Vridhi Home Finance FY26 net profit grows around five-fold
22 Jun 2026, 11:56 AMIts total income more than doubled to Rs 103.4 crore in FY26 from Rs 47.9 crore a year earlier.
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Affordable housing lender Vridhi Home Finance reported around five-fold increase in net profit to Rs 22.3 crore in FY26, compared to Rs 4.6 crore in the previous fiscal, according to ICRA.
The Bengaluru-based non banking financial company (NBFC) saw its total income more than double to Rs 103.4 crore in FY26 from Rs 47.9 crore a year earlier, driven by strong growth in its lending business.
Vridhi Home Finance’s total managed assets rose 65% year-on-year to Rs 1,005.3 crore from Rs 609.3 crore in FY25, supported by higher disbursements of home loans and loans against property. The company’s return on managed assets improved to 2.8% from 1.1% in the previous year.
Its gross non-performing assets (GNPA) was at 0.29% and net non-performing assets (NNPA) at 0.22% as of March 2026. The NBFC also maintained a capital adequacy ratio of 104.5%.
Founded in 2022 by Sunku Ram Naresh, Sandeep Arora and Sunil Mehta, Vridhi Home Finance focuses on providing affordable housing loans in smaller towns. The company received its housing finance company licence in 2023 and currently operates 92 branches across six states.
Since its inception, Vridhi has raised more than Rs 515 crore in funding. In 2024, it secured Rs 310 crore in a Series B round led by Norwest Venture Partners.
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