covered under credit guarantee schemes, providing an added layer of protection against volatility.
The company continued to invest heavily in technology, deploying Document AI to automate classification and fraud detection, and integrating with consent-based platforms such as Account Aggregator, GSTN, and DigiLocker to streamline underwriting. It also introduced AI-powered tools to boost development efficiency. Together, these innovations reduced disbursal time, minimized human intervention, and strengthened the digital delivery experience. Financially, Indifi maintained capital adequacy well above the mandated thresholds, held a conservative debt-to-equity ratio, and kept elevated provisioning in line with the long-term health of its portfolio.
Commenting on the development, Alok Mittal, Co-founder and Executive Chairman of Indifi, said: “The past year has been transformative for us at Indifi as we took proactive steps to reinforce the fundamentals of our business. We strengthened our credit filters early, diversified our offerings toward secured lending, and invested in technology and risk management. FY25 was not about chasing scale, but about building a more resilient and future-ready platform. Our ability to grow through this phase reflects the depth of our model and the strength of our long-term commitment to India’s MSMEs.”
As India’s MSME landscape becomes more structured, digital and growth-oriented, Indifi is scaling with strategic intent. The company aims to expand its secured lending footprint, enhance its AI-led credit infrastructure and deepen outreach to high-potential yet underserved small businesses. The objective is to enable responsible credit access while creating long-term value for MSMEs, ecosystem partners and the broader economy.