Veefin shifts to NSE, BSE main boards after three years on SME platform; reports 116% revenue growth
The fintech software company reported H1 FY27 group revenue of ₹238.82 crore and is positioning its AI Operating System, built around AI employees, as a key driver of its next
Gautam Udani, Vice-Chairperson, Co-founder and Chief Operating Officer of Veefin Group, said the company was entering the main boards as a multi-product technology business with revenue more than doubling over the previous year.
MUMBAI: Veefin Solutions Limited, a provider of digital banking, lending and supply chain finance software, has moved its equity shares to the main boards of the National Stock Exchange (NSE) and BSE, more than three years after its listing on the BSE SME platform in July 2023.
The company made its main-board debut on Tuesday, following its ₹46.73-crore initial public offering on the SME platform. The migration allows its shares to be traded in individual units rather than the fixed lot sizes applicable on the SME platform, potentially widening access for retail and institutional investors.
The listing transition comes amid strong growth in the company’s financial performance. For the six months ended September 30, 2026, Veefin reported group revenue of ₹238.82 crore, an increase of 116.2% year-on-year. Group profit after tax, including non-controlling interests, rose 126.6% to ₹24.85 crore.
Group EBITDA margin improved to 25.5%, compared with 21.2% in the corresponding period of the previous year.
On a standalone basis, revenue increased 83.6% to ₹49.19 crore, while profit after tax grew 79.4% to ₹13.97 crore.
Overseas markets drive business pipeline
Veefin reported an open deal pipeline of approximately ₹920 crore alongside its half-year results, with around 84% of the pipeline coming from banks and financial institutions outside India, led by Southeast Asia.
The company, which began with supply chain finance technology, now offers software covering trade finance, cash and liquidity management, loan origination and management, collections, and corporate and retail digital banking.
Its customers include banks, corporates and technology companies, which use its products as complete applications, platforms or individual components integrated into their existing systems.
AI Operating System positioned as next growth driver
Alongside the main-board migration, Veefin outlined its plans to expand beyond financial technology through the Veefin AI Operating System (AIOS), a platform designed to create, deploy and supervise AI employees for defined business functions.
The platform combines reusable AI skills with access to business systems, operating within specified permissions, approval processes and human oversight.
Veefin said it had developed more than 1,000 reusable AI skills and was already deploying AIOS internally across customer implementation, customer support and software testing.
The company expects the platform to improve productivity and project delivery as its business expands. Since AIOS is designed to work with customers’ existing systems, it can also be offered independently or alongside Veefin’s banking and financial software.
The company sees potential applications beyond financial services, including document processing, customer support and business operations. Reflecting this broader positioning, it is moving its web identity from veefin.com to veefin.ai.
Gautam Udani, Vice-Chairperson, Co-founder and Chief Operating Officer of Veefin Group, said the company was entering the main boards as a multi-product technology business with revenue more than doubling over the previous year.
He said the company was first deploying AIOS within its own implementation, support and testing teams before taking the platform to customers, emphasising the importance of controls, permissions and approvals in enterprise AI adoption.
Veefin Solutions was founded by Raja Debnath and Gautam Udani and is headquartered in Mumbai. The company provides technology solutions for supply chain finance, digital lending, trade finance, cash management and digital banking, and is expanding its enterprise AI offerings.
