MYMUDRA
My Mudra Fincorp financials
- Market cap
- ₹74 Cr
- Sector
- Financial Services
What My Mudra Fincorp Ltd does
My Mudra Fincorp is a corporate DSA that sources and distributes financial products for partner banks and NBFCs, earning commissions rather than underwriting loans itself. Its product range spans secured loans (home loan, loan against property), unsecured loans (personal, business, professional), credit cards, insurance (health, life, term) and, more recently, mutual funds. The company runs a "phygital" model - a network of owned branches, franchisees and sub-DSAs combined with digital lead generation and fulfilment - to originate and service customers across India, while banks/NBFCs retain the underwriting and credit risk.
Segments
- Loans (secured & unsecured)
- Insurance
- Credit Cards
- Mutual Fund distribution
- Branch, franchisee & sub-DSA network
- ~160 (own branches, franchisees and sub-DSAs)
- Geographic presence
- 20 states across India
- Bank & NBFC partnerships
- 90+
- Cumulative loans disbursed (sourced volume)
- Rs 10,000+ Cr
- Monthly loan disbursement run-rate
- Rs 190-210 Cr
- Customers served
- 10,000+
Quarterly results
Q4 FY26: revenue up 51.3%, net profit up 75.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 32 | 39 | 34 | 47 | 58 +81% | 59 +51% |
| EBITDA | 3 | 8 | 5 | 9 | 8 +167% | 10 +25% |
| Net profit | 2 | 4 | 3 | 6 | 5 +150% | 7 +75% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.3% 1Y
1Y: ₹86.75 on 10 Sept 2025 → ₹64.8. High ₹115.7 (15 Sept 2025), low ₹64.8 (11 Sept 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹4 Cr | ₹8 Cr | ₹16 Cr | ₹47 Cr | ₹54 Cr |
| Borrowings | ₹3 Cr | ₹4 Cr | ₹10 Cr | ₹12 Cr | ₹11 Cr |
| Other liabilities | ₹2 Cr | ₹3 Cr | ₹4 Cr | ₹7 Cr | ₹7 Cr |
| Total liabilities | ₹9 Cr | ₹15 Cr | ₹30 Cr | ₹78 Cr | ₹84 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹15 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹0 Cr | ₹13 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹8 Cr | ₹12 Cr | ₹24 Cr | ₹63 Cr | ₹66 Cr |
| Total assets | ₹9 Cr | ₹15 Cr | ₹30 Cr | ₹78 Cr | ₹84 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public trimmed −0.36 pp while DIIs added +0.18 pp. The shareholder count grew 14% to 1,259.
- Promoters
- 57.9%
- FIIs
- 1.1%
- DIIs
- 0.6%
- Public
- 40.5%
Since Mar 2025
- Public −0.36 pp
- DIIs +0.18 pp
- FIIs +0.12 pp
How it drifted, 4 quarters
Over this window the public went from 33.4% to 40.5% — +7.1 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 57.8%, FIIs 2.6%, DIIs 6.2%, Public 33.4%.Mar '25: Promoters 57.8%, FIIs 1.0%, DIIs 0.4%, Public 40.8%.Sep '25: Promoters 57.9%, DIIs 0.6%, Public 41.5%.Mar '26: Promoters 57.9%, FIIs 1.1%, DIIs 0.6%, Public 40.5%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rajasthan Global Securities Private Limited NBFC / DFI newly disclosed 2.26% held
- Rishi Parkash Gupta newly disclosed 2.19% held
- Lalit Dua +1.56 pp 3.30% held
- Minerva Ventures Fund FPI fund newly disclosed 1.08% held
- NBFCs registered with RBI NBFC / DFI newly disclosed 0.55% held
- Gaurav Jain +0.13 pp 1.31% held
- Thebsure Success Consultancy LLP newly disclosed 0.00% held
The same filing shows 0 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of My Mudra Fincorp Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Nisha Kulshrestha | 41.86% | unchanged |
| Vaibhav Kulshrestha | 16.03% | unchanged |
| Gaurav Bansal | 4.64% | unchanged |
| Lalit Dua | 3.30% | +1.56 pp |
| Rajasthan Global Securities Private Limited NBFC / DFI | 2.26% | newly disclosed |
| Rishi Parkash Gupta | 2.19% | newly disclosed |
| Gaurav Jain | 1.31% | +0.13 pp |
| Minerva Ventures Fund FPI fund | 1.08% | newly disclosed |
| Key Managerial Personnel | 0.77% | unchanged |
| NBFCs registered with RBI NBFC / DFI | 0.55% | newly disclosed |
| Thebsure Success Consultancy LLP | 0.00% | newly disclosed |
| Dhruv Kulshrestha | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse My Mudra Fincorp Ltd
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