Navi Finserv Limited, incorporated in December 2012, is a Bengaluru-based Non-Banking Financial Company (NBFC) registered and regulated by the Reserve Bank of India (RBI). Navi Finserv aims to provide a comprehensive range of financial services across India. The company offers diverse financial products, including personal loans, home loans, and cash loans, accessible through its user-friendly mobile application. Navi Finserv leverages technology to simplify financial services, making them more affordable and accessible to a broad spectrum of customers. In October 2024, the RBI temporarily barred Navi Finserv from issuing new loans due to compliance issues; however, the restrictions were lifted in December 2024 after the company addressed the regulatory concerns.
The leadership team at Navi Finserv comprises experienced professionals:
Sachin Bansal serves as the Non-Executive Chairman of Navi Finserv Limited. He holds a bachelor's degree in computer science and engineering from the Indian Institute of Technology, Delhi. As the co-founder of Flipkart, he brings extensive experience in technology-driven consumer businesses. In December 2018, he co-founded Navi Technologies Limited, the parent company of Navi Finserv, aiming to simplify financial services for India's digitally connected population.
Ankit Agarwal is the Managing Director of Navi Finserv Limited. He earned his bachelor's degree in computer science and engineering from the Indian Institute of Technology, Delhi, and a master's degree in management from the Indian Institute of Management, Ahmedabad. Before joining Navi, he held senior positions in global banking and markets at Bank of America and served as Vice President at Deutsche Bank AG. His expertise lies in financial services and strategic management.
As of December 31, 2024, Navi Finserv Limited reported a net profit of ₹62.04 crore for Q3 FY24-25, a significant decline of 89.52% compared to ₹591.90 crore in the same quarter the previous year. Revenue for the quarter increased by 12.95% to ₹573.97 crore, up from ₹508.15 crore in the corresponding period last year. The operating profit margin improved to 51.02% in Q3 FY24-25 from 46.31% in Q3 FY23-24. Profit before tax stood at ₹81.09 crore, a sharp decrease from ₹757.85 crore in the same quarter the previous year.
Navi Finserv Limited has been assigned a credit rating of 'CRISIL A/Stable' for its long-term debt instruments, indicating an adequate degree of safety regarding timely servicing of financial obligations and low credit risk. Additionally, India Ratings and Research has affirmed Navi Finserv's non-convertible debentures (NCDs) at 'IND A/Stable' and commercial paper at 'IND A1
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 Jan 22nd, 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.
