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.
Sort By
Coupon
Rating
Maturity
Name | Issue Size | Maturity | Coupon |
---|---|---|---|
Navi Finserv Limited | 49.80Cr | 13 Mar 2027 | 11.19 % |
Navi Finserv Limited | 500.00Cr | 27 Jul 2026 | 11.02 % |
Navi Finserv Limited | 64.02Cr | 13 Jun 2026 | 10.90 % |
Navi Finserv Limited | 500.00Cr | 27 Oct 2025 | 10.75 % |
Navi Finserv Limited | 94.29Cr | 13 Mar 2027 | 10.65 % |
Navi Finserv Limited | 500.00Cr | 27 Jul 2026 | 10.50 % |
Navi Finserv Limited | 150.00Cr | 27 Aug 2027 | 10.50 % |
Navi Finserv Limited | 100.00Cr | 13 Nov 2026 | 10.40 % |
Navi Finserv Limited | 95.14Cr | 13 Jun 2026 | 10.40 % |
Navi Finserv Limited | 250.00Cr | 13 Feb 2026 | 10.40 % |
Navi Finserv Limited
History & PromoterCurrent ManagementBoard constitution of Navi Finserv LimitedGeographical PresenceProducts offered by Navi FinservNavi’s Credit Rating in the last 3 yearsBrief financials for the last 3 years: (Standalone)Advantages of Navi Finserv LimitedDisadvantages of Navi Finserv LimitedHistory & 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
Particulars | Name |
CEO | Mr Sachin Bansal |
Managing Director | Mr Ankit Agarwal |
Compliance Officer | Mr Vinod Raghavan |
Chief Financial Officer | Mr Ankit Surana
|
Chief Risk Officer | Mr Aby George Eapen |
Board constitution of Navi Finserv Limited
S. No | Management | Designation | Education |
1. | Sachin Bansal | Executive Chairman and Chief Executive Officer
| B.Tech from the IIT, Delhi. |
2. | Ankit Agarwal | Managing Director | B.Tech from the IIT, Delhi |
3. | Ranganathan Sridharan | Independent Director | B.Com from Madras University, |
4. | Usha A Narayanan | Independent Director | B.Com from Madras University Associate Chartered Accountant and a Company Secretary |
5. | 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:
- 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
- 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%.
- 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 Agency | Type of Instrument | Financial Year 2021 | Financial Year 2022 | Financial Year 2023 |
CRISIL | Long Term Bank loan facility & NCDs | A-/STABLE | A/STABLE | A/STABLE |
India Ratings & Research Private Limited | Non-Convertible Debentures (NCDs) | A/STABLE | A/STABLE | A/STABLE |
Brief financials for the last 3 years: (Standalone)
(₹ in Cr)
S.No. | Particular | Financial Year 2021 | Financial Year 2022 | Financial Year 2023 |
1 | Profit after tax | 97.54 | -66.91 | 171.99 |
2 | Net worth | 1,152.60 | 1,185.26 | 2,191.92 |
3 | AUM | 529.35 | 2,791.44 | 6,369.51 |
4 | Total Borrowing | 2,086.49 | 2,822.68 | 5,762.63 |
5 | Gross Non-performing Asset (GNPA) | 4.46% | 0.87% | 1.70% |
6 | Net Non-Performing Asset (NNPA) | 0.45% | 0.04% | 0.30% |
7 | Leverage Ratio (Debt/Equity) | 1.81 | 2.39 | 2.54 |
Advantages of Navi Finserv Limited
- Comfortable asset quality with GNPA and NNPA at 1.70% and 0.30%.
- Well capitalized, having net worth of more than ₹ 2000 Crore with CRAR of 28.37%.
- Diversified set of lenders – HDFC Bank, SBI, ICICI Bank, Kotak Mahindra Bank, etc.
Disadvantages of Navi Finserv Limited
- The company’s portfolio is highly concentrated in unsecured space with personal loans forming ~90% of AUM.
- 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.
Click here to explore Navi Bond on Wint Wealth