Umesh Mohanan, Executive Director & CEO of Indel Money, joins Co-founder and Editor-in-Chief Vivek Law on the Simple Hai! show to decode the real role of gold in times of crisis and why gold loans work differently from traditional credit.
Mohanan explains how gold continues to act as a reliable store of value, how global factors now drive gold prices, and why trust is central to the gold loan ecosystem.
In response to the Union Budget 2026, Indel Money Executive Director and CEO Umesh Mohanan highlighted the positive implications for India’s financial and credit ecosystem. The Budget, presented on February 1, 2026, emphasised long-term strength in banking and financial systems rather than short-term measures. Finance Minister Nirmala Sitharaman’s proposal to form a High-Level Committee on Banking for Viksit Bharat aims to enhance credit access across sectors, including banking, NBFCs and MSMEs — a step Mohanan described as significant for meeting broader financing needs.
Umesh Mohanan, Executive Director and CEO of Indel Money, said the move could address longstanding funding challenges. “On the banking and finance front, the constitution of a High-level Committee on Banking for Viksit Bharat is a notable step that will address the credit-financing requirements of banking, NBFC and MSME sectors. For the MSMEs, the trade receivables are now being treated as asset-backed securities, which will help them address their credit requirements,” he said.
Mohanan noted that treating trade receivables as asset-backed securities can help MSMEs meet credit requirements more efficiently, supporting growth and liquidity. He also pointed out the Budget’s clear focus on NBFC reforms, technology adoption and credit disbursement targets, which are expected to make credit flow smoother for borrowers who rely on non-bank financial institutions.
According to the article, these measures are designed to strengthen the foundations of India’s credit delivery system while maintaining financial stability, which could enhance access to formal credit for businesses and retail borrowers alike.
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.
