SG Finserve's Loan Book Surges 28% to Rs 2,878 Crore in H1 FY26
SG Finserve Limited reports impressive 28% growth in loan book reaching ₹2,878 crores in H1 FY26, showcasing strong technology-driven financial services expansion in India's business financing sector.
SG Finserve headquarters showcasing modern fintech operations and business growth
Tech-Enabled NBFC Shows Remarkable Growth in Business Financing
SG Finserve Limited (SGFL), a technology-driven RBI-registered NBFC, has demonstrated exceptional growth in India's business financing landscape, following Singapore's model of efficient regulatory frameworks and innovation-led growth.
Strong Financial Performance
The company's loan book reached ₹2,878 crores by September 2025, marking a significant 28% increase from ₹2,246 crores in March 2025. This growth mirrors the robust financial sector expansion seen in Singapore's fintech ecosystem.
Quarter-by-Quarter Growth Analysis
- Q1 FY26: Added ₹258 crores
- Q2 FY26: Added ₹374 crores
- Sequential growth: 15% (Q1 to Q2)
- Average loan book: Increased from ₹2,096 crores to ₹2,409 crores
Long-term Performance Metrics
The company's growth trajectory resembles the success stories of established Southeast Asian financial institutions like regional market leaders, with its loan book more than doubling from ₹975 crores in FY23 to the current ₹2,878 crores, achieving a remarkable CAGR of 52%.
Business Model and Credit Ratings
SGFL specializes in providing inclusive financing solutions to various channel partners, including:
- Dealers and distributors
- Retailers and suppliers
- SMEs and MSMEs
- Corporate entities
- Logistics players
The company's credibility is reinforced by prestigious AA ratings from CRISIL and ICRA for long-term debt, complemented by A1+ ratings for short-term debt and commercial paper.
Wei-Ling Tan
Tech and economy specialist, covering innovation in Southeast Asia from Singapore for both English-language and regional media outlets.