Finkurve Financial Services Limited has reached a significant milestone with the commencement of its 100th tech-enabled gold loan branch on January 29, 2026. This achievement underscores the company's rapid expansion in the retail secured lending space and marks a pivotal moment in its growth journey.

Remarkable Growth Trajectory

The company's expansion story demonstrates exceptional scaling capabilities in the gold loan segment. The growth metrics highlight the success of Finkurve's strategic approach:

This rapid transformation from approximately 4 branches in 2021 to a robust network of 100 branches today reflects the effectiveness of the company's deliberate expansion strategy.

Technology-Driven Operations

Finkurve has leveraged advanced technology to scale its gold loan operations efficiently. The company's tech-first approach encompasses several key areas:

• Digital underwriting processes for faster decision-making
• Centralized risk management frameworks ensuring consistent standards
• Technology-driven processes enhancing operational efficiency
• Faster turnaround times improving customer satisfaction

These technological capabilities have enabled the company to maintain quality standards while rapidly expanding its physical presence across markets.

Leadership Perspective

Mr. Naveen Kottala, Chief Executive Officer, expressed pride in the achievement, stating that the milestone reflects the strength of the business model and disciplined execution. He acknowledged the contributions of various stakeholders, including customers, partners, lenders, investors, and employees, emphasizing their role in enabling responsible scaling.

The CEO highlighted the company's commitment to disciplined execution, institutional resilience, and creating sustainable value for all stakeholders as it continues to grow in the gold loan segment.

Strategic Positioning

Finkurve Financial Services Limited, also known by its brand name Arvog, operates as a non-banking financial company registered with the Reserve Bank of India. The company's focus areas include:

The company has established itself as a leading gold loan NBFC while maintaining its commitment to providing accessible, technology-driven financial services to a broad customer base across India.

Finkurve Financial Services Limited's Board of Directors has approved a significant fundraising initiative through Non-Convertible Debentures (NCDs) worth ₹35.00 crores. The board meeting held on December 30, 2025, which commenced at 11:00 a.m. and concluded at 11:35 a.m., approved the issuance under SEBI regulations for private placement via Electronic Bidding Platform.

NCD Issue Structure and Terms

The company will issue 35,000 Non-Convertible Debentures with specific financial parameters designed to attract investors seeking fixed-income securities.

Timeline and Maturity Details

The debentures follow a structured timeline with clear allotment and maturity schedules. The allotment date is set for December 31, 2025, with a tenure of 18 months and 7 days from the deemed date of allotment.

Security and Risk Features

The NCDs will be listed, rated, senior, secured, transferable, redeemable, and taxable instruments listed on BSE Limited. The debentures are secured by a first ranking, exclusive and continuous charge on identified receivables through hypothecation in favor of the Debenture Trustee.

Key security features include:

• First ranking charge on hypothecated assets
• Continuous security coverage throughout tenure
• Debenture Trustee protection for holders
• Default penalty of 2% per annum over coupon rate for delays exceeding three months

Regulatory Compliance and Platform

The fundraising initiative operates under Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The company has prepared and approved a Draft Letter of Offer for the private placement through Electronic Bidding Platform, ensuring compliance with SEBI circulars dated July 11, 2023, and July 13, 2023.

The board's decision reflects the company's strategic approach to raising capital through debt instruments while offering competitive returns to investors in the current market environment. The monthly interest payment structure provides regular income flow for debenture holders throughout the 18-month tenure.