Navi Finserv, founded by Sachin Bansal, reported a 14% year-on-year increase in quarterly operating revenue to Rs 654 crore and a 21.7% rise in net profit to Rs 75.5 crore for Q3, though expenses also grew by 12%.
However, on a consolidated annual basis, its parent company Navi Limited swung to a net loss of Rs 126.3 crore in FY25 from a profit the previous year, driven by a 10% rise in expenses that outpaced its 18% revenue growth.
The article also covers leadership changes, with Bansal moving to executive chairman and new CEOs appointed for subsidiaries, as well as a temporary RBI lending restriction on Navi Finserv in late 2024 that was later lifted.
Main topics: Navi's financial performance (quarterly profit vs. annual loss), corporate restructuring and leadership changes, and regulatory challenges.
Consumer lending startup Navi Finserv, founded by Flipkart cofounder Sachin Bansal, reported operating revenues of Rs 654 crore for the quarter ended December 31, up 14% from the same period last year.
The Bengaluru-based firm posted a net profit of Rs 75.5 crore during the quarter, a 21.7% increase year-on-year (YoY), according to financial documents sourced from the Registrar of Companies (RoC).
Expenses, however, rose likewise, increasing 12% YoY to Rs 554.7 crore.
Non-banking finance company Navi Finserv is a wholly owned subsidiary of Navi Limited and focusses on digital lending, including personal and home loans.
On a consolidated basis, Navi Limited had swung to losses in FY25, after reporting profits in FY24.
According to filings sourced from RoC, Navi Limited reported a net loss of Rs 126.3 crore for the fiscal year ended March 2025 (FY25), against a profit of Rs 168.9 crore in FY24. Operating revenues during the fiscal year grew 18% to Rs 2,565 crore in FY25 from Rs 2,180 crore a year back.
The losses were driven by expenses climbing almost 10% to Rs 2,730 crore compared to Rs 2,490 crore a year back.
Another subsidiary, Navi Technologies, offered services such as health insurance, mutual funds, and UPI-based payments through Navi UPI.
Bansal exited ecommerce major Flipkart in 2018 following its acquisition by Walmart and invested a significant portion of the proceeds into building Navi.
Last year, Bansal announced plans to transition to the role of executive chairman of the Navi Group, which included Navi Finserv and Navi Technologies. He had served as CEO of both companies since founding them in 2016. As part of the leadership restructuring, Abhishek Dwivedi was appointed CEO of Navi Finserv, while Rajiv Naresh took over as CEO of Navi Technologies.
In August 2025, Navi Technologies was officially rebranded as Navi Limited to reflect its evolution from a technology-focussed entity to a broader financial services platform.
In October 2024, the Reserve Bank of India had directed Navi Finserv and three other non-banking financial companies (NBFCs) to stop sanctioning and disbursing loans, citing material supervisory concerns, including excessive pricing of loans. The restrictions were lifted in December after several rounds of discussions and corrective measures by the company.
The Bengaluru-based firm posted a net profit of Rs 75.5 crore during the quarter, a 21.7% increase year-on-year (YoY), according to financial documents sourced from the Registrar of Companies (RoC).
Expenses, however, rose likewise, increasing 12% YoY to Rs 554.7 crore.
Non-banking finance company Navi Finserv is a wholly owned subsidiary of Navi Limited and focusses on digital lending, including personal and home loans.
On a consolidated basis, Navi Limited had swung to losses in FY25, after reporting profits in FY24.
According to filings sourced from RoC, Navi Limited reported a net loss of Rs 126.3 crore for the fiscal year ended March 2025 (FY25), against a profit of Rs 168.9 crore in FY24. Operating revenues during the fiscal year grew 18% to Rs 2,565 crore in FY25 from Rs 2,180 crore a year back.
The losses were driven by expenses climbing almost 10% to Rs 2,730 crore compared to Rs 2,490 crore a year back.
Another subsidiary, Navi Technologies, offered services such as health insurance, mutual funds, and UPI-based payments through Navi UPI.
Bansal exited ecommerce major Flipkart in 2018 following its acquisition by Walmart and invested a significant portion of the proceeds into building Navi.
Last year, Bansal announced plans to transition to the role of executive chairman of the Navi Group, which included Navi Finserv and Navi Technologies. He had served as CEO of both companies since founding them in 2016. As part of the leadership restructuring, Abhishek Dwivedi was appointed CEO of Navi Finserv, while Rajiv Naresh took over as CEO of Navi Technologies.
In August 2025, Navi Technologies was officially rebranded as Navi Limited to reflect its evolution from a technology-focussed entity to a broader financial services platform.
In October 2024, the Reserve Bank of India had directed Navi Finserv and three other non-banking financial companies (NBFCs) to stop sanctioning and disbursing loans, citing material supervisory concerns, including excessive pricing of loans. The restrictions were lifted in December after several rounds of discussions and corrective measures by the company.
Meridiano
