Gold loan NBFC post 10% growth in profit at ₹61 crore in FY25
Gold loan NBFC Indel Money has announced a 52 per cent rise year-on-year in its assets under management (AUM), taking the total assets to ₹2,400 crore. The company has also reported a profit of ₹61 crore for the year, registering a 10 per cent growth y-o-y.
Indel Money, a leading non-banking financial company, has taken a meaningful step towards social transformation through its CSR arm, Indel Cares. Staying true to its philosophy of giving back to society, the company has launched the ‘SMILE Homes’ initiative, aimed at providing shelter and security to the homeless in Palakkad, Kerala.
The project is being carried out in partnership with the Smart Palakkad Foundation. Each home is meant to be more than just four walls. It represents dignity, security, and the chance for a fresh start.
The noble journey officially began on Sunday, August 17, 2025, with the foundation stone laying ceremony for the first five homes. The initiative was officially launched on Sunday, August 17, 2025, with a foundation stone laying ceremony for the first five homes. Malayalam actor Asif Ali joined the event as Chief Guest, along with Indel Money Chairman Mohanan Gopalakrishnan, Executive Director & CEO Umesh Mohanan, and Palakkad MLA Rahul Mankootathil.
The project goes beyond building houses by restoring hope, strengthening communities, and offering a sense of dignity to families in need. SMILE Homes reflects Indel Money’s commitment to social responsibility that reaches beyond business goals, creating real and lasting value in people’s lives.
New Delhi, May 28 (PTI) Gold loan financier Indel Money on Wednesday said it expects to double asset under management (AUM) to Rs 4,000 crore in FY26 helped by rising demand for gold loans.
