Infina Finance

What Infina Finance does

Infina Finance Private Limited is a Mumbai-headquartered Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, incorporated in 1996 under CIN U67120MH1996PTC098584. The company offers four secured lending products: Loan Against Securities (LAS) for pledging listed equities, mutual funds, bonds, REITs/InvITs, and select AIF units and unlisted shares; ESOP Financing for employees exercising vested stock options in listed or unlisted companies; Loan Against Property (LAP) against residential, commercial, or industrial real estate; and Corporate Real Estate (CRE) structured financing for developers including construction, last-mile, inventory, and balance-transfer facilities. Pricing is usage-based with interest rates starting at 8.5% p.a. (ESOP), 10.5% p.a. (LAS), loan-to-value ratios up to 85%, and tenures ranging from 7 days to 180 months depending on product. Revenue is generated entirely through interest income on these collateralized loan books; FY2024-25 turnover was Rs 532.66 crore, representing approximately 0.50% of Kotak Mahindra Bank's consolidated income.

The company's operating model is built on a hybrid distribution stack: a five-branch physical network across Mumbai, New Delhi, Surat, Ahmedabad, and Pune; a self-service digital LAS platform at digilas.infina.co.in for online eligibility checks and digital pledge management; and a Lending Service Provider (LSP) channel exemplified by the partnership with Fifty Fintech (50Fin) for LAS origination and servicing. The customer base spans individual securities holders, ESOP-holding employees, property owners (salaried and self-employed), and corporate real estate developers, with insurance distribution partnerships with HDFC Life and ICICI Lombard providing ancillary fee income. The company is majority-owned by the Kotak Family and affiliated trusts (~59%), with Kotak Mahindra Bank retaining a 19% strategic stake through Kotak Mahindra Capital Company following a March 2026 divestment transaction valued at Rs 1,293.91 crore. Leadership includes former Kotak Mahindra Bank MD/CEO Dipak Gupta as Chairperson (appointed April 2026) and a management team predominantly drawn from the Kotak Mahindra Group ecosystem, lending deep capital-markets and BFSI underwriting expertise to the secured-lending franchise.

Name

Infina Finance

Legal name

Infina Finance Private Limited

Website

https://infina.co.in

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Infina Finance is an RBI-registered Mumbai NBFC founded in 1996, majority-owned by the Kotak Family, offering secured lending products — Loan Against Securities, ESOP Financing, Loan Against Property, and Corporate Real Estate — to individual investors, ESOP holders, property owners, and real estate developers across India.

Ownership category

akta.pro rank

Product category

Secured Lending (NBFC)

NAICS

Commercial Banking (522110)

SIC

Finance Services (6199), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

akta.pro secondary industry

Middle-Market Lending (FSANADAI)

Keywords

• Secured lending services
• Loan against securities
• Loan against property
• ESOP financing
• Corporate real estate financing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on secured loans including Loan Against Securities, Loan Against Property, ESOP Financing, and Corporate Real Estate loans. Loans are collateralized against stocks, mutual funds, property, and other securities.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Infina Finance Private Limited is an RBI-registered Non-Banking Financial Company (NBFC) that provides secured lending against collateral. Its core offerings are Loan Against Securities (LAS) for pledging stocks, mutual funds, bonds, REITs and InvITs; ESOP Financing for employees to exercise vested stock options; Loan Against Property (LAP) secured against residential, commercial, and industrial property; and Corporate Real Estate (CRE) structured project finance for real estate developers including construction finance, last-mile financing, inventory financing, and balance transfers.

