What Axis Finance does

Axis Finance Limited is a Mumbai-headquartered non-banking financial company (NBFC) and majority-owned subsidiary of Axis Bank Limited, incorporated in 1995. The company operates a diversified lending platform organized across three verticals: Retail (Loan Against Property, Personal Loans, Business Loans, Home Loans), MSME (small-ticket collateral-free business loans targeting semi-urban and rural India), and Wholesale (Corporate Lending with 1-12 year tenures, Collateralised Lending, and Real Estate Lending). It also distributes life, general, and health insurance products through insurer partnerships. Sub-brands such as Axis Finance Shakti (Micro LAP), Kushal (Personal Loan), Vyapar (Business Loan), and Disha (Home Loan for EWS/LIG segments) target underserved and credit-thin borrower categories.

The company serves 1 lakh+ customers through 68 offices across 300+ locations in India, supported by digital channels including a customer portal, partner portal, and mobile app. Underlying technology is primarily third-party: the mobile app is built on the Indussoft loan management system, with no proprietary AI/ML platform disclosed. Business model is transaction-based interest income across the lending book, supplemented by processing fees (2-3% of loan amount) and ancillary charges (prepayment, foreclosure, bounce). Pricing follows a discrete interest rate model benchmarked to AFL Reference Rate of 16.35% (effective September 2024), with rates capped at 40% p.a. As of FY26 (ended March 2026), Axis Finance reported sales of Rs 4,996.62 crore and net profit of Rs 806-812 crore on gross AUM of Rs 45,400+ crore and assets under finance of Rs 47,692 crore, reflecting 22% YoY growth.

The company holds AAA/Stable credit ratings from CRISIL, India Ratings, CARE, and Brickwork — among the highest NBFC credit profiles in India. Following a Rs 2,250 crore capital raise completed in April-July 2026 (Rs 1,500 crore Axis Bank rights issue plus Rs 750 crore from Kedaara Capital — its first external investor), Axis Bank's ownership stands at 94.92%. The company is on trajectory toward upper-layer NBFC classification (Rs 1 trillion AUM threshold) and has initiated IPO planning within a three-year regulatory window.

Name

Axis Finance

Legal name

Axis Finance Limited

Website

https://axisfinance.in

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Axis Finance Limited is a Mumbai-based NBFC subsidiary of Axis Bank Limited offering retail, MSME, and wholesale lending solutions across India through 68 offices, serving 1 lakh+ customers with gross AUM of Rs 45,400+ crore and FY26 sales of Rs 4,996.62 crore.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services (NBFC Lending)

NAICS

Finance and Insurance (52)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)

akta.pro primary industry

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Wholesale lending solutions
• Retail loan products
• MSME business financing
• Non-banking financial services
• Collateralised corporate lending

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Retail Lending: Interest income generated from retail loan products including Loan Against Property, Personal Loans, Business Loans, and Home Loans. The company charges processing fees, prepayment/foreclosure charges, and other ancillary fees as per the schedule of charges.
2. Interest Income from Wholesale Lending: Interest income from wholesale lending products including corporate loans, collateralised lending, and real estate financing. Wholesale segment provides loan facilities with tenures ranging from 1 year to 12 years to corporates of all sizes.
3. Processing and Other Charges: Processing charges ranging from 2-3% of loan amount depending on product type, plus applicable taxes. Additional charges include part-prepayment charges (up to 4%), foreclosure charges, bounce charges, document retrieval charges, and loan rescheduling charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Axis Finance is a non-banking financial company (NBFC) that provides wholesale and retail lending solutions across India. Its core offering includes retail loans (Loan Against Property, Personal Loans, Business Loans, Home Loans), MSME financing (Axis Finance Vyapar Business Loans, Shakti Micro LAP), wholesale lending (Collateralised Lending, Corporate Lending, Real Estate Lending with 1–12 year tenures), and distribution of life, general, and health insurance products. The company operates through 68 offices serving 300+ locations and supports customers via a customer portal, partner portal, and mobile app.

Product overview

Axis Finance Limited is an NBFC offering a diversified portfolio of financial lending solutions organized across three main verticals: Retail, MSME, and Wholesale. The Retail vertical provides secured loans (Loan Against Property including Shakti Micro LAP variant, Home Loans including Disha for EWS/LIG), unsecured personal loans (including Kushal variant), and business loans (including Vyapar for MSMEs). The Wholesale vertical encompasses Collateralised Lending, Corporate Lending (1-12 year tenures), and Real Estate Lending. The company also distributes insurance products (life, general, health) through partnerships. The product architecture operates as a multi-segment lending platform with specialized variants targeting underserved markets.

