Navi Finserv Limited

Navi Finserv Limited

Navi Finserv Limited was originally incorporated in the year 2012 as Chaitanya Rural Intermediation Development Services Private Limited. The promoter, Navi Technologies Limited acquired control of the company in 2019, and officially renamed it to Navi Finserv Private Limited in 2020 and then changed to Navi Finserv Limited in 2022. It is classified as a systemically important NBFC.


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NameIssue SizeMaturityCoupon
Navi Finserv LimitedCRISIL AINE342T0744549.80Cr13 Mar 202711.19 %
Navi Finserv LimitedCRISIL AINE342T07403500.00Cr27 Jul 202611.02 %
Navi Finserv LimitedCRISIL AINE342T0745264.02Cr13 Jun 202610.90 %
Navi Finserv LimitedCRISIL AINE342T07395500.00Cr27 Oct 202510.75 %
Navi Finserv LimitedCRISIL AINE342T0746094.29Cr13 Mar 202710.65 %
Navi Finserv LimitedCRISIL AINE342T07387500.00Cr27 Jul 202610.50 %
Navi Finserv LimitedCRISIL AINE342T0743795.14Cr13 Jun 202610.40 %
Navi Finserv LimitedCRISIL AINE342T07379500.00Cr27 Oct 202510.25 %
Navi Finserv LimitedCRISIL AINE342T07478221.29Cr13 Sep 202510.00 %
Navi Finserv LimitedCRISIL AINE342T07411500.00Cr27 Jan 20259.75 %
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History & Promoter

Navi Technologies Limited (NTL) is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. The company owns and operates through an online app ‘Navi’. Incorporated in 2018, the Sachin Bansal backed company sells financial products like loans, health insurance and mutual funds. He currently holds 98% of NTL. 
Navi Finserv Limited offers lending products like personal loans and home loans under the “Navi” brand. The company also offers microfinance loans, under the “Chaitanya” brand through their Subsidiary, Chaitanya India Fin Credit Private Limited (CIFCPL). During the financial year ended March 31, 2023, the company disbursed 18,70,683 personal loans amounting to ₹ 11,500.41 crore, with an average ticket size of ₹61,477 covering over 96% of all Indian pin codes. Since the launch of home loans in February 2021, 1,938 loans were disbursed with an average ticket size of ₹64 lakhs during the financial year ended March 31, 2023.

Current Management



CEOMr Sachin Bansal
Managing DirectorMr Ankit Agarwal
Compliance OfficerMr Vinod Raghavan
Chief Financial Officer

Mr Ankit Surana


Chief Risk OfficerMr Aby George Eapen

Board constitution of Navi Finserv Limited

S. No





Sachin Bansal

Executive Chairman and Chief Executive Officer



B.Tech from the IIT, Delhi.


Ankit Agarwal

Managing Director

B.Tech from the IIT, Delhi
Master’s from IIM Ahmedabad


Ranganathan Sridharan

Independent Director

B.Com from Madras University, 


Usha A Narayanan

Independent Director

B.Com from Madras University Associate Chartered Accountant and a Company Secretary


Arindam Haraprasad Ghosh

Independent Director

Member of the Institute of

Chartered Accountants of India

Geographical Presence

Headquartered in Bengaluru, Karnataka, the digital-first company is present in all states and union territories of India. Using the technology systems developed by their promoter, it allows the company to make financial services available to a wide array of customers.

Products offered by Navi Finserv

Navi Finserv Limited caters to the changing needs of the customer through innovative products. At Navi, they have different products to offer such as Personal Loans, Home loans, and Loans against Property. Let's deep dive to understand more about these products:

  1. Personal  Loan: To meet instant financial requirements Navi Finserv gives personal loans up to ₹ 20 lakh with an interest rate starting at 9.9% p.a, with a loan tenure of up to 72 months, using a 100% paperless process
  2. Home Loan: In 2021, Navi launched home loans for ready-to-move-in, under construction, and self-constructed property: the loan has instant approval up to ₹ 5 crores with interest rate starting from 8.55% p.a. They have 0 foreclosure charges, tenure of up to 30 years and a Loan to value ratio (LTV) of up to 90%.
  3. Loan Against Property for constructed property: the loan has instant approval up to ₹ 5 crores with an interest rate starting from 8.55% p.a. a tenure of up to 15 years and give a Loan value ratio (LTV) of up to 70%.

Their long-term goal is to simplify the legal processes for approving home loans by building a network of pre-approved residential projects. It will also shorten the time of processing claims and minimise loan disbursal time.

Navi’s Credit Rating in the last 3 years

Domestic Credit Rating for 3 years by:

Rating AgencyType of InstrumentFinancial Year 2021Financial Year 2022Financial Year 2023
CRISILLong Term Bank loan facility & NCDsA-/STABLEA/STABLEA/STABLE
India Ratings & Research Private LimitedNon-Convertible Debentures (NCDs)A/STABLEA/STABLEA/STABLE

Brief financials for the last 3 years: (Standalone)

(₹ in Cr)



Financial Year 2021

Financial Year 2022

Financial Year 2023


Profit after tax 





Net worth










Total Borrowing




5Gross Non-performing Asset (GNPA)




6Net Non-Performing Asset (NNPA)




7Leverage Ratio (Debt/Equity)




Advantages of Navi Finserv Limited

  1. Comfortable asset quality with GNPA and NNPA at 1.70% and 0.30%.
  2. Well capitalized, having net worth of more than ₹ 2000 Crore with CRAR of 28.37%.
  3. Diversified set of lenders – HDFC Bank, SBI, ICICI Bank, Kotak Mahindra Bank, etc.

Disadvantages of Navi Finserv Limited

  1. The company’s portfolio is highly concentrated in unsecured space with personal loans forming ~90% of AUM.
  2. The majority of Navi’s portfolio has been built recently. The performance of the loan portfolio over multiple business cycles is yet to be seen.
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