SME-focused NBFC Oxyzo Financial Services continued its strong growth momentum in the fiscal year ended March 2026. After recording 34% revenue growth in FY25, the company posted another 23% rise in operating revenue in FY26, while its profit for the year stood at Rs 375 crore.
According to consolidated financial statements reviewed by Entrackr, Oxyzo's operating revenue rose to Rs 1,494 crore in FY26 against Rs 1,207 crore in FY25.
Oxyzo's total assets under management grew 28% year-on-year to Rs 11,822 crore as of March 2026, while its loan book expanded to Rs 10,545 crore. The company maintained healthy asset quality metrics with gross NPA at 0.74% and net NPA at 0.3%.
The Gurugram-based company also posted a 10% increase in profit after tax to Rs 375 crore during the fiscal year, compared to Rs 340 crore in FY25. The growth came on the back of expansion in its lending operations and steady asset quality.
As per annual financial statement, the company reported a return on assets (RoA) of 3.8% and ended the fiscal with a net worth of Rs 3,327 crore. Oxyzo also maintained a strong capital position with a capital adequacy ratio (CRAR) of 29% and liquidity surplus of more than Rs 950 crore.
The company has diversified its borrowing profile across banks, NBFCs, and capital market instruments. Its lending partners include State Bank of India, Federal Bank, Axis Bank, Kotak Mahindra Bank, SIDBI, and IDFC First Bank, among others.
Beyond lending, Oxyzo has been expanding its broader financial services ecosystem for SMEs and emerging corporates. Earlier this month, the company acquired wealth-tech platform GoldenPi to strengthen its debt capital markets business and also launched a private credit fund.
Separately, Oxyzo appointed former Brookfield executive Munish Dayal as an independent director on its board.
In March, Oxyzo launched Oxyzo Credit Fund I (OCF-I), a performing credit fund under its alternative investment platform. The company also entered the fund management business through a new subsidiary, Oxyzo Investment Manager Private Limited.
Oxyzo Financial Services attained unicorn status after raising $200 million in its Series A funding round led by Alpha Wave and Tiger Global. Meanwhile, its parent OfBusiness is preparing for a $1 billion IPO, which is expected to comprise a mix of fresh issue and offer-for-sale components.