Finkurve Financial Services Limited has announced a significant milestone, crossing ₹1,035+ crore in Assets Under Management (AUM) with nearly 10x growth compared to FY23. The tech-first gold loan NBFC made this announcement highlighting its strengthened position within India's secured lending ecosystem.

Growth Performance and Operational Expansion

The milestone achievement reflects the company's strategic focus on portfolio expansion supported by disciplined underwriting practices and growing customer confidence. Finkurve Financial Services has established a robust presence across four states through its branch-led phygital network.

Business Strategy and Operations

The company's growth trajectory has been supported by prudent loan to value (LTV) norms and a strong focus on collateral-backed lending. Finkurve Financial Services has invested significantly in technology-enabled processes to enhance operational capabilities across multiple areas:

• Streamlined loan servicing operations
• Improved operational efficiency metrics
• Enhanced customer accessibility features
• Disciplined underwriting framework

Management Commentary

Commenting on the development, Mr. Priyank Kothari, Director of Finkurve Financial Services Limited, emphasized the company's commitment to sustainable growth. He stated that crossing ₹1,035+ crore AUM represents an important milestone in their journey, built on a stable and scalable gold loan platform grounded in disciplined underwriting and operational efficiency.

Kothari highlighted that the company's long-term value creation approach in secured lending focuses on balancing growth with asset quality and capital prudence. The management remains committed to responsible expansion, strong governance, and sustainable return metrics as the company scales further.

Company Background and Focus Areas

Finkurve Financial Services Limited, also known by its brand name Arvog, operates as a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) as a non-deposit-taking, mid-layer NBFC. Originally established in 1984 as Sanjay Leasing Ltd., the company obtained its NBFC license in 1998 and was acquired by current promoters in 2010.

The company's primary focus remains on gold loans, which forms the majority of its Assets under Management, positioning it as a leading gold loan NBFC. Additionally, Finkurve Financial Services offers personal loans and has expanded its financial solutions through strategic partnerships with fintech companies.

Strategic Partnerships and Future Outlook

The company maintains a strategic tie-up with Augmont Goldtech, described as India's largest fully integrated gold platform, serving as a comprehensive destination for gold-related financial needs. Going forward, Finkurve Financial Services continues to focus on sustainable expansion, asset quality discipline, and long-term value creation as it scales further in India's growing gold loan ecosystem.

Finkurve Financial Services Limited has announced a strategic co-lending partnership with Godrej Finance Limited to jointly offer gold loan products under the Reserve Bank of India's co-lending framework. The partnership positions the tech-first gold loan NBFC to scale its operations while maintaining capital efficiency and disciplined risk management.

Partnership Structure and Participation

The co-lending arrangement establishes a clear participation framework between both financial institutions:

The partnership enables Finkurve to scale its gold loan portfolio in a capital efficient and risk aligned manner, supporting calibrated growth without proportionate increase in balance sheet deployment. By leveraging the co-lending framework, the company aims to enhance capital rotation, liquidity management, and cost-efficient funding to deliver sustainable returns while maintaining a conservative risk profile.

Operational Framework and Responsibilities

Under the partnership structure, Finkurve Financial Services will lead loan sourcing and origination through its branch-led operating model. The company's responsibilities include:

• Customer acquisition and onboarding processes
• KYC compliance and documentation
• Gold valuation and assessment
• Collections and ongoing customer engagement

Credit assessment and sanctioning will be carried out under a mutually agreed credit framework, ensuring disciplined underwriting and aligned risk management. Disbursements and servicing will be executed through a structured mechanism with robust governance and compliance oversight.

Management Commentary

Pankaj Gupta, MD & CEO of Godrej Finance, commented on the partnership: "This partnership aligns with our strategy to broaden our secured lending portfolio. Gold has long been a trusted financial asset for Indian households, and we see significant opportunity to serve this segment in a more structured and transparent manner."

Naveen Kottala, Chief Executive Officer of Finkurve, stated: "For Arvog, this partnership represents a calibrated approach to strengthening and scaling our gold loan franchise. By leveraging the RBI's co-lending framework, we are able to pursue growth while maintaining capital efficiency, effective cost and disciplined risk management."

About Finkurve Financial Services

Finkurve Financial Services Limited, operating under the brand name Arvog, is a non-banking financial company registered with the Reserve Bank of India as a non-deposit-taking, middle-layer NBFC. Originally established in 1984 as Sanjay Leasing Ltd., the company obtained its NBFC license in 1998 and was acquired by current promoters in 2010.

The company focuses primarily on gold loans, which forms the majority of its Assets under Management, positioning it as a leading gold loan NBFC. Finkurve also offers personal loans and maintains a strategic tie-up with Augmont Goldtech, India's largest fully integrated gold platform.