Mufin Green Finance Ltd is a green finance NBFC offering Mediclaim Insurance Premium Financing (39% of AUM, ₹608 crore as of March 2026), EV/Solar financing (30% AUM), and government-backed Salary Saathi loans (2% AUM). Growth hinges on scaling Mediclaim AUM to ₹1,000 crore (50-60% of total AUM) by FY2026-27, expanding Salary Saathi to four new states, and reducing borrowing costs below 10% via PSU bank funding. Over 2-3 years, the company targets ₹2,500 crore AUM and ₹80-90 crore PAT (3x growth from FY2025-26), with long-term PAT ambitions of ₹500+ crore through PTC/DA transactions. Key execution risks include reliance on government MoUs for Salary Saathi expansion and credit concentration in high-growth Mediclaim segment.
companyname: Mufin Green Finance Limited ticker: MUFIN sector: Non-Banking Financial Company (NBFC) – Green Finance / Climate Financing Mufin Green Finance Limited is a non-banking financial company incorporated in 2016. It started as a climate financing pioneer, lending specifically for electric vehicles and solar installations. Over the last few years, management realized that pure climate lending produced low margins and asset quality stress. So the company built two new technology-driven pr...
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FY2026-27 AUM guided at ₹2,500 crore and PAT of ₹80-90 crore driven by Mediclaim Financing expansion to ₹1,000 crore
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