Mufin Green Finance AUM reaches ₹1,541.17 crore with 32.08% capital adequacy ratio
- Assets under management reached ₹1,541.17 crore with a capital adequacy ratio of 32.08%
- Gross NPA remained at 1.94% while net NPA stood at 1.65% for FY26
- Customer base grew to over 1.93 lakh active users across India
- Scope 3 emissions fell to 9,672.97 metric tonnes from 16,173.38 metric tonnes
- Employee turnover rate eased to 48% from 51.4% in the previous fiscal year

*this image is generated using AI for illustrative purposes only.
Mufin Green Finance reported assets under management (AUM) of ₹1,541.17 crore for the financial year ended March 31, 2026, while maintaining a gross non-performing asset (NPA) ratio of 1.94%. The company’s capital adequacy ratio stood at 32.08%, reflecting its financial position as a listed non-banking financial institution focused on green mobility and clean energy financing.
Portfolio and Asset Quality
The NBFC serves a customer base exceeding 1,93,016 active customers across India, excluding Jammu & Kashmir and Ladakh. During the fiscal year, the company added over 71,051 new customers through its diversified financing portfolio, which includes electric vehicles, solar products, and Mediclaim premium financing. Key operational markets include Kerala, Maharashtra, and Uttar Pradesh.
Asset quality metrics remained stable with a net NPA ratio of 1.65%. The company operates with a paid-up capital of ₹19,81,62,188 and generated a turnover of ₹5,74,69,84,026, against a net worth of ₹2,10,28,69,588.
Employee Metrics
Mufin Green Finance employed 420 permanent employees at the end of FY26, comprising 353 males and 67 females. The employee turnover rate for the year was 48% overall, with male turnover at 51% and female turnover at 38%. This compares to a total turnover rate of 51.4% in FY25 and 37% in FY24.
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Employees | 420 | 536 | N.A. |
| Female Employees | 67 | 82 | N.A. |
| Turnover Rate (Total) | 48% | 51.4% | 37% |
Sustainability and Governance
The company reported total energy consumption of 222 GJ from non-renewable sources, down from 224.69 GJ in the previous year. Scope 3 greenhouse gas emissions decreased significantly to 9,672.97 metric tonnes of CO2 equivalent from 16,173.38 metric tonnes in FY25. The company did not report any Scope 1 emissions.
Corporate social responsibility initiatives included an E-Rickshaw School/Mobile School project benefiting 300 persons, all from vulnerable and marginalised groups. The board of directors comprises six members, with women holding 33.33% of the seats. No regulatory penalties or fines were recorded during the fiscal year.
Historical Stock Returns for Mufin Green Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.47% | +1.18% | +3.35% | +25.05% | +59.45% | 0.0% |
How might the high employee turnover rate of 48% impact Mufin Green Finance's ability to sustain its rapid customer acquisition and maintain asset quality in FY27?
Given the significant reduction in Scope 3 emissions, what specific operational changes or supply chain strategies did Mufin implement, and can these efficiencies be scaled as AUM grows?
With a capital adequacy ratio of 32.08%, does Mufin Green Finance plan to raise additional equity to fund further expansion in key markets like Kerala and Maharashtra, or will it rely on debt financing?


































