APOLLO FINVEST (INDIA) LTD.

Operates as a digital-first non-banking financial company (NBFC) that lends through three main channels: warehouse and co-lending partnerships with fintech partners, direct digital loans under the "Apollo Cash" app to underbanked borrowers, and traditional term loans to NBFC partners. Interest income on lending is the primary revenue source, with FY26 interest income of ₹1,311.96 lakhs against total revenue from operations of ₹2,070.48 lakhs, and an exceptional income item of ₹195.80 lakhs boosting profit before tax to ₹1,040.87 lakhs. The flagship "Apollo Cash" product, launched October 2025, offers small-ticket digital loans (up to Rs. 50,000) and reached ₹5+ crore cumulative disbursements, 18,000+ loans, and 1 lakh+ app downloads across 19,000+ PIN codes by April 2026, with monthly disbursements climbing to Rs. 3.15 crore — all achieved with zero paid marketing spend. The co-lending and warehouse model, built around the proprietary "Sonic" tech platform, has disbursed ₹30+ crore through 3 lending partners, with 27% of the term loan book already moved into the warehouse structure and Apollo Cash targeted to reach 15-20% of the loan book near-term and 50-60% in 12-24 months. The retail share of assets under management jumped from 24% to 51% between Q3 and Q4 FY26 as the wholesale term-loan book was deliberately run down. Employee cost of ₹4.34 crore (21% of revenue) is the largest operating line, with the team sized at 66 people; other operating expenses were 7.4% of revenue and depreciation 4.3%. Asset quality remains tight, with Q3 FY26 GNPA at 2.07%, 30-day PAR at 2.24%, and collection efficiency at 97.14%, all running better than industry benchmarks.