/
•
•
The financial services group has gone way beyond loans and insurance to MFs, broking, platform services and even venture investing. All while keeping its core values intact.

An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
The fintech’s financial services business has done reasonably well in Q4 FY26. But upping its lending game without the NBFC tag will be a tall task.
Its lending business is doing the heavy lifting while payments and asset management lag, raising questions over its full-stack narrative.