Mufin Green Finance raises ₹125 crore through NCD placement

The funds will be deployed across multiple lending verticals including mediclaim premium financing, electric vehicle loans, rooftop and commercial solar financing, corporate lending and early wage access programs | Photo Credit: Bablab

Mufin Green Finance Ltd has allotted ₹125 crore worth of secured, rated and listed non-convertible debentures through a private placement to LC Capital India Private Ltd. The New Delhi-based non-banking financial company announced the allotment on Monday, with issuance scheduled for Tuesday.

The funds will be deployed across multiple lending verticals including mediclaim premium financing, electric vehicle loans, rooftop and commercial solar financing, corporate lending and early wage access programs. The company said the capital raise forms part of its strategy to strengthen its capital base and expand its diversified lending portfolio across retail and institutional segments.

Gunjan Jain, Chief Financial Officer at Mufin Green Finance, said the issuance strengthens the company’s funding base to participate in growing opportunities across healthcare financing, electric mobility, renewable energy, corporate credit and earned wage access segments. He cited sustained demand driven by changing consumption patterns and increased formalisation.

The company has been expanding its presence in electric mobility financing, charging and clean energy solutions, insurance and healthcare premium funding, working capital support and short-tenure salary-linked products. The NCD issuance aligns with the company’s broader funding strategy and statutory requirements for listed NBFCs.

Published on February 9, 2026