Oxyzo Financial Services Reports Strong Growth and Expands Services

Oxyzo Financial Services, an SME-focused NBFC, demonstrated impressive growth momentum in the fiscal year concluding in March 2026. Following a revenue increase of 34% in FY25, the company recorded an additional 23% rise in operating revenue for FY26, with the profit of the year reaching Rs 346 crore.

As per the consolidated financial statements examined by Startup Superb, Oxyzo’s operating revenue surged to Rs 1,494 crore in FY26, up from Rs 1,207 crore in FY25. The firm’s total assets under management rose by 28% year-on-year, amounting to Rs 11,822 crore as of March 2026. Its loan portfolio expanded to Rs 10,545 crore, while the company maintained robust asset quality, with gross NPA at 0.74% and net NPA at 0.3%.

Based in Gurugram, the company also recorded a 10% increase in profit after tax, reaching Rs 375 crore during the fiscal year, compared to Rs 340 crore in FY25. This growth is attributed to an expansion in its lending activities and consistent asset quality.

Financial Performance Highlights

According to the annual financial statement, Oxyzo reported a return on assets (RoA) of 3.8%, concluding the fiscal year with a net worth of Rs 3,327 crore. The company held a robust capital position, showcasing a capital adequacy ratio (CRAR) of 29% and maintaining a liquidity surplus exceeding Rs 950 crore.

Oxyzo has diversified its borrowing sources among banks, NBFCs, and capital market instruments. Key lending partners include State Bank of India, Federal Bank, Axis Bank, Kotak Mahindra Bank, SIDBI, and IDFC First Bank, among others.

Expansion of Services and Strategic Acquisitions

Beyond lending, Oxyzo is enhancing its broader financial services ecosystem aimed at SMEs and emerging corporates. Earlier this month, the company acquired the wealth-tech platform GoldenPi to reinforce its debt capital markets business and launched a private credit fund.

Moreover, Oxyzo appointed former Brookfield executive Munish Dayal as an independent director on its board. In March, the company introduced Oxyzo Credit Fund I (OCF-I), a performing credit fund under its alternative investment platform, and ventured into fund management through a new subsidiary, Oxyzo Investment Manager Private Limited.

Oxyzo Financial Services achieved unicorn status after securing $200 million in its Series A funding round, led by Alpha Wave and Tiger Global. Meanwhile, its parent company, OfBusiness, is preparing for a $1 billion IPO, which is anticipated to include a mix of fresh issue and offer-for-sale components.