About SBFC Finance Limited 

The Reserve Bank of India approved SBFC Finance Limited as a systemically important non-deposit-taking NBFC that belongs to the Middle Layer. The Mumbai-based company started operations in 2008 to provide financial services to micro, small and medium enterprises (MSMEs) as well as individual customers who fall outside traditional banking networks. The business delivers secured MSME loans and gold-backed loans by utilizing digital tools together with in-person service for quick customer-friendly lending. The loan book is almost fully secured with MSME loans averaging at Rs 9.49 lakh and gold loans at Rs 0.94 lakh .

The company operates through 205 branches in 16 states and 2 Union Territories while serving 1.71 lakh live customers in India during FY2025. The network operates in Tier II and Tier III regions through in-house sourcing and a technology-based operational structure for origination, underwriting and collections.

The company achieved its significant milestones through acquiring Karvy Financial Services Limited assets in FY2018 and by implementing e-NACH and co-origination with ICICI Bank in FY2020–FY2021 while reaching Gold Loan scale-up targets amounting to Rs 500 crore in FY2021 and exceeding Rs 1,000 crore in FY2023 followed by a successful IPO that led to equity listing on August 16, 2023. The credit rating of SBFC received a Stable AA- rating from the market and the company obtained MSCI Global Small Cap Index inclusion demonstrating its institutional development .

The company maintained zero subsidiaries throughout March 31, 2025. The wholly-owned housing finance subsidiary of the company initiated voluntary liquidation procedures during FY2025 and distributed the net proceeds on March 27, 2025.

SBFC Finance Limited’s Key Management

• Aseem Dhru – Managing Director & CEO
• Mahesh Dayani – Executive Director
• Narayan Barasia – Chief Financial Officer
• Rajiv Thakker – Chief Risk Officer
• Ganesh Vaidya – Chief Technology Officer
• Sumeet Ghai – Chief Human Resources Officer
• Sai Prashant Menon – Chief Collections Officer
• Viney Veid – Head – Credit
• Arup Bhattacharya – Head – Treasury
• Namrata Sajnani – Company Secretary & Chief Compliance Officer

Latest Updates on SBFC Finance Limited 

• SBFC expanded its network to 205 branches in 16 states and 2 Union Territories while serving 1.71 lakh customers focusing primarily on Tier II and Tier III India.
• Capital and recognition: Included in the MSCI Global Small Cap Index and FTSE All Cap Index; credit rating reaffirmed at AA- (Stable) by CARE and ICRA.
• Purpose-linked funding: British International Investment invested more than Rs 4,000 million to fund low-income and women entrepreneurs.
• Technology and operating model: The company improved its digital infrastructure by implementing a loan origination system and mobile-based collection system to boost operational speed and maintain execution discipline.
• Performance highlights: AUM rose 28% year-on-year to Rs 8,747 crore; Profit After Tax reached Rs 345 crore in FY2025. Credit quality and capital buffers remained within stated guardrails (AA- with Stable outlook; Capital Adequacy at 36.1%).
• Corporate action: A wholly-owned housing finance subsidiary was placed under voluntary liquidation after its registration application was not considered; the process was completed with proceeds distributed on March 27, 2025.