Fusion Finance

Delhi, India Founded: 2010 • Age: 16 yrs Listed
Provider of microfinance and MSME loans to underserved populations
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About Fusion Finance

Fusion Finance is a publicly listed company based in Delhi (India) founded in 2010 by Devesh Sachdev. Fusion Finance has raised $126.7 million across 8 funding rounds from investors including Warburg Pincus, Creation Investments and GAWA Capital. The company has 15,270 employees. Its chief executive, as recorded, is Devesh Sachdev. Its website fusionfin.com draws about 20 thousand monthly visits. Its Indian entity Fusion Finance Limited reported revenue of ₹1,732 Cr. Fusion Finance offers products and services including Microfinance Services and MSME Loans. Its focus areas include Consumer and SME Loans and Diversified. Its competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed competitors has raised funding.

Company details

Provider of microfinance and MSME loans to underserved populations. It offers microfinance to low-income individuals or groups who lack access to traditional financial services. It focuses on serving the Missing Middle segment of the MSME sector, supporting their growth and contribution to economic development. The company provides financial services to unserved and underserved women in rural and semi-rural areas. It aims to improve accessibility to formal credit at affordable prices, positively impacting the lives of its customers.

  • Headquarters Delhi, India
  • Employees 15,270
  • Founders Devesh Sachdev
  • Stage Public
  • Sectors
    Financial Services
  • Website category Finance · Investing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website fusionfin.com
  • Social LinkedIn X Facebook YouTube
  • Legal Name Fusion Finance Ltd
Operational Areas
Financial Services → Consumer and SME Loans
Key Metrics
  • Market Cap
    ₹2,772 Cr

    FUSION · NSE

  • Share Price
    ₹165.80

    -3.17% today

  • Revenue
    ₹1,699 Cr

    FY 2025-26 · -27.5% YoY

  • EBITDA
    ₹451 Cr

    Margin 26.6%

  • Net Profit
    ₹13.85 Cr

    FY 2025-26 · +101.1% YoY

  • P/E (TTM)
    9.1x

    P/B 1.0x

  • ROE
    0.6%

    ROCE 5.8%

  • Debt / Equity
    2.92

    Interest cover 121.9x

  • Total Equity Funding
    $126.7M (USD)

    in 8 rounds

  • Latest Funding Round
    $73M (USD), Series E

    Jan 2020

  • Investors
    Warburg Pincus

    & 7 more

  • Employee Count
    15,270

Products & Services of Fusion Finance

Fusion Finance offers a comprehensive portfolio of products and services, including Microfinance Services and MSME Loans.

Microfinance Services
Financial Services

Provides small credits to low-income individuals in rural areas

MSME Loans
Business Financing

Offers loans to small and medium enterprises for growth

Funding Insights of Fusion Finance

Fusion Finance has successfully raised a total of $126.7M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $73 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $126.7M
  • Total Rounds 8
  • Last Round Series E — $73M
  • First Round $4.52M

    (Mar 2013)

  • Investors Count 8

All 8 funding rounds of Fusion Finance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jan 2020$73MSeries E–Warburg Pincus
Creation Investments
Dec 2018Post-IPO––
Warburg Pincus, Creation Investments
Feb 2018$13.51MSeries D–Creation Investments
GAWA Capital, Oikocredit
Aug 2016$24.21MSeries D–Creation Investments, GAWA Capital
BIO Invest, Oikocredit
Jan 2015$8.33MSeries C–BIO Invest, Oikocredit
–
Sep 2014$2.64MSeries B–Nordic Microfinance Initiative
Incofin Investment Management
Sep 2014$490,557Series B–SIDBI
–
Mar 2013$4.52MSeries B–Incofin Investment Management
Nordic Microfinance Initiative
Valuation history

8 investors in total: 8 institutional.

Investors in Fusion Finance

Fusion Finance has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Warburg Pincus, Creation Investments and GAWA Capital.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Warburg Pincus
Multi-stage private equity investments are pursued across diverse sectors.
1966warburgpincus.comNew York, United States
Creation Investments
Impact investing in emerging markets through private equity and credit services.
2007creationinvestments.comChicago, United States
BIO Invest
Private equity and funds of funds
bio-invest.be
Nordic Microfinance Initiative
Investment management services and private equity funds are offered.
nmimicro.no
Incofin Investment Management
Impact investing in agriculture, water access, and microfinance across emerging markets.
incofin.com
GAWA Capital
Venture capital firm focused on impact sectors
gawacapital.com
Oikocredit
Financial services are provided to multiple industries worldwide.
oikocredit.org
SIDBI
Financial support is extended to micro, small, and medium enterprises.
sidbi.in
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Investor details for Fusion Finance

