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BBB+ | ICRA Limited NCD Secured
14.08%
YTM
N/A
Minimum investment
Monthly
Payout
13 Jan 2027
Maturity
11.00%
Coupon Rate
₹10,000
Face Value
14.08% / +308 bpsYTM vs coupon

yield above stated coupon

N/AClean / dirty price

Excluding / including accrued interest

About the issuer

Progfin Private Limited is a non-deposit-taking Non-Banking Financial Company (NBFC) based in New Delhi, India, specializing in providing collateral-free working capital finance to micro, small, and medium enterprises (MSMEs). Established in 1992 as Hytone Holdings Private Limited, the company was rebranded as Progfin Private Limited in 2022 after being acquired by Desiderata Impact Ventures Pvt. Ltd. (Progcap). Progfin leverages technology and analytics to underwrite and onboard last-mile retailers, offering tailored financial solutions across various industries. As of June 30, 2025, Progfin reported total assets under management of ₹1,703 crore, comprising dealer financing (70%) and working capital term loans (30%).

Issuance date
13 Oct 2025

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