Sugmya Finance

Name

Sugmya Finance

Legal name

Sugmya Finance

Website

https://sufinn.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Sugmya Finance is a Delhi-based NBFC providing MSME loans, microloans, and consumer durables financing to over 175,000 underserved borrowers across India.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services (MSME & Consumer Lending)

NAICS

Credit Intermediation and Related Activities (522), Sales Financing (522220)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Specialty Consumer Loan Servicing & Collections (Subprime) (FSAKAOAJ)

Keywords

• MSME lending services
• Consumer durables financing
• Micro loan products
• Financial inclusion lending
• NBFC loan products

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income: Sugmya Finance generates revenue primarily through interest income on loans extended to MSMEs, micro borrowers, and consumer durable financing customers. As an NBFC, the company earns spreads between borrowing costs and lending rates.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Sugmya Finance is a Delhi-based Non-Banking Financial Company (NBFC) that extends credit to underserved borrowers across India through three core loan products: MSME Loans for small and medium enterprises, Microloans for individuals and small borrowers, and Consumer Durables Financing for household appliances and electronics purchases. The company has cumulatively served over 1.75 lakh (175,000+) borrowers with a focus on financial inclusion.

Differentiator

Problem solved

Functional benefit

Products and services

• MSME Loans
• Microloans
• Consumer Durables Financing

Quantifiable outcome

• 175,000+ borrowers served across India

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Broad incumbents

• Ujjivan Small Finance Bank: Indian Small Finance Bank serving underserved segments with microloans, MSME loans, and consumer credit products. Comparable to Sugmya's focus on financial inclusion, though operating as a bank with broader deposit and liability capabilities.
• Manappuram Finance: Diversified Indian NBFC with gold loans, microfinance, and vehicle finance verticals. Comparable to Sugmya's diversified lending model and financial inclusion focus, though substantially larger and more established.
• Bajaj Finance: One of India's largest and most diversified NBFCs offering consumer durables financing, MSME loans, and personal loans. Comparable to Sugmya across multiple product verticals, though substantially larger and more diversified with established digital infrastructure.
• Cholamandalam Investment and Finance Company: Major Indian NBFC part of the Murugappa Group, offering vehicle finance, home loans, MSME loans, and consumer durable financing. Comparable to Sugmya's consumer durables and MSME lending verticals.
• Bandhan Bank: Indian commercial bank that originated as a microfinance institution and retains significant exposure to MSME and micro-borrower segments. Comparable to Sugmya's customer base but operates as a full-service bank with deposit franchise.

Direct peers

• Muthoot Microfin: Indian microfinance NBFC providing microloans and small-ticket credit to underserved borrowers. Most directly comparable to Sugmya's microloans vertical in terms of customer segment, ticket size, and financial inclusion focus.
• Fusion Microfinance: Indian NBFC-MFI providing microloans to underserved women borrowers in rural and semi-urban areas. Closely comparable to Sugmya in scale segment, customer profile, and microcredit-led business model.
• CreditAccess Grameen: One of India's largest microfinance companies focused on rural and semi-urban women borrowers. Comparable to Sugmya's microloans vertical with similar focus on financial inclusion and small-ticket lending.
• Spandana Sphoorty Financial: Listed Indian microfinance institution serving low-income borrowers through group and individual lending models. Directly comparable to Sugmya's microloans and MSME credit offerings with overlapping borrower demographics.

Emerging players

• IIFL Samasta Microfinance: Subsidiary of IIFL Finance focused on microfinance lending to women borrowers in underserved areas. Comparable to Sugmya's microloans vertical with similar customer profile and ticket size.

Market position

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

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 Sugmya Finance