Aye derives strength from its marquee shareholders and their demonstrated track record of capital infusions, which drive the company’s growth prospects. Aye is backed by strong private equity players such as Elevation Capital (16.50%), Lightrock Capital (14.41%), Capital G (10.46%), Alpha Wave India (11.43%), British International Investments (10.15%), A91 Partners (9.52%) and MAJ Invest (6.09%). Apart from these, The founder group holds 9.64% (including Sanjay Sharma with 5.12%) stake in the company, while the remaining is held by the employee welfare trust (1.49%) and others

India Rating upgraded its long term rating to IND A/Stable on Jul 19, 2024 due to improved capitalization, diversified funding profile, seasoned book and improved profitability buffers

Asset quality improved as NNPA reduced to 0.93% in Mar24 from 1.28% in Mar-23. Overall collection efficiency improved to 99% in FY24 (FY23: 98.7%), supported by a strengthened in-house collection team