PAISALO DIGITAL LIMITED

Operates as a non-banking financial company (NBFC) that lends primarily to micro, small and medium enterprises (MSMEs) and underserved households in India's Tier-3, 4 and 5 geographies. Earns revenue principally through interest on its loan book; assets under management stood at Rs 61,009 million in FY26, up 17% year-on-year. The lending franchise is delivered through a 5,299-touchpoint distribution network across 22 states, comprising 422 branches, 3,381 distribution points and 1,496 business correspondents, serving approximately 16 million customers. Net interest margin was 6.83% in FY26 and net interest income reached Rs 5,694 million (up 29% YoY); total income was Rs 9,437 million and profit after tax was Rs 2,372 million. In Q4 FY26, six new product segments were launched — medical, industrial, Agri-equipment, two-wheeler, small commercial vehicles and alternative-fuel financing — alongside roughly 18–20 partnerships. AI is embedded across loan origination, underwriting, servicing, collections and portfolio monitoring, processing around 1.6 lakh loan applications in Q4 alone. Funding is raised through bank borrowings, secured redeemable non-convertible debentures (a Rs 900 crore shelf public issue is in process, with Tranche I of up to Rs 300 crore), commercial paper and a maiden USD 15 million external commercial borrowing; the average cost of borrowing was 10.2% in FY26. AR · MarketPing reader · 2026-08-02

Revenue streams, as the annual report describes them. Interest income on MSME and underserved-borrower loan book, Medical financing, Industrial equipment financing, Agri-equipment financing, Two-wheeler financing, Small commercial vehicle financing, Alternative-fuel vehicle financing. Capital-intensive NBFC lending to MSMEs and underserved borrowers across India; spread-driven earnings with asset quality and cost of borrowing as the key operating levers.

Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)