Indel Money has strengthened its growth strategy by securing ₹100 crore (approximately $11 million) in debt funding from Kotak Credit Opportunities Fund. The funding was raised through non-convertible debentures (NCDs) with a tenure of 4.5 years, reflecting strong institutional confidence in the company’s business model, governance, and expansion plans.
According to Indel Money Executive Director and CEO Umesh Mohanan, the partnership supports the company’s focus on scaling its lending operations and strengthening its position in the organised gold loan sector. The capital will be used primarily for onward lending, helping expand credit access to customers across India.
Indel Money continues to record steady business growth. The company reported a 10% year-on-year rise in net profit to ₹61 crore in FY25, supported by strong loan demand. Assets under management grew 52% year-on-year to ₹2,400 crore, while total disbursements reached approximately ₹6,000 crore during the same period. The company expects disbursements to reach ₹10,000 crore in FY26, with AUM projected to grow to ₹4,000 crore.
Gold loans currently account for nearly 94% of Indel Money’s portfolio, with additional lending support extended to small and medium businesses. Operating across more than 370 branches in 15 states, the company continues to focus on responsible lending, financial inclusion, and customer-focused credit solutions.
In a recent interaction with Outlook India, Indel Money Executive Director and CEO Umesh Mohanan highlighted the growing importance of gold as a reliable collateral driving India’s next phase of inclusive credit growth. He explained that gold-backed lending is becoming a key financial tool, especially for individuals and small businesses that face challenges in accessing traditional credit systems.
Gold loans are gaining relevance due to their speed, simplicity, and lower dependency on credit history. Mohanan noted that in India, where households hold large quantities of gold, a significant portion remains underutilised. By bringing this idle asset into the formal financial system, lenders can improve liquidity and expand access to credit in both urban and rural markets.
He emphasised that gold loans are particularly beneficial for MSMEs and individuals in smaller towns, where access to formal banking services is limited. The secured nature of gold lending reduces risk for lenders while enabling faster disbursal for borrowers. This makes gold loans an efficient solution during economic uncertainty and tight credit conditions.
As a regulated NBFC, Indel Money is also playing a key role in moving borrowers away from informal lending practices towards a more transparent and customer-first approach.
With gold evolving from a traditional asset into a strategic financial tool, Indel Money stands at the forefront of enabling inclusive and sustainable economic progress.
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In an interview with People Manager, Anoop C. Nair, Head of Human Resources at Indel Money, shared how flexibility in NBFCs must go beyond remote work and become a structured, fair, and governance-driven strategy. He explained that in a regulated gold-loan business, people policies must balance RBI compliance, customer trust, and local cultural realities.
According to Nair, flexibility does not mean relaxed controls. At Indel Money, the core values—ethics, compliance, and customer dignity—remain uniform across India, while the implementation adapts to regional needs. The company follows a “standardise the why and what, localise the how” approach, supported by regional councils and policy audits to maintain accountability.
He highlighted micro-flexibility practices such as rotating Saturdays off, role swaps within clusters, work-from-home options for eligible roles, Recharge Leave, and Family Leave. These initiatives are designed to improve retention in a branch-led NBFC environment.
Nair also emphasised that AI should handle routine administrative tasks, allowing managers to focus on mentoring and customer trust. He stressed that employee feedback is treated as a direct decision-making input, ensuring inclusive policy updates across geographies.
The interview outlines how flexible, measurable, and skills-driven HR practices are strengthening engagement, compliance, and long-term workforce resilience at Indel Money.