Product overview

Infina Finance is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, founded in 1996 and majorly owned by the Kotak Family, offering four distinct secured lending products: Loan Against Securities (LAS) for borrowing against financial securities like stocks and mutual funds, ESOP Financing for exercising employee stock options, Loan Against Property (LAP) for mortgage-backed lending, and Corporate Real Estate (CRE) financing for real estate developers. The company operates through a direct lending model with branch offices across India, without a unified software platform architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Loan Against Securities (LAS) Secured loan product allowing borrowers to pledge listed shares, mutual funds, fixed income securities (PSU/private sector bonds, government securities), REITs, InvITs, and selectively AIF units and unlisted shares as collateral to access funds without liquidating investments. Available from INR 20 Lakhs at 10.5% p.a. with up to 85% LTV and quick disbursement within 24 hours through the digilas.infina.co.in digital platform.
• ESOP Financing Loan product enabling employees to access immediate funds by borrowing against their vested ESOPs from publicly listed or unlisted companies, allowing them to exercise stock options without selling shares. Available from INR 1 lakh at 8.5% p.a. with flexible tenures from 7 days to 60 months.
• Loan Against Property (LAP) Mortgage loan product secured against residential (villas, studio apartments, flats, duplexes), commercial (offices, shops, warehouses), or industrial (factories, manufacturing units) properties, available for both business and personal needs starting from INR 20 lakhs with tenures from 36 to 180 months.
• Corporate Real Estate (CRE) Structured financing solutions for real estate developers including construction finance, last-mile financing, inventory financing, structured finance, and balance transfer of existing developer loans to support project development and expansion.

Quantifiable outcome

• Loan disbursement within 24 hours for Loan Against Securities
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered minor and core.

• HDFC LifeminorOthersInsurance partner offering life insurance products as part of Infina's corporate agent services for insurance distribution
• ICICI LombardminorOthersInsurance partner offering general insurance products as part of Infina's corporate agent services for insurance distribution
• Fifty Fintech Private Limited (50Fin)coreChannel Partner/ Reseller/ DistributorLending Service Provider (LSP) engaged for customer acquisition and loan servicing for Loan Against Securities products. Located at 4th Floor 2/6, MSR Garuda Building, Inside MS Ramaiah Campus, Mathikere, Bengaluru-560054. Provides product offerings for Loan Against Securities with customer care at +91 9606456105.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Cholamandalam Investment and Finance: Major Indian NBFC with material LAP and vehicle finance exposure. Comparable to Infina in secured retail lending and similar customer profile of salaried and self-employed borrowers.
• Centrum Capital: Indian financial services group with NBFC, housing finance, and capital-markets businesses. Comparable in scale and product mix, particularly on small-ticket lending and capital-markets-linked products.
• Muthoot Finance: Leading Indian NBFC with a dominant gold-loan book and growing LAP/digital lending presence. Comparable as a public NBFC with secured retail lending franchise and similar regulatory framework.
• 360 ONE (formerly IIFL Wealth) / IIFL Finance: IIFL Finance is an Indian NBFC with a strong loan-against-securities and loan-against-property book, alongside wealth management. Direct overlap with Infina on LAS, LAP, and HNI-focused lending products.
• Religare Enterprises (Religare Finvest): Indian NBFC with LAS, LAP, and SME lending focus. Similar to Infina in serving HNI and affluent retail segments with secured lending products.

Emerging players

• ICICI Securities: Indian brokerage offering margin trading and lending against securities to retail investors. Direct overlap with Infina's LAS product, although I-Sec is part of the larger ICICI group distribution ecosystem.
• Sharekhan (BNP Paribas subsidiary): Indian retail brokerage offering margin funding and LAS to active traders/investors. Comparable customer base to Infina's LAS target segment and competes on funding against listed securities.

Broad incumbents

• Motilal Oswal Financial Services: Large Indian financial services group spanning broking, wealth, asset management, and housing finance. Comparable to Infina's affluent retail customer base and overlap in capital-markets-linked lending.
• Bajaj Finance: One of India's largest NBFCs offering a broad suite of secured and unsecured lending products including LAS, LAP, and consumer finance. Much larger than Infina, but directly comparable as an Indian NBFC with overlapping secured-lending product lines.
• Kotak Mahindra Bank: Former associate and current 19% shareholder of Infina; one of India's leading private banks offering LAS, LAP, and CRE financing. Kotak's broader product set and balance sheet compete directly with Infina in target segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/InfinaFinance
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Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments4 records

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

Frequently asked questions about Infina Finance