Moneyboxx Finance crosses Rs 1,000 crore assets mark, moves into RBI’s NBFC Middle Layer

Moneyboxx Finance Ltd has crossed the Rs 1,000 crore total assets threshold, bringing the listed non-Banking financial company within the Reserve Bank of India’s Middle Layer framework for non-deposit-taking NBFCs.

The company said its total assets exceeded Rs 1,000 crore as of September 30, 2026, based on provisional and unaudited management accounts. The figure remains subject to limited review by the statutory auditors.

Under the RBI’s scale-based regulatory framework, non-deposit-taking NBFCs with assets of Rs 1,000 crore or more are categorised as NBFCs in the Middle Layer. Moneyboxx said it will become subject to the applicable regulatory requirements according to the provisions and timelines prescribed under the framework.

The development marks a regulatory step-up for a lender that has been reshaping its book towards secured and higher-ticket micro and small enterprise finance. Importantly, the Rs 1,000 crore figure refers to balance-sheet assets and not assets under management, which is a separate operating metric for lenders.

Moneyboxx had reported total assets of Rs 995.32 crore as of March 31, 2026. The latest disclosure therefore indicates that it has moved past the threshold within six months, although the company has not disclosed the precise asset figure beyond stating that it exceeded Rs 1,000 crore.

The lender serves underserved micro and small enterprises through secured MSME loans, livestock finance, rooftop Solar finance and digital lending. Its wider strategy has involved reducing exposure to smaller unsecured loans, where management had flagged stress, and increasing the secured share of its portfolio through larger-ticket loans and partnership-led products.

In FY2025-26, secured lending accounted for 68 per cent of AUM, including first-loss default guarantee-supported loans, while gross NPA improved to 3.59 per cent as of March 31, 2026, from 6.61 per cent a year earlier. The asset-quality improvement followed tighter underwriting, collection efforts and a greater focus on secured products.

The transition to the Middle Layer comes while Moneyboxx is balancing portfolio quality with a revival in disbursement growth. In the June 2026 quarter, net sales declined 11.87 per cent year-on-year to Rs 52.02 crore, while profit after Tax fell 14.75 per cent to Rs 0.21 crore. Management has described the period as a transition phase, reflecting its decision to curb unsecured disbursements and loans below Rs 5 lakh in several areas.

Co-Founder and Co-Chief Executive Officer Deepak Aggarwal said the threshold marked an important stage in building a scalable and responsible financial institution. He said the company had strengthened its secured portfolio, technology platform, risk management practices and funding relationships, while maintaining focus on disciplined growth, asset quality and operating efficiency.

The regulatory reclassification could require greater compliance and governance readiness as the balance sheet expands. Moneyboxx has said it will continue to comply with RBI and other applicable regulatory requirements.

As of 3:27 pm on October 6, 2026, Moneyboxx Finance shares were trading at Rs 53.03. The stock was about 40.3 per cent below its 52-week high of Rs 88.78 and had declined 30.93 per cent over the preceding year, compared with a 4.54 per cent fall in the BSE 500.

Disclaimer: The article is for informational purposes only and not investment advice.