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Fusion Finance Limited (Fusion Finance)

Fusion Finance Limited is the primary company behind Fusion Finance. The board of Fusion Finance Limited currently have 7 directors; the longest-serving is Namrata Kaul, appointed in 2020. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Namrata Kaul
DIN 00994532
Director18 Feb 20206 yrs 8 moFusion Finance Limited
Puneet Gupta
DIN 02728604
Director05 Oct 20242 yrs 1 moFusion Finance Limited
Rajeev Sardana
DIN 06648276
Director18 Aug 20251 yr 2 moFusion Finance Limited
Sanjay Garyali
DIN 11046442
Managing Director18 Aug 20251 yr 2 moFusion Finance Limited
Hemant Omprakash Mundra
DIN 08192978
Director04 Sep 20251 yr 2 moFusion Finance Limited
Brahmanand Hegde
DIN 02984527
Director06 Feb 20269 moFusion Finance Limited
Remika Agarwal
DIN 09438221
Director31 Mar 20267 moFusion Finance Limited

People of Fusion Finance

1 people are tracked at Fusion Finance (1 in leadership); the tracked headcount is 15,270.

NameRoleGroup
Devesh Sachdev
Founder & CEOLeadership
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IPO & Listings of Fusion Finance

Fusion Finance is a publicly listed company on the NSE with ticker symbol FUSION in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date15 Nov 2022
  • Listed onBSE: 543652 · NSE: FUSION
  • Listed entityFusion Finance Ltd
  • Exchange sectorFinance
  • ISININE139R01012
  • Share price₹164.68 (-0.57% on the day) · 2026-10-14
  • Market capitalisation₹2,668 Cr
  • Price to earnings15.8
  • EPS (diluted, trailing year)₹10.41
  • Volume (last session)155,937

Financials of Fusion Finance

Exchange-reported figures of Fusion Finance Limited, the listed company behind Fusion Finance (NSE: FUSION).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,699 Cr
-27.5% YoY
EBITDA
₹451 Cr
+249.3% YoY
Profit After Tax
₹13.85 Cr
+101.1% YoY
Net Worth
₹2,456 Cr
+49.4% YoY
Total Assets
₹8,027 Cr
-0.2% YoY
Total Debt
₹5,571 Cr
-13.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,6992,3442,3171,7421,151856720
Revenue growth-27.5%+1.2%+33.0%+51.3%+34.5%+18.8%-
EBITDA451(302)1,3671,104476419430
EBITDA margin+26.6%-12.9%+59.0%+63.4%+41.3%+48.9%+59.7%
Profit before tax(62.93)(1,133)66351224.4356.80100
Net profit13.85(1,225)50538721.7643.9569.61
Net profit margin+0.8%-52.2%+21.8%+22.2%+1.9%+5.1%+9.7%
EPS (₹)0.86(121.66)50.2238.582.635.568.82
Balance sheet
Total assets8,0278,04511,4649,1007,1145,6794,173
Net worth2,4561,6432,8482,3221,3381,2461,199
Total debt5,5716,4028,6166,7785,7764,4322,974
Cash & bank2,0058531,5531,0651,1541,335818
Net working capital1,9027521,3899601,0901,223793
Cash flow
Cash from operations1,1461,448(1,350)(1,663)(1,641)(793)(749)
Cash from investing12.1774.4031.4817.8518.489.5620.05
Cash from financing(66.63)(2,214)1,8431,5841,4181,459545
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue486458424416401442466474
Revenue growth (YoY)+21.2%+3.6%-9.0%-12.1%-42.0%-35.8%--
Other income0.060.146.127.6631.873.299.918.70
Total expenses247244258284318387458773
EBITDA23921416613282.7555.778.20(299)
EBITDA margin+51.7%+49.3%+41.3%+33.1%+20.6%+12.8%+1.8%-63.2%
Depreciation1.761.742.202.492.492.423.263.20
Interest151150132123134149179214
Profit before tax86.4862.4137.4114.05(22.14)(92.25)(165)(508)
Tax0.000.00(76.78)0.000.000.000.00212

