Bengaluru-based NBFC Vridhi Home Finance reported a nearly five-fold increase in net profit to ₹22.3 crore in FY26 from ₹4.6 crore the previous year, according to ratings agency ICRA. The company’s total income more than doubled to ₹103.4 crore from ₹47.9 crore in FY25, driven by growth in housing loans and loans against property.
Vridhi Home Finance’s total managed assets rose to ₹1,005.3 crore in FY26 from ₹609.3 crore in FY25. Return on managed assets improved to 2.8% from 1.1% a year earlier. The NBFC’s net worth stood at ₹533.9 crore as of March 2026, supported by equity funding from promoters and investors. Since its 2022 inception, the company has raised over ₹515 crore, including a ₹310 crore Series B round in 2024 led by Norwest Venture Partners.
The NBFC’s asset quality remains healthy, with gross non-performing assets around 0.29% and net non-performing assets at 0.22% as of March 2026. Its capital adequacy ratio was 104.5%, providing capacity for further growth. Vridhi Home Finance targets underserved borrowers in smaller towns with home loans ranging from ₹3 lakh to ₹45 lakh, combining offline distribution with technology-driven processes. It operates 92 branches across six states with an average loan size of about ₹15 lakh.
Vridhi Home Finance received its housing finance company licence in 2023 and continues to expand its footprint. The company’s financial performance and capital position position it for further growth in the affordable housing finance segment.