Finkurve Financial Reports 97% AUM Growth, Appoints New CEO

Finkurve Financial Services Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported a 97% year-on-year growth in Assets Under Management (AUM), which increased from INR 341 crore to INR 671 crore. The Profit After Tax (PAT) rose by 71% to INR 5.92 crore. The company also disclosed a 50% increase in total income, which reached INR 48.14 crore for Q2 FY26.

The company’s Net Interest Income increased by 73% year-on-year, amounting to INR 25.67 crore. The Net Interest Margin (NIM) was reported at 16.93%. The Gross Non-Performing Assets (NPA) stood at 1.13%, while the Net NPA was 0.89%. The Capital Adequacy Ratio remained at 47.14%, and the liquidity position was strong with INR 38.62 crore in cash and cash equivalents, representing 5.21% of total assets.

Operationally, Finkurve expanded its branch network from 72 to 92 branches. The company reported disbursements of INR 794.98 crore during the quarter. In May 2025, Finkurve raised approximately INR 111.50 crore through a preferential issue of equity shares and share warrants. During Q2 FY26, the company raised an additional INR 118 crore via private placement of Non-Convertible Debentures (NCDs). The company also added six new lenders during this period.

Finkurve’s shares were listed on the National Stock Exchange on October 1, 2025. The Board of Directors approved the appointment of Mr. Naveen Kottala as the new Chief Executive Officer, effective November 18, 2025. Mr. Kottala is expected to lead the company’s next phase of growth, focusing on expanding its gold loan network and enhancing its technology-driven business model.

The company achieved a key milestone by launching its first branch in Chennai, Tamil Nadu, during Q1 FY26. The strategic focus remains on scaling operations and expanding its technology-driven phygital model to enhance its market presence in India’s gold loan industry.

Finkurve Financial Services Ltd, also known as Arvog, is a non-banking financial company (NBFC) registered with the Reserve Bank of India as a non-deposit-taking, base-layer NBFC. Established in 1984, the company focuses primarily on gold loans, which form the majority of its Assets Under Management. Finkurve also offers personal and SME loans, expanding its financial solutions through partnerships with fintech companies. The company has a strategic tie-up with Augmont Goldtech, India’s largest fully integrated gold platform.