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Namdev Finvest Expands to 140 Branches Across 10 States, Boosts Profit Five-Fold
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News18•22-09-2026, 18:00
Namdev Finvest Expands to 140 Branches Across 10 States, Boosts Profit Five-Fold
- •Jaipur-based NBFC Namdev Finvest Ltd has expanded its branch network to nearly 140 across 10 states over the past five years, up from 37.
- •The company's profit after tax has increased more than five-fold, and loan disbursements have grown nearly 11 times during the same period.
- •Founded in 2013, Namdev Finvest focuses on lending to small businesses, self-employed borrowers, and customers in Tier II and III markets.
- •Its assets under management have surpassed Rs 1,747 crore, with Odisha being the latest state added to its operations.
- •The company recently converted to a public limited company, received an ICRA rating upgrade to A- (Stable), and raised over USD 79.5 million in funding.
Key Questions Answered
Namdev Finvest has expanded its branch network to nearly 140 branches across 10 states over the past five years, with Odisha being the latest state added to its operations.
Founded in 2013, Namdev Finvest focuses on lending to small businesses, self-employed borrowers, and customers in Tier II and III markets.
In June, the company converted from a private to a public limited company and received an ICRA rating upgrade to A- (Stable).
