Paisalo Digital Ltd, a non-banking financial company (NBFC), announced that its operations and finance committee will review the issuance of non-convertible debentures (NCDs) through private placement. The meeting is set for June 3, 2025. LIC supports the NBFC and owns 1.9% of the company. SBI Life Insurance holds a 9.4 percent stake.
In the final quarter of 2024-25, the company made a net profit of Rs 46.29 crore, a 26% increase from Rs 36.61 crore in the same period last year. For the full year, its net profit reached Rs 200.12 crore, growing 12% compared to the previous year.
The board also recommended a final dividend of 10 percent, or Rs 0.10 per share, for the financial year 2024-25. The shares have a face value of Re 1 each.
Paisalo Digital has raised its first USD 50 million through secured foreign currency convertible bonds (FCCBs). This was the company’s initial FCCB issuance. The process will follow the rules set out by the Reserve Bank for external commercial borrowings (ECBs). The firm plans to raise up to USD 75 million through FCCBs in one or more rounds.
The goal of issuing FCCBs is to strengthen the company’s capital and borrowing profile. It also supports ongoing business projects. Santanu Agarwal, Deputy Managing Director, said, “This FCCB marks a key step in improving our borrowing power and growth.”
Paisalo claims to have served over 65 lakh customers so far. The company has 3,275 offices spread across 22 states in India.