About Company

• Navi Finserv Limited (NFL) (formerly known as Chaitanya Rural Intermediation Development Services Private Limited) was formed in February 14, 2012 to carry on the business of sourcing, underwriting and carrying on the business of lending to individuals and entities including MSMEs, rural credit and other body corporates and provide credit related services as an NBFC.
• Navi Finserv Limited has an NBFC license with effect from March 11, 2016. Navi Finserv Limited was converted from a private limited company to a public company on March 05, 2022.
• Navi Finserv with its systematic and focused approach delivers digital lending products for both personal and housing finance. The Company aims to be a Pan India digital lending service company and provide a full spectrum of digital lending products with an end to end service.
• On November 23, 2023, NFL announced for stake sale of its NBFC‐MFI subsidiary to Svatantra Microin Private Limited. As part of the transaction, Navi Technologies Ltd will also divest its 25% stake in its subsidiary. The purchase consideration for the transaction is Rs 1479 crore.
• NFL, on a standalone basis, had a AUM of Rs. 9891 crore as on September 30, 2023 (Rs. 8056 crore as on March 31, 2023).