Differentiator

Problem solved

Functional benefit

Brands

• Axis Finance Shakti: Micro Loan Against Property (Micro LAP) product offering small-ticket loans up to Rs 75 lakhs for micro-entrepreneurs, traders, self-employed individuals, and salaried customers.
• Axis Finance Kushal Personal Loan
• Axis Finance Vyapar Business Loan
• Axis Finance Disha Home Loans

Products and services

• Loan Against Property

Quantifiable outcome

• Gross AUM of Rs 45,400+ crore and 1 lakh+ customers
• +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

Integration1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Axis Bank FoundationcoreStrategic or Co-development PartnerCSR partnership for Sustainable Livelihoods Programme working with poorest rural communities to create multiple sources of livelihoods. Axis Bank Foundation is a registered trust that spearheads CSR activities for Axis Bank and its subsidiaries.
• Cuddles FoundationminorStrategic or Co-development PartnerHealth initiative partnership focusing on providing nutritional aid to malnourished, underprivileged children from economically backward households undergoing cancer treatment at government or charitable hospitals.
• Cerebral Palsy Association of India (CPAI)minorStrategic or Co-development PartnerPartnership for promoting special education and providing therapies to special persons (children and adults) for their development and wellbeing. Services include physiotherapy, occupational therapy, speech therapy, sensory therapy, and music and dance therapy.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Bajaj Finance: India's largest and most diversified NBFC, offering retail, MSME, and commercial lending across consumer durables, personal loans, business loans, mortgages, and rural lending. Closest comparable to Axis Finance in product breadth, multi-segment GTM, and upper-layer NBFC scale ambitions.
• Cholamandalam Investment and Finance: Diversified Indian NBFC with strong vehicle finance, home loans, and SME lending franchises. Comparable to Axis Finance in its three-vertical structure (vehicle/MSME/home loans) and focus on secured retail + SME lending; both serve growing middle-class and business borrower segments.
• Shriram Finance: Large Indian NBFC focused on commercial vehicle finance, two-wheeler loans, gold loans, and small enterprise lending, with deep penetration in semi-urban and rural India. Directly comparable to Axis Finance's MSME and rural retail orientation, particularly the Shakti Micro LAP and Vyapar products.
• Muthoot Finance: India's largest gold loan NBFC, with a pan-India branch network focused on small-ticket, collateral-backed lending to retail and small business customers. Comparable to Axis Finance in distribution-led approach and small-ticket retail/MSME lending, particularly the loan-against-property book.
• Mahindra & Mahindra Financial Services: Indian NBFC providing auto loans, tractor loans, SME financing, and rural lending through a large branch network. Comparable to Axis Finance in its focus on secured retail and MSME lending, parent group backing (Mahindra Group), and presence in semi-urban/rural markets.
• L&T Finance Holdings: Diversified Indian NBFC with retail (farm equipment, two-wheeler, home loans), MSME, and wholesale infrastructure/corporate lending. Directly comparable to Axis Finance's three-vertical structure and upper-layer NBFC trajectory; also a large parent-group subsidiary (L&T Group).
• Sundaram Finance: Indian NBFC with a strong presence in commercial vehicle finance, car loans, and corporate lending, with growing SME and home finance subsidiaries. Comparable to Axis Finance in its diversified lending model and longstanding parent-group affiliation (TVS Group).
• Tata Capital: Indian NBFC arm of the Tata Group, offering retail loans (personal, home, vehicle), MSME financing, and corporate loans. Highly comparable to Axis Finance in its diversified NBFC structure, Tata Group/parent conglomerate backing, and pending IPO plans.
• IIFL Finance: Diversified Indian NBFC offering gold loans, home loans, business loans, and microfinance with a strong digital footprint. Comparable to Axis Finance in retail/MSME lending focus and digital channel orientation, though with a heavier weighting toward gold lending.
• PNB Housing Finance: Indian housing finance company backed by Punjab National Bank, offering home loans, loan against property, and developer financing. Comparable to Axis Finance's home loan (Disha) and wholesale real estate lending franchises, and similar public-sector-linked banking backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/axis-finance-limited

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments1 record

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

Frequently asked questions about Axis Finance