May 2026
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Largest Online Lending Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Jio Financial Services, PB Fintech, Capri Global Capital, Veefin and Niyogin Fintech.
 | Jio Financial Services Ltd is a core investment company, non-deposit taking, systemically important (CIC-ND-SI). Along with its subsidiaries, joint ventures, and associates, it is engaged in the business of Investing and Financing, mainly Leasing, Insurance broking, Payment Bank, Payment Aggregator, and Payment Gateway services. | $2 | -30% | $16B | $18B | 60.9x | 65.2x | ||
| PB Fintech Ltd is an integrated online marketing and consulting firm serving the financial services industry, including insurance. Its revenue mainly comes from commissions on insurance and financial products sold online and offline. Services include online marketing, product aggregation, insurance commissions, outsourcing for insurers, generating sales, IT support, and lending-related fees. The business operates in a single segment focused on financial services, with all revenue generated within India. The Company helps middle-class households secure social security by providing solutions for protecting against death and disease, planning for child education and pensions, and accessing financial and lending products. | $17 | -13% | $8B | $8B | 10.8x | 83.8x | ||
| Capri Global Capital Ltd provides financial services. The company is engaged in providing loans to Micro, Small and Medium Enterprises (MSMEs), providing long term finance for the construction of residential houses, retail lending, gold loan, and ancillary services. It generates maximum revenue from the interest income. Geographically, it operates only in India. | $2 | -- | $2B | $4B | 9.5x | 35.4x | ||
| Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers. | $3 | -9% | $86M | $94M | 2.6x | 11.0x | ||
| Niyogin Fintech Ltd is an Indian non-banking finance company. It is engaged in providing lending facilities and credit services to small and medium business. Geographically, it operates only in India. The company generates its revenue in the form of interest income, processing fees, Bounce charges, and other finance charges. | $0 | -- | $51M | $60M | 2.6x | 128.9x | ||
| Anupam Finserv Ltd is a Non-Banking Finance Company engaged in providing finance and capital market services, including financial consultancy and investment advisory services. Its operating segments include Financing and Leasing. The company's products include Capital Market Finance, Corporate Finance, Mortgage Loans, and Personal Loans for Salaried and Professionals. | $0 | -- | $4M | $4M | 12.3x | 22.1x | ||
| Median | $2 | -13% | $1B | $2B | 10.1x | 50.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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