Fedbank Financial Services

What Fedbank Financial Services does

Fedbank Financial Services Limited (Fedfina) is an Indian non-banking financial company (NBFC) headquartered in Mumbai, publicly listed on BSE and NSE, and majority-owned by Federal Bank, which retains a 61% stake. The company focuses on collateralized retail and MSME lending, with a product portfolio comprising gold loans (including a doorstep gold loan service), loan-against-property (LAP) products for micro, small, and medium enterprises (including Vyapar and MSE-LAP variants), and home loans for purchase, construction, improvement, and balance transfer. Fedbank Financial distributes these products through a pan-India physical branch network covering 13+ states, supplemented by digital channels including online applications, an Android mobile app, WhatsApp Business, and social media engagement.

The company generated FY2026 revenue of ₹2,223.60 crore with a net profit of ₹343.60 crore, supported by a total AUM of ₹21,136 crore (up 34.7% YoY), of which gold loans constituted ₹11,191 crore (up 76.7% YoY). Asset quality is strong with gross Stage III assets at 1.6% and ROE at 15.4%. The business model is primarily interest-income driven from secured lending, funded through a mix of NCDs (₹200 crore issuance approved December 2025), bank borrowings, and equity capital. The company carries an IND AA+ rating with stable outlook from India Ratings & Research and is led by MD & CEO Anil Kothuri under Chairman Shyam Srinivasan.

Name

Fedbank Financial Services

Legal name

Fedbank Financial Services Limited

Website

https://fedfina.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Fedbank Financial Services (Fedfina) is a Mumbai-based Indian NBFC majority-owned by Federal Bank, offering collateralized gold loans, property loans, home loans, and MSME credit products through a pan-India branch network, with total AUM of ₹21,136 crore.

Ownership category

akta.pro rank

Product category

NBFC Retail Lending

NAICS

Commercial Banking (52211)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro industry

PRIMARYFSAGAAAI

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations)

Financial & Insurance/Financial Technology (Fintech)/Digital Banking & Neobanking Platforms

Keywords

• Gold loan lending
• Loan against property
• Home loan financing
• MSME collateral lending
• Non-banking financial services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Gold Loan Lending: Primary lending product secured by gold collateral, generating interest income from loans disbursed. Gold loan AUM grew 76.7% YoY to ₹11,191 crore in Q1 FY2026, representing significant portion of total AUM.
2. Loan Against Property (LAP): MSME focused lending against residential and commercial property collateral, providing collateralized business loans to small and medium enterprises.
3. Home Loans: Retail mortgage lending for residential property purchase, construction, and improvement, including balance transfer options.
4. Non-Convertible Debentures (NCDs): Company issued ₹200 crore in secured, listed NCDs with 36-month maturity on private placement basis for funding operations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Fedbank Financial Services is an Indian NBFC that provides collateralized retail and MSME lending products, primarily Gold Loans (including doorstep delivery), Property Loans/Loan Against Property (with MSE-LAP variants), Home Loans, and Vyapar business loans. The company operates a pan-India branch network and complementary digital channels to originate and service these secured loan portfolios.

Product overview

Fedbank Financial Services (Fedfina) operates as a retail-focused NBFC and dedicated MSME lender offering a unified suite of collateralized lending products. The core portfolio consists of Gold Loans (including Doorstep Gold Loan delivery), Property/Loan Against Property products (with MSE-LAP variants for micro and small enterprises), Home Loans, and Vyapar business loans. The company focuses on collateral-backed lending through gold and mortgage loans, leveraging its parentage from Federal Bank which retains a 61% stake.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Loan Collateralized loans secured against gold jewellery and ornaments, providing individual borrowers quick access to funds with flexible repayment options and gold-secured insurance. Includes sub-schemes for retail, medium, and high-value ticket sizes plus balance transfer options.
• Doorstep Gold Loan Gold loan service delivered at the customer's location — Fedfina representatives visit the customer to evaluate gold and disburse the loan without the customer needing to visit a branch. Targeted at customers who value convenience and in-home service.
• Property Loan (Loan Against Property) Loans secured against residential or commercial property for individuals and businesses, including purchase loans and balance transfer options with affordable variants for MSMEs.
• Home Loan Loans for purchasing, constructing, or improving residential properties, including balance transfer and balance transfer with top-up options, targeted at individual homebuyers and existing homeowners.
• Vyapar Loan Business loans designed for commercial purposes, targeted at entrepreneurs and small business owners seeking credit for commercial operations.
• MSE-LAP (Micro and Small Enterprise Loan Against Property) Loans against property specifically designed for micro and small enterprises to support business growth, with affordable variants for residential and commercial property and commercial property purchase.

Quantifiable outcome

• Gold loan AUM grew 76.7% YoY to ₹11,191 crore in Q1 FY2026
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mahindra & Mahindra Financial Services: Indian NBFC focused on rural, semi-urban and MSME lending including LAP and housing finance. Comparable customer base and secured retail lending profile.
• Manappuram Finance: Indian listed NBFC with gold loans as its flagship product, alongside microfinance and housing finance. Closest pure-play analogue to Fedfina's gold-loan-dominant model.
• Muthoot Finance: Largest Indian gold loan NBFC by AUM, with deep branch presence and similar LAP/MSME crossover. Sets the competitive benchmark for gold loan growth and yields in the sector.
• IIFL Finance: Diversified Indian retail NBFC offering gold loans, home loans, LAP, and business loans. Overlapping product mix and target customer segments make IIFL a structurally comparable peer.
• Cholamandalam Investment and Finance Company: Indian NBFC with strong LAP, home loan, and SME vehicle finance franchise. Comparable on MSME collateralized lending and diversified secured retail book.
• Shriram City Union Finance: Indian NBFC specializing in MSME, gold loans, and small business lending. Direct overlap with Fedfina's LAP and gold loan segments in tier-2/3 markets.
• LIC Housing Finance: One of India's largest home loan financiers with retail mortgage focus. Comparable on home loan segment dynamics and pricing power.
• PNB Housing Finance: Indian housing finance company focused on retail home loans and LAP. Direct peer for Fedfina's home loan and property loan products.

Broad incumbents

• Bajaj Finance: Largest Indian retail NBFC with consumer lending, MSME, mortgage and digital product breadth. Larger scale incumbent in the same collateralized retail lending category.
• HDFC Bank: India's largest private sector bank offering home loans, LAP, business banking and gold loans alongside deposits. Larger incumbent with overlapping product suite and MSME relationships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/Fedfina-FedbankFinancialServicesLtd
• Facebookfacebook.com/FedbankFinancial
• LinkedInlinkedin.com/company/fedfina
• Instagraminstagram.com/fedbankfinancialservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Fedbank Financial Services