Vridhi Home Finance branch office with loan officer and customers
Bengaluru-based NBFC Vridhi Home Finance has reported a significant financial performance for the fiscal year 2026, with its net profit soaring to ₹22.3 crore. This marks a nearly five-fold increase from the ₹4.6 crore profit recorded in the previous fiscal year, according to ratings agency ICRA.
The company’s total income also saw substantial growth, more than doubling to ₹103.4 crore in FY26, up from ₹47.9 crore in FY25. This expansion was driven by a rise in housing loans and loans against property, leading to an increase in total managed assets to ₹1,005.3 crore from ₹609.3 crore in the prior year.
Vridhi Home Finance’s return on managed assets improved to 2.8% in FY26, compared to 1.1% a year earlier. As of March 2026, the NBFC’s net worth stood at ₹533.9 crore, bolstered by equity funding from its promoters and investors. Since its inception, the company has raised over ₹515 crore, including a ₹310 crore Series B funding round in 2024 led by Norwest Venture Partners.
The NBFC maintained healthy asset quality, with gross non-performing assets (GNPA) at 0.29% and net non-performing assets (NNPA) at 0.22% as of March 2026. Vridhi Home Finance’s capital adequacy ratio was reported at 104.5%, indicating a strong position for future growth.
Founded in 2022, Vridhi Home Finance focuses on providing home loans ranging from ₹3 Lakh to ₹45 Lakh, primarily targeting underserved borrowers in smaller towns. The company received its housing finance company (HFC) license in 2023 and currently operates 92 branches across six states, with an average loan size of approximately ₹11 Lakh. Vridhi Home Finance anticipates its assets under management to continue growing at over 60% annually for the next three to four years.
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