Aseem Infrastructure Finance

What Aseem Infrastructure Finance does

Aseem Infrastructure Finance Limited (AIFL) is a Reserve Bank of India-registered Non-Banking Finance Company classified as an Infrastructure Finance Company (NBFC-IFC), incorporated in 2019 and headquartered in Mumbai with a registered office in New Delhi. The company provides structured debt financing across the infrastructure lifecycle with a concentrated focus on sustainable infrastructure: green energy (solar, wind, and hybrid projects), power transmission, electric mobility, and roads. AIFL is sponsored by NIIF Strategic Opportunities Fund with Government of India anchoring, and is currently undergoing a change of control via acquisition by a TPG Rise Climate-led consortium (TPG 65%, GIC 25%, ICICI Bank 5%, ESOP 5%) at an enterprise value of approximately Rs 5,000 crore. The company also holds a 30.82% equity stake in NIIF Infrastructure Finance Company Limited (NIIF IFL), an NBFC-IDF providing takeout financing for operational infrastructure projects.

AIFL operates a direct B2B lending model engaging infrastructure developers, sponsors, and project companies through enterprise field sales. Revenue is generated principally through interest income on its loan portfolio, supplemented by processing fees, underwriting fees, and other transaction-related fees. The asset book exceeds Rs 17,000 crore, with cumulative disbursements of approximately Rs 40,000 crore ($4.2 billion) across 27 GW of renewable energy projects and 2,000 km of power transmission infrastructure. The company reports zero non-performing assets since inception and 49% climate-friendly funding exposure as of March 2025.

For FY26 (year ending March 2026), AIFL reported revenue of Rs 1,657.23 crore and net profit of Rs 551.64 crore, representing 49.31% year-over-year profit growth, with Q4 FY26 net profit rising 113.95% YoY. The company employs approximately 11-50 staff across business, finance and treasury, risk, legal, secretarial and compliance, and administration functions, with a senior leadership team drawn from L&T Infrastructure Finance, L&T Financial Services, Tata Cleantech, IDFC, ICICI Bank, Edelweiss, and SMBC.

Name

Aseem Infrastructure Finance

Legal name

Aseem Infrastructure Finance Limited

Website

https://aseeminfra.in

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Aseem Infrastructure Finance is an RBI-registered NBFC-IFC that provides structured debt financing for sustainable infrastructure projects in India, including renewable energy, power transmission, electric mobility, and roads, with cumulative disbursements of approximately Rs 40,000 crore across 27 GW of renewable capacity.

Ownership category

akta.pro rank

Product category

Infrastructure Project Finance

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro industry

PRIMARYFSAGAHAD

Underwriting Automation & Income/Employment Verification

Financial & Insurance/Financial Technology (Fintech)/LendTech (Digital Lending Platforms & Credit Decisioning)

Keywords

• Infrastructure project finance
• Renewable energy lending
• NBFC infrastructure financing
• Green energy project debt
• Power transmission lending

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Loan Portfolio: Core revenue generated from interest income on loans extended to sustainable infrastructure projects including renewable energy, power transmission, and road infrastructure. As an NBFC-IFC, AIFL earns interest spread on its lending portfolio.
2. Fee Income: Processing fees, underwriting fees, and other transaction-related fees from lending activities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Aseem Infrastructure Finance Limited (AIFL) is an RBI-registered NBFC-IFC providing a full bouquet of debt and related financial solutions to India's sustainable infrastructure sector. It extends project finance, refinancing, NCD subscription, and structured debt solutions across four verticals: renewable energy (solar, wind, hybrid), power transmission, electric mobility, and roads, primarily to enterprise-level developers, sponsors, and project companies.

Product overview

Aseem Infrastructure Finance Limited (AIFL) operates as an RBI-registered Non-Banking Finance Company classified as an Infrastructure Finance Company (NBFC-IFC). The company offers a comprehensive suite of financial solutions across four core product verticals: Green Energy Financing, Electric Mobility Financing, Power Transmission Financing, and Roads Infrastructure Financing. These products are tailored for sustainable infrastructure development in India, with a significant focus on green transition (~70% exposure in green sectors). The company also holds a 30.82% equity stake in NIIF Infrastructure Finance Company Limited (NIIF IFL), an associate company providing takeout financing for operational infrastructure projects. AIFL provides end-to-end customized financing solutions across operating, brownfield, and greenfield infrastructure assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Energy Financing
• Power Transmission Financing
• Electric Mobility Financing
• Roads Infrastructure Financing

Quantifiable outcome

• Zero NPAs since inception demonstrating best-in-class asset quality
• +4 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• L&T Finance (formerly L&T Infrastructure Finance): One of India's largest infrastructure-focused NBFCs and the prior employer of AIFL's CEO (Virender Pankaj led wholesale finance at L&T Infrastructure Finance). Competes head-on in renewable energy, roads, and power transmission project finance with similar ticket sizes and underwriting approach.
• Tata Cleantech Capital Limited: Tata Group's green infrastructure NBFC financing renewable energy, energy efficiency, and clean mobility projects. Direct competitor for ESG-aligned project finance mandates, and notably the firm from which AIFL's incoming TPG-era CEO Manish Chourasia is recruited.
• NIIF Infrastructure Finance Company Limited (NIIF IFL): RBI-registered NBFC-IDF providing takeout financing for operational infrastructure assets in renewable power, roads, transmission, and logistics. AIFL holds 30.82% in NIIF IFL, making it an associate with overlapping product offerings in infrastructure debt.

Broad incumbents

• India Infrastructure Finance Company Limited (IIFCL): Government-owned infrastructure finance company providing long-term debt for commercially viable infrastructure projects across roads, power, telecom, and urban infrastructure. Operates at a broader scale than AIFL across non-green and green sub-sectors.
• National Bank for Financing Infrastructure and Development (NaBFID): Statutorily created sovereign-backed development finance institution launched in 2021 to address India's infrastructure financing gap. Co-lent alongside AIFL to Juniper Green Energy's hybrid projects, signalling partial overlap in the renewable and roads project finance market.
• Power Finance Corporation (PFC): India's largest public-sector financier of the power sector and a major lender to renewable energy and power transmission projects. A broader incumbent whose government ownership allows it to underwrite larger tickets than AIFL.
• REC Limited: Central public-sector enterprise under the Ministry of Power financing and promoting generation, transmission, and renewable projects across India. Operates at vastly larger scale than AIFL across the same power sector verticals.
• Indian Renewable Energy Development Agency (IREDA): Government-owned specialized NBFC focused exclusively on renewable energy and energy efficiency financing. A direct incumbent for many of the same RE deals AIFL underwrites, with the advantage of sovereign backing and lower funding costs.

Others

• IFC (International Finance Corporation): World Bank Group's private-sector investment arm and a historical investor in Indian infra platforms. Comparable as an institutional climate-finance counterparty and through overlap with AIFL's board (e.g., former IFC India lead Nilesh Shrivastava).
• IDFC Limited / IDFC First Bank: Legacy infrastructure finance institution that has diversified into banking; many AIFL senior leaders (in CRO, credit risk, and legal functions) were previously at IDFC, making it a strong talent and product analogue in wholesale infrastructure credit.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aseem-infrastructure-finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aseem Infrastructure Finance