Annual Report for the financial year 2024-2025
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Veefin Solutions Ltd submitted its 5th Annual Report for FY 2024-25 to BSE, with the AGM scheduled for September 26, 2025 via video conferencing. The company reported strong consolidated growth, with revenue up 215% year-on-year to ₹7,860 lakhs, EBITDA rising 142% to ₹2,615 lakhs, and profit after tax (PAT) growing 120% to ₹1,626 lakhs. The year was marked by multiple strategic acquisitions including Walnut.AI, Ezee.AI, TaxGenie, Nityo, and White Rivers Media, expanding its working capital technology ecosystem. Annual recurring disbursements on the platform surpassed ~$35 billion, and the PSBXchange platform went live with major public sector banks like SBI and Bank of Baroda. The notice also seeks shareholder approval for material related party transactions exceeding ₹500 crores in aggregate with subsidiaries, group companies, and promoter-directors.
For shareholders, this annual report highlights exceptional growth driven by acquisitions and platform expansion, though the full financial benefit of recent deals is expected to materialize next year. The large related party transactions and revolving loan facilities from promoters (₹100 cr each from Raja Debnath and Gautam Udani) signal continued inter-group funding dependencies that investors should monitor.