Aye Finance Ltd Company Summary

Aye Finance Limited was incorporated on August 12, 1993, as a Private Limited Company under the name Doda Finance Private Limited, at Jalandhar, Punjab by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Pursuant to the Share Purchase Agreement dated January 10, 2014, the shareholding of Doda Finance Private Limited was transferred to the initial promoters, Sanjay Sharma and Vikram Jetley and the name of the Company was changed to Aye Finance Private Limited dated March 28, 2014 and was further changed to Aye Finance Limited. A fresh Certificate of Incorporation dated December 10, 2024 was issued by the RoC.Aye Finance is a non-banking financial company focused on providing loans to micro scale MSMEs across India for their working capital and business expansion needs.

It offer small-ticket business loans with an average ticket size on disbursement of Rs 0.18 million to customers across manufacturing, trading, service and allied agriculture sectors. The product offerings comprise mortgage loans, Saral Property Loans, secured hypothecation loans and unsecured hypothecation loans.The experience in providing business loans against security of property or security of working assets, as well as providing unsecured loans or partly secured loans, has allowed Company to remain flexible and responsive to business needs of micro scale MSMEs. It is able to service such micro scale MSMEs through a phygital presence that leverages on-the-ground presence with technology and data science.

In 2015, Company opened its first branch in New Delhi, India and expanded the network to 16 branches. In 2016, Company opened first branch in Tamil Nadu and Karnataka, respectively; and in 2024, expanded the network to 499 branches. Company launched the IPO aggregating the issuance of 78,294,571 equity shares of face value Rs 2 each, by raising Rs 1010 crore, which comprised a fresh issue of 55,038,759 equity shares amounting to Rs 710 crore and the offer for sale of 23,255,812 equity shares amounting to Rs 300 crore on February 11, 2026.

The Companys AUM has crossed Rs 5,000 Crore in FY 2025. It served a network of 568 branches in FY 2025.