Company Overview
OnEMI Technology Solutions Limited (formerly OnEMI Technology Solutions Private Limited) operates through its wholly owned subsidiary Si Creva Capital Services Private Limited, an RBI-registered Middle Layer NBFC. The company offers personal loans (up to ₹5 Lakhs) and loan against property (up to ₹30 Lakhs) through digital channels and 98 branches across 8 states.
Financial Performance Highlights (FY 2025-26)
The company reported strong financial results with 75% YoY PAT growth to ₹281 Cr and 63% YoY revenue growth to ₹2,209 Cr. AUM reached ₹7,066 Cr (73% YoY growth) with balanced on-book (₹3,556 Cr) and off-book (₹3,510 Cr) distribution. Asset quality improved significantly with GNPA at 2.12% (77 bps improvement) and NNPA at 0.29%. Key metrics include Return on Assets of 8.41%, Return on Equity of 23.97%, and Capital Adequacy Ratio of 25.28%.
IPO Completion and Capital Structure
OnEMI successfully completed its IPO in May 2026, issuing 54.15 million shares at ₹171 each, raising ₹8,500 Cr through fresh issue and ₹759 Cr through offer for sale. The IPO was oversubscribed with QIB portion at 25.9x and overall subscription at 9.9x. Net proceeds of ₹7,940.85 Cr were allocated with ₹6,375 Cr for augmenting subsidiary capital and ₹1,565.85 Cr for general corporate purposes. The company converted all outstanding CCPS shares into equity during the year and executed a stock split from ₹10 to ₹1 face value.
Risk Management and Funding Profile
The company maintains robust risk management with 40 AI/ML models and 200+ real-time fraud detection triggers. Funding includes 45+ lending partners with average borrowing cost of 14.16%. Interest rate risk exposure shows ₹3.28 billion in variable-rate borrowings, where a 0.5% rate change would impact P&L by ₹16.39 million. Corporate guarantees issued increased to ₹21.98 billion primarily for subsidiary borrowings.
Corporate Governance and Regulatory Compliance
The 10th AGM is scheduled for September 22, 2026, with agenda items including adoption of financial statements and director reappointments. The company has disclosed KPIs in the Annual Report as required by SEBI ICDR Regulations, certified by auditors. Regulatory compliance includes no defaults in borrowing repayments, no material adverse actions, and proper CSR expenditure of ₹38.86 million.
Subsidiary Performance and Segment Reporting
Si Creva Capital Services contributed 56.1% of consolidated net assets (₹12.32 billion) and 50.7% of consolidated profits (₹1.48 billion). The company operates as a single reportable segment in financial technology services predominantly within India, with no single customer contributing more than 10% of revenue.