### **Overview** Moneyboxx Finance Limited is a **BSE-listed, non-deposit-taking Base Layer NBFC (NBFC-BL)** focused on delivering **impact-driven financial solutions** to micro and small enterprises (MSEs) in **semi-urban and rural India**. Established in February 2019 with its first branch in Rajasthan, the company has evolved into a fast-growing, technology-enabled financial institution catering to the underserved “missing middle” segment—entrepreneurs requiring business loans between **₹1 lakh and ₹25 lakh**. --- ### **Core Business Model** Moneyboxx operates a **"phygital" model**—a strategic blend of **physical branch infrastructure** and **fully digital processes**—to deliver scalable, efficient, and inclusive credit. It targets essential economic sectors such as: - **Livestock (dairy farming)** - **Kirana (grocery) stores** - **Retail traders** - **Micro-manufacturers** - **Salaried individuals with supplemental income** It offers both **secured and unsecured loans**, with ticket sizes expanding from ₹1 lakh to ₹25 lakh, and tenures stretching up to **7–10 years (84 months)** for secured loans. --- ### **Geographic Reach and Branch Network Expansion** As of **March 2025**, Moneyboxx operates **163 branches** across **12 Indian states**, having achieved a **pan-India presence**: - **North & Central India:** Rajasthan, Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Chhattisgarh, Bihar, Gujarat - **South India (new entry in FY24–25):** Telangana, Andhra Pradesh, Karnataka, Tamil Nadu This expansion doubled its footprint from **86 branches in 8 states (Dec 2023)** to **141 by Sep 2024**, and then to **163 by Mar 2025**, with continued plans to reach **over 175 branches by March 2026** and eventually **400+ by FY28–29**. --- ### **Technology & Digital Innovation** Moneyboxx has built a **fully digitized, AI-powered lending stack** that supports end-to-end operations—from lead generation to collections—via a cloud-based Loan Management System. #### **Key Tech Initiatives:** - **Sikka App**: A customer-facing digital platform enabling: - 30-second paperless loan applications - EMI tracking and repayment - Top-up loans and micro-savings through digital gold (as low as ₹10) - Access to low-cost health insurance - Credit score monitoring and financial literacy tools - **Cattle AI Solution (Launched Mar 2025)**: - Proprietary **image-based AI** to uniquely identify cattle - Reduces duplication, improves age verification accuracy, and strengthens collateral management in gold-secured livestock loans - Works **offline**, enabling faster approvals in remote areas - Currently covers **over 2 lakh cattle** - **AI & Analytics for Risk Management**: - Proprietary underwriting models using non-traditional data, cash flow analysis, and segment-specific algorithms - Real-time decisioning, collection efficiency tracking, and portfolio monitoring via a **Business Intelligence platform** - **Future Roadmap**: - “FaceID for Cattle”, digital vet scheduling, and feed marketplaces - Enhanced **collections app**, disease detection via skin and teeth analysis in livestock --- ### **Product Portfolio & Loan Strategy** - **Secured Loans**: - "Moneyboxx Vyapaar Loan" up to ₹10 lakh - Loans against **residential property** (₹40–50 lakh value) or **gold/gold jewelry** - Long tenures (5–7 years), lower risk, improved borrower quality - **Unsecured Loans**: - Ranging from ₹1–3 lakh with shorter tenures (36 months) - Higher yields (up to 32%) but being strategically reduced - **New Products**: - **Salaried LAP** (Loan Against Property) for salaried individuals—marking expansion beyond self-employed borrowers #### **Strategic Shift to Secured Lending**: - Secured loans now account for **45% of AUM in FY25**, up from **6% in FY23**, with a **target of 65% by March 2026** - Secured disbursements rose to **50% of total in FY24–25** - **Reduced delinquency**, better recovery, and improved credit quality observed in secured loans --- ### **Borrower Profile and Financial Inclusion** Moneyboxx serves borrowers who typically **lack formal documentation** (GST, ITR), banking history, or credit scores. Key borrower insights (as of Jun 2025): - **60% women borrowers**—a consistent focus area - **21–30% "new-to-credit" (NTC)** customers - **Diverse occupations**: kirana shop owners, dairy farmers, hardware retailers, grain dealers, service providers - **Stable income profiles**: Many hold business inventory valued at ₹30–60 lakh and pledge residential assets for credit - **Goal**: Double disposable income of borrowers within three years --- ### **Business Growth & Financial Performance** #### **Asset Under Management (AUM) and Disbursements**: - **AUM peaked at ₹927 crore in March 2025**, moderating to **₹892 crore by Sep 2025** due to an ARC transaction - **Cumulative disbursements**: Over **₹1,800 crore** since inception - **FY24–25 disbursements**: ₹595 crore - **Over 217,000 borrowers served** to date #### **Loan Size Expansion**: - Sharply shifted toward **larger loans (₹5–10 lakh)**, which grew from **19% to 60% of disbursements** - This enhances **revenue per loan** and attracts **more creditworthy borrowers** #### **Funding & Liquidity**: - **Diversified funding mix**: - **43%** Debt Capital Market (via NCDs) - **28%** Banks - **28%** Financial Institutions - Raised **₹82 crore via NCDs in Q1 FY26**, bringing total NCD fundraising to **₹237 crore in 4 months** - Secured funding from institutions: **SBI, RBL, Kotak, Suryoday, UB, and others** - Total debt raised: **₹74 crore** in recent transactions - **Strong liquidity** of **₹97 crore as of Sep 30, 2025** - **33 institutional lenders**, including **12 major banks** #### **Profitability & Risk Management**: - **Maintained profitability despite higher provisions**, showcasing resilience - **Gross NPA**: 6.6% (Sep 2025), with rising AUM expected to stabilize ratios - **Net NPA**: 3.4%, with **50% provision coverage** - **Collection efficiency**: **98.3–98.4%** in current and up to 90DPD buckets - Aggressive provisioning policy: **50% provision after 90 days**, full write-off after 360 days --- ### **Strategic Initiatives & Partnerships** - **MoU with Water.org (Oct 2025)**: - Joint development of **affordable WASH (Water, Sanitation, Hygiene) financing** - Targets micro-enterprises in sanitation infrastructure - Supported by technical assistance, product design, and monitoring - **Co-lending & Lender Partnerships**: - 33 institutional partners - Co-lending lines of **₹500 crore** - On-tap funding of **₹45 crore/month** - **Salaried Segment Penetration**: - Launched **Salaried LAP** loan, broadening beyond self-employed entrepreneurs - **Equity Funding**: - Raised **₹271 crore in fresh equity** (Aug 2024), including strong backer confidence - Plans for additional **₹150 crore in FY25** to support capital adequacy and growth --- ### **Risk Mitigation & Portfolio Diversification** Moneyboxx is actively minimizing sectoral and geographic risks: - **Reduced livestock exposure**: From **64% of disbursements in Q1 FY25 to 37% in Q2 FY26** - **Geographic diversification**: No single state exceeds **30% of portfolio** - **Sector diversification**: From high livestock concentration to broader retail, manufacturing, and salaried lending - Focus on **resilient sectors** (kirana, retail) less affected by economic cycles --- ### **ESG & Beyond-Lending Initiatives** Moneyboxx integrates **social impact into its business model**: - **Hires veterinary doctors** to support livestock borrowers (unique in the NBFC space) - **Free vet consultancy**, agroforestry promotion, bio-gas digester funding - Supports **gender inclusion**, rural entrepreneurship, and climate resilience