Navi Technologies, the fintech company founded by Flipkart co-founder Sachin Bansal, has reported a net loss of ₹126 crore for the financial year ending March 2025 (FY25). The development marks a shift from the previous financial year when the company had managed to stay profitable. The latest numbers highlight the growing cost pressures faced by fintech companies as they continue expanding their digital financial services.
Despite the loss, Navi’s core business continued to grow steadily during FY25, reflecting increasing demand for its digital lending and financial products across India.
Revenue Growth Driven by Lending and Digital Services
Navi Technologies has been building a strong presence in India’s fast-growing fintech ecosystem through its mobile-first financial platform. The company offers a range of services including personal loans, home loans, insurance, mutual funds, and UPI-based digital payments.
As more consumers shift towards digital finance solutions, Navi’s services have gained traction among users looking for quick and paperless access to credit and financial tools. The company’s revenue from operations grew during the year, indicating healthy business activity and a rising customer base.
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However, while revenue increased, the company’s expenses rose at a faster pace, which ultimately pushed the firm into losses for the fiscal year.
Higher Costs and Provisions Impact Profitability
One of the key factors behind the loss was the increase in finance costs and operational expenses. As a lending-focused fintech platform, Navi needs to maintain provisions for loan defaults and credit risks. With the expansion of its lending portfolio, these costs also increased significantly.
In addition, the company continued investing in technology development, product innovation, and customer acquisition to strengthen its position in the competitive fintech market.
Founded in 2018 by Sachin Bansal and Ankit Agarwal, Navi Technologies aims to simplify financial services through technology-driven solutions. As India’s digital finance landscape continues to evolve, the company is expected to focus on improving efficiency while sustaining its growth momentum in the coming years.