KrazyBee Services Private Limited, established on March 16, 2016, is a Bengaluru-based Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). Initially targeting college students, KrazyBee has evolved to offer unsecured personal loans to young professionals, providing amounts up to ₹4,00,000 with flexible repayment periods extending to 48 months. The company operates under the brand name 'KreditBee' to cater to the credit needs of borrowers without any hassles.
KrazyBee's leadership team comprises experienced professionals committed to driving the company's vision:
Co-founder and CEO, bringing extensive expertise in finance and technology to steer the company's strategic direction.
Co-founder and CTO, responsible for overseeing technological innovations and the development of KrazyBee's digital lending platform.
As of March 31, 2024, KrazyBee Services Private Limited reported a consolidated net worth of ₹2,630 crore, with total assets amounting to ₹5,578 crore. The company's profit after tax (PAT) for the fiscal year 2024 stood at ₹285 crore, reflecting a Return on Managed Assets (RoMA) of 3.9%. KrazyBee's capital adequacy ratio remains robust, supported by regular equity infusions from prominent private equity partners, including Premji Invest, Advent International, MUFG Bank, TPG NewQuest Capital, Motilal Oswal Private Equity, and ICICI Bank. The company's gearing ratio was reported at 1.0 times as of March 31, 2024, indicating a strong capacity to meet its financial obligations.
In terms of credit ratings, KrazyBee's non-convertible debentures have been assigned a 'CRISIL A-/Stable' rating, reflecting low to moderate credit risk with a strong capacity to meet financial commitments. Additionally, the company holds a 'CRISIL A1' rating for its commercial paper, indicating a very strong degree of safety regarding timely payment.
Get answers to the most frequently asked questions by retail investors
The minimum investment amount is ₹1,00,000 per bond.
Interest is paid on a monthly basis.
The bonds will mature on 12th June, 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.
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