+
Progcap Targets Rs 30 Bn AUM, Rs 52 Bn Loans by Fiscal End
ECONOMY & POLICY

Progcap Targets Rs 30 Bn AUM, Rs 52 Bn Loans by Fiscal End

MSME-focused fintech Progcap is aiming to surpass assets under management (AUM) of Rs 30 billion by the end of the current financial year, supported by strong demand for formal credit from the Micro, Small and Medium Enterprises sector. The company, which secured its NBFC licence in 2022, has been recording significant growth and is targeting a 40–50 per cent increase in business this year.

Progcap had closed with an AUM of Rs 20 billion at the end of March 2025 and expects this to rise by about 50 per cent to around Rs 30 billion by March 2026. The total loans sanctioned are anticipated to grow to Rs 52 billion by the end of FY26, compared to Rs 36 billion at the close of the previous fiscal year.

To support its expansion plans, Progcap is preparing for another funding round later this year, although the exact amount to be raised has not yet been finalised. So far, the company has raised $110 million across four funding rounds, backed by investors such as Tiger Global and Google.

On the asset quality front, the company’s gross non-performing assets (NPA) improved to 1.1 per cent at the end of FY25, down from 1.5 per cent a year earlier. This improvement was attributed to measures like live monitoring, robust partner oversight, and transaction-led underwriting.

Progcap currently operates in 500 Tier II, III, and IV cities, serving more than 30,000 borrowers. The average loan ticket size is around Rs 1 million. The company focuses on lending to retailers and wholesalers across 10 industries, including consumer durables, two-wheelers, FMCG, and agriculture, and has established partnerships with 128 anchor brands.

Progcap distinguishes itself from traditional fintechs by designing inclusive financial solutions aimed at India’s 60 million-strong retail sector, primarily MSMEs in smaller towns. It runs a proprietary, technology-driven co-lending platform that delivers capital and credit intelligence across complex and distributed MSME supply chains in the country.

News source: Outlook Business


MSME-focused fintech Progcap is aiming to surpass assets under management (AUM) of Rs 30 billion by the end of the current financial year, supported by strong demand for formal credit from the Micro, Small and Medium Enterprises sector. The company, which secured its NBFC licence in 2022, has been recording significant growth and is targeting a 40–50 per cent increase in business this year.Progcap had closed with an AUM of Rs 20 billion at the end of March 2025 and expects this to rise by about 50 per cent to around Rs 30 billion by March 2026. The total loans sanctioned are anticipated to grow to Rs 52 billion by the end of FY26, compared to Rs 36 billion at the close of the previous fiscal year.To support its expansion plans, Progcap is preparing for another funding round later this year, although the exact amount to be raised has not yet been finalised. So far, the company has raised $110 million across four funding rounds, backed by investors such as Tiger Global and Google.On the asset quality front, the company’s gross non-performing assets (NPA) improved to 1.1 per cent at the end of FY25, down from 1.5 per cent a year earlier. This improvement was attributed to measures like live monitoring, robust partner oversight, and transaction-led underwriting.Progcap currently operates in 500 Tier II, III, and IV cities, serving more than 30,000 borrowers. The average loan ticket size is around Rs 1 million. The company focuses on lending to retailers and wholesalers across 10 industries, including consumer durables, two-wheelers, FMCG, and agriculture, and has established partnerships with 128 anchor brands.Progcap distinguishes itself from traditional fintechs by designing inclusive financial solutions aimed at India’s 60 million-strong retail sector, primarily MSMEs in smaller towns. It runs a proprietary, technology-driven co-lending platform that delivers capital and credit intelligence across complex and distributed MSME supply chains in the country.News source: Outlook Business

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code