Niyogin Fintech Ltd
BSE:538772
Niyogin Fintech Ltd
Niyogin Fintech Ltd. is focused primarily on the business of financing. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2014-11-17. The firm is focused on delivering solutions for credit, financial inclusion, investments and software as a service (SaaS) services. The company is focused on serving micro, small and medium enterprises (MSMEs). Its products include Rural Tech, Urban Tech, and Wealth Tech. Its Rural Tech product stack includes Aadhaar Enabled Payment System (AePS)/ Micro-ATM (M-ATM), Bharat Bill Payment System (BBPS), Domestic Money Transfer (DMT), Aadhaar Pay, Transaction-led Credit and Microinsurance. The Urban Tech serves MSMEs through credit aggregation and wealth tech. The company provides secured loans, which includes loan against property and loan against security and unsecured loans, such as business loan, buy now pay later program and invoice or bill payment program. Its subsidiaries include Investdirect Capital Services Private Limited, Moneymap Investment Advisors Private Limited and Iserveu Technology Private Limited.
Niyogin Fintech Ltd. is focused primarily on the business of financing. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2014-11-17. The firm is focused on delivering solutions for credit, financial inclusion, investments and software as a service (SaaS) services. The company is focused on serving micro, small and medium enterprises (MSMEs). Its products include Rural Tech, Urban Tech, and Wealth Tech. Its Rural Tech product stack includes Aadhaar Enabled Payment System (AePS)/ Micro-ATM (M-ATM), Bharat Bill Payment System (BBPS), Domestic Money Transfer (DMT), Aadhaar Pay, Transaction-led Credit and Microinsurance. The Urban Tech serves MSMEs through credit aggregation and wealth tech. The company provides secured loans, which includes loan against property and loan against security and unsecured loans, such as business loan, buy now pay later program and invoice or bill payment program. Its subsidiaries include Investdirect Capital Services Private Limited, Moneymap Investment Advisors Private Limited and Iserveu Technology Private Limited.
Major Demerger: Niyogin announced a significant demerger, splitting into two separately listed entities: iServeU (payments infrastructure) and the tech-centric NBFC, to unlock value and enhance focus.
Future Guidance: Management reiterated guidance for the NBFC AUM to reach INR 800 crores and iServeU net revenues to surpass INR 150 crores by FY '27, with margin and profitability improvements expected.
Business Model Shift: iServeU is transitioning to a SaaS model, moving away from transaction-based revenues to long-term, higher-visibility contracts with major banks.
Lending Growth: The NBFC business plans to scale through embedded lending and fintech partnerships, using advanced data and AI for underwriting and targeting underserved segments.
Order Book Strength: iServeU secured large contracts with leading banks for soundboxes and POS devices, providing multi-year revenue visibility.
Profitability Outlook: iServeU expects to achieve EBITDA and net profit starting FY '26, with EBITDA margins projected at 12–15% for FY '26 and 18–20% by FY '27.
AI Monetization: The newly acquired AI vertical is seeing early traction in insurance and is expected to generate INR 3–5 crores ARR by FY '27.
Leadership Additions: New leaders have joined both businesses to drive execution and growth amid the corporate restructuring.
