Niyogin Fintech has published a strong performance for the financial year ending 31st March, 2025, with consolidated net revenue rising 11 per cent year-on-year to Rs. 67.4 crore.
The company marked the fiscal year with a focus on execution, cost optimisation, and leadership restructuring, setting the stage for continued profitability in FY26.
Amit Rajpal, Non-Executive Chairman and Co-Founder, Niyogin, highlighted FY25 as a pivotal year of transformation. “We have worked on improving execution and exited the year strongly. Both our businesses are well-positioned for sustained profitability. With the right leadership in place and continued investments in AI-driven efficiencies, we are unlocking scalable value,” he said.
On the lending side, the company’s NBFC business posted gross disbursements of Rs. 115 crore in Q4FY25, the highest in its history. The quarter also saw the company raise Rs. 52 crore in incremental debt along with funds from warrant conversions, enabling expansion while preserving balance sheet strength.
Tashwinder Singh, CEO and Managing Director, Niyogin termed Q4FY25 a ‘milestone quarter,’ marked by record disbursements and a significant breakthrough in the payments infrastructure business. The tech-infrastructure arm, iServeU, posted its first profit-before-tax positive quarter, with three consecutive quarters of positive EBITDA, and exited the year profitably. iServeU’s growth was largely driven by a pivot to the high-margin SaaS segment, backed by a strong order book worth Rs. 400 crore.
For FY25, consolidated EBITDA loss improved to Rs. 8.6 crore from Rs. 14.8 crore in FY24, while the company successfully raised Rs. 56.2 crore through warrant conversions and Rs. 132 crore in borrowings to strengthen its NBFC book. The company’s assets under management grew by 56 per cent year-on-year to Rs. 278.8 crore.
The company also realigned key leadership roles within its NBFC business to prepare for an upcoming demerger and added new lending partnerships, including Payme, Growmor, and Finsall.
Meanwhile, iServeU signed a contract with Central Bank of India for over 1.5 lakh soundboxes and delivered a UAT portal for the Bharat Bill Payment System to Bank of Baroda.
With structural shifts in place and strong momentum across business segments, Niyogin is confident of meeting its FY26 and FY27 guidance while deepening its differentiated position in FinTech infrastructure and embedded credit.
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