Tech
Indifi’s revenue rises 22% to Rs 360 crore; net losses widen to Rs 45 crore
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The lender to micro, small, and medium enterprises (MSMEs), Indifi Technologies, has reported an increase in revenue to Rs 360 crore in FY25, up from Rs 294 crore in the previous fiscal year.
However, the company’s losses widened to Rs 45 crore from Rs 27 crore a year ago, according to its filings with the ministry of corporate affairs.
“Some of it is because of the deterioration in credit that we saw,” Alok Mittal, founder of Indifi, told ET in an interaction. “What that means is that as we move forward, and if the loss rates are at a certain level,…
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