CRISIL Invests ₹33.25 Crores in Online PSB Loans Limited to Strengthen Digital Credit Ecosystems
CRISIL Limited Approves Rs. 33.25 Crore Investment in Online PSB Loans Limited (OPL)
CRISIL Limited’s Board of Directors has approved an investment of ₹33.25 crores in the equity capital of Online PSB Loans Limited (OPL), securing a 4.08% stake on a post-money, fully diluted basis.
The investment will be made in cash and is subject to finalizing definitive shareholder agreements, completing the offer process, and executing all necessary documentation. CRISIL anticipates completing the transaction within 45 days of signing the shareholder agreements.
About OPL
Founded in 2015, Online PSB Loans Limited (OPL) is headquartered in Ahmedabad, with an additional office in Mumbai.
- Digital Credit Innovator: OPL specializes in digital credit infrastructure, connecting MSMEs with lenders.
- Pioneering Ecosystem Transformation: OPL has established secure and scalable lending platforms, facilitating MSME financing through partnerships with multiple banks.
- Diversification: OPL has expanded into the insurance and agriculture sectors.
- Financial Performance (FY2023-24):
- Total Revenue: ₹44.87 crores
- Net Worth: ₹51.49 crores
- Profit After Tax: ₹0.17 crores
Strategic Rationale for Investment
- Strengthening Digital Credit Ecosystems: CRISIL aims to deepen its participation in the evolving digital credit infrastructure space.
- Leverage OPL’s Track Record: OPL’s success in partnering with top financial institutions aligns with CRISIL’s strategic goals.
- Exploring Synergies: CRISIL sees collaboration opportunities with OPL in MSME financing and agriculture-related initiatives.
This strategic investment reflects CRISIL’s commitment to fostering innovative solutions for MSMEs and expanding its footprint in high-growth sectors.