Veefin shifts to NSE, BSE main boards three years after SME listing
Veefin also outlined its next growth strategy around its platform designed to help businesses build and deploy AI-powered digital employees for specific operational tasks.
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Veefin Solutions has moved its shares to the main boards of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), around three years after its initial public offering (IPO) on the BSE SME platform in July 2023, where it raised Rs 46.73 crore.
"We come to the main boards as a multi-product company whose revenue has more than doubled in the past year, and with many more investors able to take part in what we build next," said Gautam Udani, vice chairperson, co-founder & COO – Veefin Group, in a statement.
The company's consolidated revenue increased 116.2% year-on-year to Rs 238.82 crore for the six months ended September 30, 2026, while profit after tax rose 126.6% to Rs 24.85 crore. Its earnings before interest, taxes, depreciation, and amortization (EBITDA) margin also improved to 25.5%, compared with 21.2% in the corresponding period last year.
On a standalone basis, revenue grew 83.6% to Rs 49.19 crore, while net profit increased 79.4% to Rs 13.97 crore.
The company also reported an open deal pipeline of approximately Rs 920 crore, with nearly 84% of the opportunities coming from overseas banks and financial institutions, particularly in Southeast Asia.
Veefin also outlined its next growth strategy around its Veefin AI Operating System (AIOS), a platform designed to help businesses build and deploy AI-powered digital employees for specific operational tasks.
The platform combines reusable AI skills with access to business systems and operates through defined permissions, approval processes and human supervision. Veefin said it has developed more than 1,000 reusable AI skills and is already using the platform across its customer implementation, support and software testing teams.
The company plans to offer AIOS independently as well as alongside its existing software products. It also intends to target businesses beyond the banking and financial services sector, including applications in document processing, customer support and business operations.
As part of its broader AI-focused positioning, the company is also changing its website domain from veefin.com to veefin.ai.
"Banking taught us how to build software for workflows where controls and approvals cannot fail. AI adoption in any industry needs the same discipline, and that is why we believe this opportunity is much wider than the markets we serve today," said Udani.
Founded in 2020 by Raja Debnath and Gautam Udani, Veefin Solutions provides technology solutions across supply chain finance, trade finance, cash and liquidity management, loan origination, loan management, collections and digital banking.