Paisalo Digital Secures Rating for Proposed NCDs from Brickwork Ratings

Paisalo Digital Ltd, a leading non-Banking finance company (NBFC) focused on inclusive lending, has strengthened its credit profile by obtaining an additional external credit rating from Brickwork Ratings India Private Limited for its proposed Non-Convertible Debentures (NCDs). The rating agency has assigned a long-term rating of “BWR AA / Stable” for the Company’s proposed ₹1,500 crore NCD issuance, supplementing the Company’s existing rating from Infomerics Analytics and Research Private Limited.

This dual rating reflects Paisalo’s continued commitment to transparency, strong governance standards, and broader investor participation in its debt capital market issuances.

According to Brickwork Ratings, the assigned rating factors in several structural strengths of Paisalo’s business model and financial profile:

• Established franchise and scalable lending model
• Strong capitalization and experienced management
• Steady loan book growth and asset quality

Commenting on the development, Santanu Agarwal, Deputy Managing Director, Paisalo Digital Limited, said: "Receiving an additional rating from Brickwork Ratings India Private Limited alongside our existing rating from Infomerics Analytics and Research Private Limited highlights the strength of Paisalo’s capital position, asset quality discipline and scalable lending model. Obtaining dual credit ratings materially expands the universe of debt instruments and investor pools that Paisalo can access now. We remain focused on building a robust and sustainable lending platform that expands financial access for underserved entrepreneurs across India."

About the Company

Paisalo Digital Limited is engaged in the business of providing convenient and easy loans to the financially excluded at the bottom of India's economic pyramid. The company has a wide geographic reach with a network of 4,872 touch points across 22 states & UTs in India. The company’s mission is to simplify small ticket size income generation loans by establishing ourselves as a trusted, high tech: high touch financial companion for the people of India. This integration of High Tech: High Touch, customer-centric approach, and data analytics empowers Paisalo to deliver tailored, scalable solutions while minimising risks and maintaining the highest standards of governance and regulatory adherence.

The stock is up by 16.3 per cent from its 52-week low of Rs 29.40 per share. The company has a market cap of Rs 3,100 crore and as of December 2025, SBI Life Insurance Co. Ltd. owned a 6.83 per cent stake. The Promoters Bought 53,71,434 shares and increased their stake to 41.75 per cent in December 2025 compared to September 2025.

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