Vridhi Home Finance FY26: Profit Doubles YoY To ₹22.3 Cr

As per ICRA, the NBFC’s total managed assets zoomed 65% YoY to ₹1,005.3 Cr in FY26, driven by growth in housing loans and loans against property

Vridhi Home Finance’s asset quality remains healthy, with GNPA hovering around the 0.29% mark as of March 2026 and net non-performing assets at 0.22%

Founded in 2022, Vridhi Home Finance offers home loans in the range of ₹3 Lakh to ₹45 Lakh, primarily targeting underserved borrowers in smaller towns

Bengaluru-based NBFC Vridhi Home Finance’s net profit rose nearly five-fold to ₹22.3 Cr in FY26 from ₹4.6 Cr a year earlier, as per ratings agency ICRA. The company’s total income also more than doubled to ₹103.4 Cr from ₹47.9 Cr in FY25. 

As per ICRA, the NBFC’s total managed assets increased to ₹1,005.3 Cr in FY26 from ₹609.3 Cr in the previous year, driven by growth in housing loans and loans against property. Meanwhile, return on managed assets improved to 2.8% from 1.1% a year ago.

As of March 2026, Vridhi Home Finance’s net worth stood at ₹533.9 Cr, supported by equity funding from promoters and investors. Notably, since inception, the company has raised more than ₹515 Cr to date, including a ₹310 Cr Series B funding round in 2024 led by Norwest Venture Partners.

The ratings agency added that the NBFC’s asset quality remains healthy, with gross non-performing assets (GNPA) hovering around the 0.29% mark as of March 2026 and net non-performing assets (NNPA) at 0.22%. The NBFC’s capital adequacy ratio stood at 104.5%, providing room for further expansion.

Founded in 2022 by Sunku Ram Naresh, Sandeep Arora and Sunil Mehta, Vridhi Home Finance offers home loans in the range of ₹3 Lakh to ₹45 Lakh, primarily targeting underserved borrowers in smaller towns. Combining offline distribution with tech-driven processes, it received the housing finance company (HFC) licence in 2023. 

The NBFC currently operates 92 branches across six states, with an average loan size of around ₹11 Lakh. The company expects its assets under management to continue growing at more than 60% annually over the next three to four years.

The development comes amid rising investor interest in affordable housing and lending-focused fintech startups. In May, housing finance platform Nivasa Finance bagged ₹25 Cr in its seed round from Prime Venture Partners, Blume Ventures and others. Prior to this in January, Easy Home Finance also raised $30 Mn in its Series C round led by Investcorp.

At the heart of all this is India’s growing lending tech market, which is expected to become a $1.3 Tn opportunity by 2030, driven by digital underwriting, public digital infrastructure and growing demand for credit in underserved segments.

Source: Inc42 - Startups