Mufin Green Finance Limited, a leading non-banking financial company (NBFC) focused on green and sustainable lending, has successfully raised ₹90 crore through a private placement of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). The fundraising was completed on December 4, 2025, marking a significant milestone in the company’s expansion across electric mobility, solar energy, and mediclaim premium financing.
Strong Investor Confidence Reflected in Fully Subscribed NCD Issue
As per the company’s exchange filing, a total of 9,000 NCDs were issued, each having a face value of ₹1,00,000, aggregating to a total issue size of ₹90 crore. These NCDs will be listed on the BSE Limited, ensuring transparency and investor liquidity.
The debentures carry a coupon rate of 11.75% per annum, payable on a semi-annual basis, with a structured tenure of 4 years, 11 months, and 23 days. The instruments are scheduled to mature on November 26, 2030, with 99.99% of the principal being redeemed on November 26, 2028, and the remaining 0.01% at maturity.
Funds to Fuel Growth Across Green and Social Lending Segments
The funds raised through this NCD issuance will be strategically deployed to strengthen Mufin Green Finance’s presence in key priority sectors, including:
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Electric vehicle (EV) financing
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Charging infrastructure and battery-linked funding
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Rooftop and commercial solar financing
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Mediclaim and insurance premium financing
These segments form a major part of the company’s publicly disclosed lending portfolio and align with India’s broader clean energy and sustainability goals.
Management Highlights Commitment to Clean Mobility and Health Access
Commenting on the successful fundraise, Kapil Garg, Managing Director, Mufin Green Finance, said that the company is witnessing a strong surge in credit demand across clean mobility and renewable energy sectors.
He added that the newly infused capital will allow the company to scale its lending operations with greater agility while continuing to innovate financially inclusive credit models. The company is also expanding its mediclaim premium financing portfolio, helping ensure timely access to essential healthcare coverage for individuals and families through flexible and responsible lending.
Expanding Footprint in EV, Solar, and Insurance Financing
Mufin Green Finance continues to steadily grow its lending book across:
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Electric vehicle loans
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EV charging infrastructure
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Battery-linked asset financing
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Rooftop solar projects
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Medical and insurance premium financing
These segments reflect the company’s commitment to building a diversified, socially relevant, and environmentally responsible loan portfolio. According to the management, the strong response from the debt market underscores investor confidence in the company’s financial governance and long-term business strategy.
Strengthening Capital Structure for Sustainable Expansion
The latest NCD allotment aligns with Mufin Green Finance’s broader funding roadmap and statutory requirements applicable to listed NBFCs. The company continues to diversify its funding mix using long-term market-linked instruments, ensuring stable capital availability to support growing demand across its focused lending verticals.
With this successful ₹90 crore fundraise, Mufin Green Finance has further strengthened its ability to scale responsibly while supporting India’s transition toward clean energy, electric mobility, and affordable healthcare financing.
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