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue486458424416401442466474
Revenue growth (YoY)+21.2%+3.6%-9.0%-12.1%-42.0%-35.8%--
Other income0.060.146.127.6631.873.299.918.70
Total expenses247244258284318387458773
EBITDA23921416613282.7555.778.20(299)
EBITDA margin+51.7%+49.3%+41.3%+33.1%+20.6%+12.8%+1.8%-63.2%
Depreciation1.761.742.202.492.492.423.263.20
Interest151150132123134149179214
Profit before tax86.4862.4137.4114.05(22.14)(92.25)(165)(508)
Tax0.000.00(76.78)0.000.000.000.00212
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,6992,3442,3171,7421,151856720
Revenue growth-27.5%+1.2%+33.0%+51.3%+34.5%+18.8%-
Other income33.9724.9595.6958.0550.0817.2810.05
Total expenses1,2472,646949638676437290
Employee cost617573431326233169148
EBITDA451(302)1,3671,104476419430
EBITDA margin+26.6%-12.9%+59.0%+63.4%+41.3%+48.9%+59.7%
Depreciation9.6011.679.017.415.373.892.58
Interest539844791643496375338
Profit before tax(62.93)(1,133)66351224.4356.80100
Tax(76.78)91.531581252.6712.8530.39
Net profit13.85(1,225)50538721.7643.9569.61
Net profit margin+0.8%-52.2%+21.8%+22.2%+1.9%+5.1%+9.7%
EPS (₹)0.86(121.66)50.2238.582.635.568.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16210110110082.7679.0478.95
Reserves & surplus2,2941,5432,7482,2221,2551,1671,120
Shareholders' funds (net worth)2,4561,6432,8482,3221,3381,2461,199
Secured loans4,4765,6137,5675,5575,0363,9242,478
Unsecured loans1,0947891,0481,222740509496
Total debt5,5716,4028,6166,7785,7764,4322,974
Total liabilities8,0278,04511,4649,1007,1145,6794,173
Assets
Gross block70.5367.8061.0841.9833.0126.7310.99
Net block26.1227.4431.4420.9619.1918.286.05
Capital work in progress18.932.382.180.250.000.000.00
Investments2.062.072.060.000.000.000.50
Inventories0.000.000.000.000.000.000.00
Sundry debtors7.403.7013.8514.414.252.793.14
Cash & bank balances2,0058531,5531,0651,1541,335818
Loans & advances15814313214410844.3439.08
Total current assets2,1701,0001,6991,2231,2661,382860
Total current liabilities26824731026317715967.43
Net working capital1,9027521,3899601,0901,223793
Total assets8,0278,04511,4649,1007,1145,6794,173
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7831,4759501,0111,215540724
Net cash from operating activities1,1461,448(1,350)(1,663)(1,641)(793)(749)
Net cash from investing activities12.1774.4031.4817.8518.489.5620.05
Net cash from financing activities(66.63)(2,214)1,8431,5841,4181,459545
Net change in cash1,092(692)524(61.01)(204)676(184)
Closing cash2,0058531,5531,0651,1541,335818
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-27.5%+1.2%+33.0%+51.3%+34.5%+18.8%-
EBITDA growth+249.3%-122.1%+23.9%+132.1%+13.7%-2.7%-
PBT growth+94.5%-+29.6%+1995.7%-57.0%-43.2%+46.2%
Net income growth+101.1%-342.3%+30.5%+1679.2%-50.5%-36.9%-
Revenue CAGR (3Y)-0.8%+26.7%+39.4%+34.2%+32.6%+47.6%+53.0%
EBITDA CAGR (3Y)-25.8%-+48.4%+36.9%+13.9%+70.8%+60.6%
Profitability & leverage
Net income margin+0.8%-52.2%+21.8%+22.2%+1.9%+5.1%+9.7%
Return on capital employed+5.8%0.0%+14.1%+14.2%+8.1%+8.8%+11.3%
Return on net worth+0.6%0.0%+19.6%+21.2%+1.7%+3.6%+7.6%
Debt / equity2.923.342.983.433.953.033.23
Long-term debt / equity2.923.342.983.433.953.033.18
Interest cover121.93-268.6558.2258.61105.4590.4778.96
Efficiency & per share
Fixed asset turnover25.0536.7646.8248.0140.2246.2977.32
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover312.16269.96170.73192.92341.29294.47389.50
EPS (₹)0.86(121.66)50.2238.582.635.568.82
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)152.05163.27283.06231.38161.67157.69151.85

Timeline of Fusion Finance

4 dated milestones of Fusion Finance across 12 years, from founding to its latest funding, stage changes and deals.

  1. Founded Fusion Finance is founded.
  2. Funding First funding round of $4.5M.
  3. Funding Latest funding round, Series E, of $73.0M.
  4. IPO Lists on the stock exchange (IPO).

