Finbud Financial Services Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Finbud Financial Services Ltd. (formerly known as Finkurve Financial Services Ltd.) is a non-banking financial company (NBFC) that operates primarily in the digital lending space. The company focuses on technology-driven financial inclusion, offering a range of loan products and financial solutions through its digital ecosystem. It is positioned as a niche player leveraging partnerships and digital platforms to provide credit access to underserved and retail segments.

Key Points

• Key Facts:
  • Founded: Incorporated in 1984.
  • Headquarters: Mumbai, Maharashtra.
  • Stock Listing: Listed on the Bombay Stock Exchange (BSE).
  • Key Brand: Operates under the brand Arvog.
• Operations and Assets:
  • The company operates a digital-first lending model, focusing on "Gold Loans," "Education Loans," and "Personal Loans."
  • As of September 30, 2025, the company's total assets stood at Rs 741.26 crore, up from Rs 476.94 crore in March 2025.
  • The loan book significantly expanded to Rs 657.68 crore by September 2025, compared to Rs 426.02 crore in March 2025.
• Ownership:
  • As of December 31, 2025, the Promoter Group (Ketan Kothari & Others) held 30.6% of the stake.
  • Thomas John Muthoot (on behalf of Muthoot Bankers) held 13.2%.
  • The remaining 56.3% is held by other public shareholders.
• Revenue and Financial Performance (FY25 Annual):
  • Total Revenue from Operations: Rs 140.48 crore, representing a 56% YoY growth from Rs 90.04 crore in FY24.
  • Interest Income: Rs 80.17 crore (FY25) vs. Rs 52.37 crore (FY24).
  • Fees and Commission Income: Rs 58.59 crore (FY25) vs. Rs 36.96 crore (FY24).
  • Profit After Tax (PAT): Rs 17.41 crore in FY25, an 8.31% increase from Rs 16.07 crore in FY24.
  • Borrowings: Total borrowings (including debt securities) reached Rs 374.90 crore as of September 2025.
• Business Model and Strategy:
  • Finbud utilizes a "Fintech Ecosystem with a Human Touch" approach.
  • It focuses on Co-lending models and strategic partnerships with other financial institutions to scale its loan book while managing capital efficiency.
  • The company emphasizes tech-enabled operations to streamline underwriting and loan management processes.
• Employee Trends:
  • Employee benefit expenses rose to Rs 11.46 crore in FY25 from Rs 2.94 crore in FY24, indicating a significant scale-up in the workforce to support growth.
  • For the nine months ending December 2025 (9M FY26), employee expenses were Rs 12.81 crore.
• Recent Initiatives:
  • The company has been actively increasing its leverage to fuel loan book expansion, with debt-to-equity metrics showing rising utilization of borrowed funds.
  • It maintains a focus on asset quality with impairment on financial instruments recorded at Rs 17.96 crore for FY25.

References

1. Investor Presentation Feb 2026