1.Company Information

Navi Finserv Limited (‘Navi’) is a non-deposit taking, systemically important NBFC registered with RBI and a wholly owned subsidiary of Navi Technologies Limited (NTL). NTL is a technology-driven financial products and services company in India focusing on the digitally connected young middleclass population of India. It offers lending products like personal loans and home loans under the “Navi” brand.It acquired its current brand name in Jun’20 after getting acquired by Mr. Sachin Bansal led – NTL in Oct’19. Mr. Sachin Bansal presently holds about 98% stake in the company which, in turn, holds 100% stake in Navi.It launched personal loans product under the “Navi” brand in Apr’20. Under this business, it extends instant personal loans up toRs. 2.0 million with tenors of up to 48 months (84 months as permissible under internal policies of the Company) through an entirely digital Navi App-only process. Since launch and up to Sep’23, it disbursed 3,671,272 personal loans amounting toRs. 215,321.33 million.During the six months period ended Sep’23, it disbursed 1,010,761 personal loans amounting toRs. 61,361.45 million, with an average ticket size ofRs.60,708.Navi’s home loans product was launched under “Navi” brand in Feb’21 to extend: (a) home loans for ready to move-in, under-construction and self-constructed properties, and (b) loans against property for constructed properties. As of Mar’23, it had disbursed home loans across 10 cities in India. It offers loans up toRs. 100 million with a tenor of up to 30 years. As of Sep’23, the Company had an AUM ofRs. 7,257.62 million.

2. Ratings

CRISIL A/Stable

3. Navi Finserv NCD Registrar

Link Intime India Private Ltd

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270