Competitors of Fusion Finance

Fusion Finance has 3 listed competitors in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Manappuram Finance
manappuram.com1992Valapad, India$39.98M32,076
Consumer and SME loans are provided by Manappuram Finance.
L & T Finance Holdings
ltfs.com1994Mumbai, India39,216
Diversified lending services are provided as a non-banking financial institution.
IIFL Finance
iifl.com1995Mumbai, India16,076
Online gold, home, personal, and business loans are provided.
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Detailed competitors of Fusion Finance

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  • Full competitor set
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Verified entity values are shown only after access is granted.

Web traffic of Fusion Finance

The website of Fusion Finance (fusionfin.com) receives about 20K visits a month and ranks #1,118,328 among all websites worldwide, #9,847 in Investing.

  • Monthly visits
    20K

    ▼ 21.3% vs previous month

  • Unique visitors
    7.4K

    per month

  • Global rank
    #1,118,328

    among all websites

  • Category rank
    #9,847

    Finance · Investing

Similar websites

Websites whose visitors overlap most with Fusion Finance. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Satyamicrocapital
satyamicrocapital.com
100%
4.2K#4,518,077View details
Edelweiss Finance
edelweissfin.com
82%
35.9K#752,756View details
KFin Technologies
kfintech.com
82%
5.4M#6,917View details
L & T Finance Holdings
ltfs.com
82%
440.6K#77,124View details
Annapurna Finance
annapurnafinance.in
66%
19K#1,400,262View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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All 14 similar websites and full traffic analytics for Fusion Finance

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  • 14 similar websites
  • Audience overlap
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Top companies in Consumer and SME Loans

3 companies that operate in the same segment as Fusion Finance (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Manappuram Finance
Consumer and SME loans are provided by Manappuram Finance.
1992Valapad, Kerala, IndiaUSD 39.98 MUSD 1.01 B51,650
HomeFirst Finance
Affordable home loans are extended to low and middle-income groups.
2010Mumbai, Maharashtra, IndiaUSD 209.7 MUSD 204.93 M1,634
L & T Finance Holdings
Diversified lending services are provided as a non-banking financial institution.
1994Mumbai, Maharashtra, IndiaUSD 1.9 B167
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Related news about Fusion Finance

FUSION: Q2 REVENUE 4.85B RUPEES VS 4.16B (YOY)
Exchange Update • 11 days ago
FUSION: Q2 SL NET PROFIT 865M RUPEES VS LOSS 221M (YOY)
Exchange Update • 11 days ago
FEVM Launches New Mini PC with High-End AMD and Nvidia Components
Notebookcheck Publishing GmbH • 2 months ago
Buy Fusion Finance; target of Rs 260: Motilal Oswal
Moneycontrol • 3 months ago
Buy Fusion Finance; target of Rs 240: ICICI Securities
Moneycontrol • 3 months ago
Fusion Finance aims to cut microfin share, offer larger retail loans - The Economic Times
Economic Times • 3 months ago
Fusion Finance shares a Buy after Q1 results? What CLSA, ICICI Sec, IIFL, MOFSL, JM say - BusinessToday
Business Today • 3 months ago
Fusion Finance plans retail loan venture in September - The HinduBusinessLine
Thehindubusinessline • 3 months ago
Fusion Finance June-Quarter PAT 624.1 Million Rupees
Reuters • 3 months ago
Fusion Finance turns profitable as asset quality improves sharply - The Economic Times
Economic Times • 3 months ago
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Frequently Asked Questions about Fusion Finance

Fusion Finance was founded in 2010 and raised its 1st funding round 3 years after it was founded.

Fusion Finance is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

Devesh Sachdev is the CEO of Fusion Finance, as recorded in our data. They have also founded this company.

Fusion Finance is a funded company, having raised a total of $126.7M across 8 funding rounds to date. The company's 1st funding round was a Series B of $4.52M, raised on Mar 2013.

Fusion Finance has 15,270 employees.

The primary company behind Fusion Finance, Fusion Finance Limited, reported revenue of ₹1,732 Cr for FY 2026, down 28% year on year.

Provider of microfinance and MSME loans to underserved populations. It offers microfinance to low-income individuals or groups who lack access to traditional financial services. It focuses on serving the Missing Middle segment of the MSME sector, supporting their growth and contribution to economic development. The company provides financial services to unserved and underserved women in rural and semi-rural areas. It aims to improve accessibility to formal credit at affordable prices, positively impacting the lives of its customers.

Fusion Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.

Fusion Finance offers Microfinance Services and MSME Loans.

Yes, Fusion Finance is publicly traded on NSE under the ticker symbol FUSION.

Fusion Finance has 8 investors. Key investors include Warburg Pincus, Creation Investments, GAWA Capital, Oikocredit, and BIO Invest.

Fusion Finance operates through Fusion Finance Limited.

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