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Progfin Private Limited
NSE & BSE equity listed
Progfin private limited is a wholly-owned subsidiary of Desiderata Impact Ventures Pvt. Ltd (DIV). It provides anchor-led supply chain financing and working capital term loans across multiple industries, including two-wheelers, agri inputs, white goods, FMCGs and emerging brands. Progfin is backed by investors like Peak XV (Sequoia), Tiger Global, GrowX, Creation Investments and Google.
Sector Focus
Finance (NBFC)
Highest Credit Rating
BBB+ Stable by ICRA
Listing (Debt)
BSE
Date of NBFC License by RBI
2023
Business & Products
supply chain financing and working capital term loans
Promoter
Mr. Himanshu Chandra
Ms. Pallavi Shrivastava
Key Management Personnel
Mr. Ashish Kumar Singh
Additional Independent Director
Mr. Himanshu Chandra
Director
Ms. Pallavi Shrivastava
Whole Time Director & Chief Executive Officer
Bonds issued by Progfin Private Limited
Financial Performance
| Particulars | H1 FY26 (₹ in cr) | FY25 (₹ in cr) |
|---|---|---|
| AUM | 2120 | 1854 |
| NET WORTH | 596.34 | 588.76 |
| REVENUE | 168.26 | 257.99 |
| PAT | 3.90 | 12.15 |
| CRAR% | 32.27 | 40.30 |
| GNPA% | 1.69 | 1.10 |
| NNPA% | 1.08 | 0.70 |
| GEARING (times) | 3.02 | 1.90 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CRISIL LIMITED | BBB+ | Positive | as on 9th February, 2026 |
| ICRA LIMITED | BBB+ | Stable | as on 15th January, 2026 |
Top Lenders to Progfin Private Limited
The Federal Bank
Kotak Mahindra Bank
ICICI Bank
YES Bank
RBL Bank
DCB Bank
Strength
Healthy capitalisation profile, though capital requirement remains high
Healthy growth prospects and adequate liability profile for current scale of operations
Weakness
Limited track record of lending operations
Evolving profitability metrics
News & Announcement
Important Links
Source:
Investor Presentation, Information Memorandum & Rating Rationale of Progfin Private Limited
