Oxyzo FY26 Performance- Revenue Jumps 23% as Profit Growth Slows

Oxyzo remained in the spotlight this week after reporting strong FY26 financial results and announcing major expansion plans beyond its core lending business. The financial services company posted healthy revenue growth, completed the acquisition of GoldenPi, and launched a new credit fund. Alongside Oxyzo’s developments, India’s business and technology sectors also witnessed significant activity, including rising AI investments, startup growth, regulatory reforms, and major infrastructure projects that reflect the country’s rapidly evolving economic landscape.

Oxyzo Expands Business Beyond Lending

Financial services company Oxyzo reported strong financial growth in FY26. Its revenue increased by more than 23% to nearly ₹1,500 crore, supported mainly by higher interest income. However, profit growth was slower than revenue growth, indicating rising costs and pressure on margins.

To reduce its dependence on SME lending, Oxyzo completed the acquisition of GoldenPi Technologies and GoldenPi Securities. The move marks the company’s entry into the retail bond and wealth management market.

The company also launched a large credit fund focused on investing in secured opportunities in mid-sized companies. In addition, Oxyzo received approval for the merger of its quick-loan subsidiary, simplifying its business structure. It also raised funds through non-convertible debentures (NCDs) and strengthened its board with a new independent director.

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AI Investments Continue to Rise

Artificial Intelligence remains one of the biggest growth areas globally. AI company Anthropic grabbed attention after raising massive funding that pushed its valuation close to the trillion-dollar mark. The company also launched an upgraded version of its Claude AI model, increasing competition in the AI industry.

India’s AI sector is also growing rapidly. AI infrastructure startup Neysa is reportedly planning an IPO in the coming years after raising significant funding. However, rising demand for AI computing power has also led to a sharp increase in GPU costs.

Several major Indian companies are increasing their AI investments. MakeMyTrip is expanding its AI-powered travel assistant, while Tata Consultancy Services has strengthened its partnership in the AI ecosystem. Bajaj Finserv has announced plans to invest heavily in AI, cybersecurity, and quantum computing startups.

Businesses across healthcare, retail, banking, and consumer goods sectors are also adopting AI to improve operations, customer service, and efficiency.

Startups Show Strong Growth and Funding Activity

India’s startup ecosystem continued to perform well despite market challenges. Digital payments giant PhonePe crossed 10 billion UPI transactions for the second straight month, highlighting the growing popularity of digital payments.

Slice Small Finance Bank reported its first-ever annual profit, supported by strong revenue growth. Travel-tech company TBO Tek and edtech platform PhysicsWallah also posted impressive financial results. FirstCry significantly reduced its losses while continuing to grow its revenue.

Funding activity remained healthy as fintech startup Scapia secured fresh investment for expansion. Flexprice and neurotech startup Sychedelic also raised capital to support their growth plans.

The startup sector also saw several acquisitions. Vyapar acquired AI-powered accounting platform Suvit, while Signzy acquired PowerEdge Analytics to strengthen its offerings. Meanwhile, spice manufacturer Pushp has started the process for its upcoming IPO.

RBI Reforms and Market Challenges

The Reserve Bank of India recently eased risk-weight rules on consumer loans and bank lending. The decision is expected to support lending activity and provide relief to NBFCs and microfinance institutions. Despite these positive developments, Indian markets faced pressure from foreign investor selling. Foreign Portfolio Investors continued to withdraw money from Indian equities, reflecting global market uncertainty.

India also introduced important changes to its External Commercial Borrowing (ECB) framework. The revised rules give companies more flexibility to raise funds from international markets, which could help businesses expand more easily.

At the same time, economic challenges remain. Rising oil prices are expected to increase India’s current account deficit, while inflation continues to affect household spending. Experts have also highlighted concerns about future water demand, which is expected to rise significantly over the coming decades.

Infrastructure, Defence and Space Sectors Gain Momentum

India’s infrastructure and strategic sectors recorded several important achievements. Chandrayaan-3 received a prestigious international award, further strengthening India’s reputation in space exploration. Private space startup GalaxEye successfully launched its Drishti satellite and plans to build a larger satellite network in the coming years. In the defence sector, Bharat Forge announced plans to establish India’s first private naval engine manufacturing facility.

The transportation sector also saw major progress. Approval was granted for India’s first 10-coach hydrogen-powered train, while significant railway infrastructure projects were approved to improve connectivity and support regional development. In renewable energy, Adani Green Energy successfully operationalised a large battery storage project, boosting India’s clean energy capabilities.

Overall, the latest developments across business, technology, startups, finance, infrastructure, and defence show that India continues to focus on innovation, investment, and long-term economic growth. As companies adopt new technologies and expand into new sectors, the country’s economy is steadily moving toward a more modern and competitive future.