Digifinn has strengthened its platform offerings through a strategic partnership with Hinduja Leyland Finance Limited (HLF), a Chennai-based NBFC specializing in commercial vehicle financing. As reported by The Hindu BusinessLine, this partnership expands Digifinn's fixed income product portfolio beyond traditional bonds to include NCDs and commercial vehicle financing instruments. The collaboration leverages HLF's ₹1,660 crore portfolio restructuring completed in December 2021, representing 6.42% of its Assets Under Management. HLF's provision coverage ratio for repossessed assets improved to 43.19% as of March 31, 2021, up from 35.37% in the previous year.
BondsIndia has officially rebranded as Digifinn to mark its evolution from a bond-focused marketplace to a comprehensive digital platform for fixed income investments. According to reports from The Hindu BusinessLine, the new identity reflects Digifinn's expanded vision of offering a wider suite of digital fixed income products while making investing simpler, more transparent and accessible for retail investors, banks and institutions.
Digifinn has demonstrated significant growth in its operational metrics, facilitating transactions exceeding ₹14,000 crore across 90 bond issues and serving over 1.75 lakh users. As reported by The Hindu BusinessLine, the platform has established itself as a trusted digital platform connecting retail investors, banks and institutions with curated fixed income investment opportunities. The addition of HLF's NCD offerings enhances the platform's diversified product portfolio and strengthens its position in the commercial vehicle financing segment.
The rebrand is supported by Eshiruss Group, which brings institutional and technology partnerships to strengthen the platform. According to The Hindu BusinessLine, Digifinn aims to establish its presence across 50 cities in the next 5 years, with a strong focus on India's tier-III and -IV markets, while expanding and nearly doubling its workforce in the next 2 years. The partnership with HLF, part of the Hinduja Group ecosystem, provides access to commercial vehicle financing opportunities and strengthens Digifinn's position in asset-backed lending products.
Ankit Gupta, Founder of Digifinn, emphasized that investors are looking for a trusted digital platform offering a wider range of fixed income opportunities with seamless user experience. As reported by The Hindu BusinessLine, the company's next phase of growth will focus on expanding beyond metros, reaching emerging cities and helping more Indians convert their savings into long-term wealth through technology-led investing. The platform aims to make institutional-quality fixed income investing accessible to every Indian investor, irrespective of geography, with the addition of HLF's NCDs enhancing its commercial vehicle financing capabilities.
