What we do RNFI Services Limited is a fintech company offering financial technology solutions including domestic money transfer, payment services, EMI collections, and insurance broking across India. |
Founded in 2,015 |
Market share Key player in fintech and business correspondent services with expanding presence through subsidiaries and partnerships. |
Problem solved Facilitates accessible and efficient financial services in rural and urban India, supporting digital financial inclusion. |
Top clients or who we serve Banks, payment banks, retail customers; B2B and B2C through agents and merchants nationwide. |
Key management Ranveer Khyaliya (Chairman & Managing Director), Deepankar Aggarwal (Director) |
Our journey and innovations Incorporated in 2015; IPO in 2024; expanded via subsidiaries and business correspondent relationships with banks and government digital programs. |
Where we operate Pan-India presence with partnerships in multiple states and tie-ups with leading national banks. |
Top products or what we offer Business Correspondent services, Domestic Money Transfer, AEPS, EMI Collection, Insurance Broking, Forex, and Digital Payment solutions. |
Top brands RNFI Services Limited's offerings include Corporate Business Correspondent, RNFI Money, PaySprint, Reliassure Insurance. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring through continual financial service transactions and commissions. |
Our industry position Emerging leader in fintech-enabled business correspondent and financial inclusion services with growing subsidiaries. |
Financial highlights FY 2024-25 standalone revenue INR 282.33 Cr, PAT INR 14.13 Cr; consolidated revenue INR 923.36 Cr, PAT INR 20.10 Cr. |
Geographical revenue split Revenue primarily from Indian market with operations spanning multiple states. |
Order book - |
Whats driving growth Growth driven by expanding bank partnerships, increasing digital transactions, and diversification into adjacent financial services. |
Our future plans Enhancing subsidiaries, expanding cash management services, deepening bank tie-ups, and pursuing new digital financial products. |
Our green promise - |
Our people and values Committed to inclusive growth with focus on rural empowerment and maintaining high governance standards. |
Key challenges ahead Regulatory changes, competitive fintech market, and managing risks across diversified services. |
Interesting facts Partnered with IRCTC and government missions like UMANG and MSRLM; expanded via acquisitions and new business segments. |
Risks and strategy Mitigating operational and compliance risks through robust internal controls and diversified business segments. |
