• Merchant finance traction: Merchant finance AUM has reached ₹3,000 crore with monthly additions of about 60,000 customers, while 100% subsidiary GroX Technologies manages 3,40,000 to 3,50,000 customers at portfolio yields of 25% to 26%.
• Branch network expansion: The emerging market network has grown to 318 branches across 13 states, disbursing ₹200 to ₹250 crore monthly to small MSMEs and reaching an AUM of about ₹3,900 crore.
• Asset quality metrics: Asset quality remains stable and aligned with targets, reporting a gross NPA of 2.6% and a net NPA of 1.9% within its MSME-focused book.
• Strategic realignment targets: The company has discontinued lower-yielding, DSA-sourced prime lending to focus entirely on emerging branches and embedded finance, aiming for a 3% to 3.5% ROA and 13% to 15% ROE over the next three years.