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Latest news about Fusion Finance

Fusion Finance Limited Secures IRDAI License as Corporate Insurance Agent 8 days ago

Fusion Finance Limited has received a Certificate of Registration from IRDAI to operate as a Corporate Agent (Composite) under the Insurance Act, 1938. The license is valid for three years and allows the company to solicit insurance products to customers. This strategic move enables Fusion Finance to diversify its service portfolio, offer insurance products to existing customers, and potentially increase revenue streams. The company has informed stock exchanges about this development in compliance with SEBI regulations.

Fusion Finance Shareholders Approve Four Key Director Appointments 9 days ago

Fusion Finance Faces Rs 27.8 Crore Tax Dispute as Income Tax Officer Appeals to Tribunal Oct 17, 2025

Fusion Finance Appoints Sanjay Garyali as Managing Director & CEO, Devesh Sachdev Steps Down Sep 30, 2025

Fusion Finance Faces Rs 2.84 Crore GST Show Cause Notice Sep 26, 2025

More news about Fusion Finance

17Aug 25

Fusion Finance Announces Major Leadership Overhaul with New Director Appointments

Fusion Finance has implemented significant changes in its leadership structure. Mr. Rajeev Sardana and Mr. Sanjay Garyali have been appointed as Additional Non-Executive Independent Director and Whole Time Director, respectively. The company has also made key management changes, including new appointments for Company Secretary, Chief Compliance Officer, and Interim Head of Internal Audit. These changes aim to strengthen governance, compliance, and support future growth plans.

12Aug 25

Fusion Finance Appoints MSME Head, Targets Q3 Turnaround Amid Strategic Shift

Fusion Finance Limited is implementing strategic changes to revitalize its business. The company has appointed Jitender Sharma as Deputy COO for MSME Business, aiming to increase MSME lending share from 8% to 18-20% over two years. Despite recent financial challenges, including a 37% decrease in AUM and Q1 loss of ₹92 crore, the company shows signs of improvement with increased collection efficiency. CEO Sanjay Garyali expects declining credit costs to move the company towards profitability from the third quarter.

11Aug 25

Fusion Finance Bolsters MSME Business with Appointment of Jitender Sharma as Deputy COO

Fusion Finance Limited has appointed Jitender Sharma as Deputy Chief Operating Officer for its MSME Business division, effective August 11, 2025. Sharma brings over 17 years of experience in banking and finance, particularly in home finance and Loan Against Property. He previously served as Executive Vice President at Kotak Mahindra Bank. The appointment aims to strengthen Fusion Finance's position in the MSME sector.

10Aug 25

Fusion Finance Reports Q1 Results: Credit Costs Improve, Portfolio Quality Strengthens

Fusion Finance, a microfinance institution, released Q1 financial results showing improvements in credit costs and portfolio quality. AUM decreased 14% QoQ to ₹7,688.00 crore. Net loss reduced to ₹92.00 crore from ₹165.00 crore in the previous quarter. NIM expanded to 10.29%. GNPA improved to 5.43%, and NNPA declined to 0.19%. Credit costs decreased to ₹178.00 crore. Disbursements were ₹950.00 crore with enhanced guardrails. Current collection efficiency improved to 98.50%. The company maintains a strong liquidity position of ₹724.00 crore and a robust CRAR of 29.52%. Strategic initiatives include onboarding a Chief Credit Officer and focusing on portfolio quality.

08Aug 25

Fusion Finance Reports Widened Net Loss and Revenue Decline in Q1 FY26

Fusion Finance Limited, an NBFC-MFI, reported a net loss of ₹922.50 million in Q1 FY26, up from ₹356.20 million in Q1 FY25. Total income fell 36.95% to ₹4.46 billion. Despite challenges, Net Interest Income remained stable at ₹2.68 billion, and Net Interest Margin improved to 10.29%. The company maintained a CRAR of 29.52% and reported a GNPA ratio of 5.43%. Assets Under Management stood at ₹76.88 billion with 2.85 million active borrowers across 1,560 branches.

24May 25

Fusion Finance Reports Q4 FY25 Net Loss of Rs 165 Crore, Breaches Financial Covenants

Fusion Finance, a microfinance lender, reported a net loss of Rs 165 crore for Q4 FY25, contributing to an annual net loss of Rs 1,225 crore for FY25. The company breached financial covenants on Rs 4,763 crore of borrowings, potentially making these loans repayable on demand. Fusion Finance has obtained extensions for Rs 4,080 crore and is in discussions for the remaining amount. The company's Q4 FY25 revenue declined by 29.49% year-over-year to Rs 476 crore, with EBITDA dropping by 95.35%. The Gross NPA ratio stood at 7.92% as of March-end, indicating asset quality concerns.

12May 25

Fusion Finance's ₹800 Crore Rights Issue Oversubscribed, Bolstering Financial Position

Fusion Finance Limited (FFL) successfully completed its rights issue, raising ₹800 crore with a 1.5 times oversubscription. The issue comprised 6.11 million partly paid-up equity shares at ₹131 per share. FFL's financial metrics for FY 2024 show significant growth, with total assets increasing by 25.75% to ₹11,774.30 crore and current assets rising by 38.93% to ₹1,699.10 crore. The company serves 3.66 million customers and reported an Asset Under Management of ₹10,599.37 crore as of December 31, 2024.

14Mar 25

Fusion Finance Appoints Sanjay Garyali as New CEO Amid Financial Challenges

Fusion Finance Limited has appointed Sanjay Garyali as its new CEO, effective March 17, 2025, replacing Devesh Sachdev who will transition to Managing Director. This leadership change comes as the company faces significant financial challenges, reporting a net loss of ₹1,059.98 crore for the nine months ended December 31, 2024, compared to a profit of ₹372.60 crore in the previous year. The company is grappling with covenant breaches on borrowings of ₹5,288 crore and a substantial increase in impairment on financial instruments. Garyali, with 28 years of finance industry experience, is tasked with steering the company through its current financial difficulties.

20Feb 25

Fusion Finance Announces Rs 800 Crore Rights Issue to Boost Capital Adequacy

Fusion Finance Limited plans to raise Rs 800 crore through a rights issue, aiming to boost its capital adequacy ratio above 30% and strengthen its balance sheet. The announcement follows positive Q3 FY24-25 results, showing improved business parameters, enhanced loan portfolio quality, and strong MSME lending growth. The company's Q3 earnings call, held on February 13, 2025, provided further insights into its performance.