Aye Finance, founded in 2014, is a Gurugram-based NBFC focused on providing affordable credit solutions to micro and small enterprises (MSMEs) across India. With a presence in 387 districts across 18 states and 3 union territories, the company leverages technology to bridge the credit gap for unbanked businesses. Aye Finance has served over 200,000 customers, managing a loan portfolio of ₹1,700+ crore as of September 2024. It was ranked 6th among India’s Best Companies to Work For in 2024 by the Great Place to Work Institute.
Aye Finance was co-founded by Sanjay Sharma and Vikram Jetley, both seasoned professionals in the banking and financial services sector.
Sanjay Sharma brings over 25 years of experience in consumer banking and financial services. He began his career with HSBC in 1988 and has held significant roles at Standard Chartered Bank, HDFC Bank, and ICICI Limited, where he was instrumental in launching various retail asset products. He also served as Senior Vice President at Max New York Life Insurance Company and as CEO of Tamweel PJSC in the UAE. Sanjay is an alumnus of IIT Bombay and IIM Bangalore.
Vikram Jetley co-founded Aye Finance alongside Sanjay Sharma in 2014. While specific details about his professional background are limited, his collaboration with Sharma has been pivotal in establishing Aye Finance as a leading provider of financial services to micro and small enterprises in India. Under their leadership, Aye Finance has achieved significant milestones, including serving over 200,000 customers and managing a loan portfolio exceeding ₹1,700 crore as of September 2024.
As of December 31, 2024, Aye Finance reported a net profit of ₹107.80 crore for the first half of FY2024-25 (H1 FY25), reflecting a 37% increase compared to the same period in the previous fiscal year.The company's revenue for H1 FY25 stood at ₹536 crore. Aye Finance's assets under management (AUM) reached ₹4,400 crore by the end of FY2023-24, up from ₹2,700 crore in the preceding fiscal year. The company maintains a gross non-performing asset (NPA) ratio of 1.21%, indicating strong asset quality.
Aye Finance's Non-Convertible Debentures (NCDs) have been assigned a credit rating of 'IND A' with a Stable outlook by India Ratings and Research. This rating indicates an adequate degree of safety regarding timely servicing of financial obligations and a low credit risk.
Get answers to the most frequently asked questions by retail investors
The minimum investment amount for Aye Finance NCD is ₹1,00,000 per bond.
Interest for Aye Finance NCD is paid on a quarterly basis.
The for Aye Finance NCD will mature on March 20th, 2026.
There is no lock-in period; however, investors should consider the maturity date when planning their investment.
Investors can explore investment options through financial platforms such as Aspero.
