Optimo Capital, a non-banking financial company (NBFC) founded in 2024, reported a remarkable 4.8 times increase in its net profit for the fiscal year FY26, reaching ₹10.5 crore compared to ₹2.2 crore in FY25.The company’s total assets under management (AUM) also saw substantial growth, rising 179% to ₹441 crore from ₹158 crore in the previous fiscal year.The NBFC’s operating revenue surged 423% year-on-year to ₹68.5 crore, up from ₹13.1 crore, with total income, including other income, amounting to ₹70.5 crore.Optimo Capital focuses on providing secured loans to micro, small, and medium enterprises (MSMEs), managing to scale its loan book significantly. By the end of FY26, disbursements reached ₹401 crore, and the number of active loans increased by 173% to 3,277.The average ticket size for loans ranges between ₹10 lakh and ₹50 lakh, with tenures averaging around ten years. Optimo Capital employs a phygital verification model, utilizing digital land records to assess property values, which allows for rapid loan sanction approvals within one hour. The company claims to have integrated over 77 lakh digital land records into its AI model, enhancing its operational efficiency.Despite its growth, Optimo’s expansion is somewhat limited by its reliance on digital land records, with Karnataka representing 58.14% of its total loan book in the first half of FY26.Looking ahead, the company plans to enhance its operations in states like Madhya Pradesh and Rajasthan, aiming to increase its physical branch network from 51 to 158 by FY30.Optimo Capital projects its revenue to reach ₹200-250 crore by the end of FY27, with a net profit forecast of ₹40-45 crore and AUM expected to nearly triple to ₹1,200 crore. The company has raised ₹228 crore in funding to date, including a ₹150 crore Series A round led by Prashant Pitti, with participation from Blume Ventures and Omnivore Partners.
