Paisalo Digital Limited has announced a significant expansion of its business ecosystem through strengthened partnerships across multiple high-impact sectors. The non-banking finance company (NBFC), focused on inclusive lending, is rapidly broadening product accessibility for micro-entrepreneurs, self-employed individuals and small businesses across both urban and rural markets.

Healthcare and Education Equipment Partnerships

The company has strengthened access to essential infrastructure in healthcare and education through strategic collaborations. Key partnerships have been established with several entities to enable clinics, diagnostic centres, and educational institutions to upgrade critical equipment with structured credit support.

Agriculture Sector Expansion

Paisalo Digital has significantly strengthened its agriculture portfolio through collaborations with leading farm equipment providers. These partnerships promote mechanization and productivity for farmers and agri-entrepreneurs across India.

Industrial Equipment and Solar Energy Initiatives

In the industrial equipment sector, the company has partnered with established manufacturers to offer financing solutions that help MSMEs scale operations efficiently. The partnerships include collaborations with Kubota, Maks Genset, and Rishabh (Tata Genset).

The renewable energy footprint has expanded through collaborations with solar providers such as Loom Solar and UTL, supporting adoption of sustainable power solutions among small businesses and rural enterprises.

Alternative Fuel-Based Mobility Ecosystem

Paisalo Digital has significantly enhanced its alternative fuel-based mobility (ABF) ecosystem through key partnerships supporting cleaner and more efficient mobility solutions for last-mile operators. The comprehensive network includes:

• Piaggio Vehicles Pvt Ltd
• Mahindra Last Mile Mobility
• TVS Motor Company Ltd
• Montra
• Saera Electric Auto Pvt Ltd
• J.S Auto Pvt Ltd
• Baxy Ltd
• Eka Mobility

Strategic Vision and Market Impact

Santanu Agarwal, Deputy Managing Director, Paisalo Digital Limited, commented on the development: "As we expand our touchpoint network, strengthening our partner ecosystem is a natural extension of our mission. By broadening collaborations across healthcare, agriculture, clean energy, industrial equipment and mobility, we are ensuring that credit reaches sectors that directly impact livelihoods, productivity and sustainability. Our focus remains on building long-term partnerships that support inclusive growth across India."

The growing network of collaborations reflects Paisalo Digital's strategic focus on enabling access to affordable, purpose-driven credit that supports livelihood creation and economic self-reliance. With a steadily growing portfolio of sector-specific partnerships, the company continues to reinforce its commitment to financial inclusion by tailoring credit solutions to meet real-world economic needs.

Muthoot Microfin Limited has successfully completed the allotment of ₹1,500 crore worth of non-convertible debentures (NCDs) through private placement. The Debenture Issue and Allotment Committee approved this significant capital raising exercise on December 16, 2025, following the Board of Directors' initial approval from their meeting dated May 8, 2025.

NCD Allotment Structure

The company has structured the NCD issuance into two distinct series, each targeting different investor preferences and tenure requirements:

Security and Risk Management

The NCDs are classified as Listed, Rated, Senior, Secured, Transferable, and Redeemable instruments, providing multiple layers of investor protection. The debentures are secured by a first-ranking and exclusive charge of 1.05 times over the company's receivables, including present and future receivables that are free from any encumbrances, charges, or liens.

This security structure ensures that the outstanding principal amount, together with accrued interest, maintains adequate collateral coverage throughout the tenure of the instruments. The receivables-based security model aligns well with Muthoot Microfin's core business operations in the microfinance sector.

Market Listing and Compliance

The NCDs will be listed on BSE Limited, providing liquidity options for investors during the tenure period. The allotment has been conducted in accordance with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has confirmed that no delays in payment of interest or principal amount for more than three months from the due date are anticipated, and there are no existing defaults in payment obligations. This clean track record supports the company's creditworthiness in the debt market.

Strategic Implications

This ₹1,500 crore capital infusion represents a substantial funding achievement for Muthoot Microfin, providing the company with resources to expand its microfinance operations and strengthen its market position. The differentiated coupon rates between the two series reflect the term premium, with the longer 36-month Series II offering a higher rate of 9.95% compared to 9.85% for the 24-month Series I.

The monthly coupon payment structure offers regular income streams for investors while supporting the company's cash flow management. This successful private placement demonstrates strong investor confidence in Muthoot Microfin's business model and growth prospects in the competitive microfinance sector.