Namdev Finvest

Serves borrowers banks can't or won't fund.

Green financing products for e-rickshaws and rooftop solar.

Loans are collateral-backed, reducing risk for underwriting an unseasoned customer base.

Small businesses plus individuals buying two-wheelers/e-rickshaws or installing solar panels.

Primary focus is MSME secured lending to underserved/unbanked rural populations.

Retail, agriculture, small-scale manufacturing workers including beauticians and tea stall owners.

Company representatives meet borrowers directly before sanctioning disbursements.

Physical branch network across eight North-West Indian states.

Branch network enables in-person customer education events.

Combines physical branch interactions with digital processes for a largely cash-based customer base.

Keeps lending scope to four sectors to build deeper underwriting expertise.

Finances e-rickshaws and rooftop solar projects as green-finance products.

As of March 2026, the company's loan book (AUM) exceeded ₹1,747.6 crore, serving over 45,446 active borrowers across Tier II and beyond markets in nine states.

Physical and human-capital footprint as of mid-2026: a branch network of 131+ locations supported by a workforce of over 1,597 employees.

Capitalisation strengthened via internal accruals and regular equity infusions: tangible net worth reached ₹440 crore as of March 2025 (up from ₹386 crore a year earlier), with an overall capital adequacy ratio of 30.19% (Tier-I: 28.93%).

Founder Jitendra Tanwar and family hold a 44.39% stake and bring 20+ years of financial-sector experience; Latika Tanwar oversees ESG, CSR, marketing, HR and admin, backed by a professional management team and board with independent directors.

Incofin, Lighthouse Canton (LC) Nueva Fund, British International Investment, Maj Invest and others.

Diversifies funding sources via public, private and small finance banks plus domestic/international financial institutions.

Revenue comes primarily from interest income on a secured loan book heavily concentrated in MSME financing (~90% of the portfolio), with the remainder split across two-wheeler, EV, wholesale lending, LCV/HCV/MUV, and solar loans.

Lending spreads stayed range-bound at roughly 10.25% in FY25, while net interest margin expanded to 8.96% (from 7.29% in FY24).

Beyond loan interest, the company earns interest income by parking cash and cash equivalents (about three months of debt repayments) in bank deposits, which contributed to FY25's NIM expansion.

Opex ratio rose to 5.19% in FY25 (from 5.14% in FY24) and further to 5.30% in Q1 FY26, driven by 15 new branches and 150 new employees added in FY25 as the company deepened penetration in existing geographies.

Credit costs (provisioning for loan losses) nearly doubled to 0.99% in FY25 from 0.57% in FY24, driven by increased slippages as the largely-unseasoned MSME book matures.