Aye Finance Limited (AYE)

Overview

Aye Finance Limited is a technology-enabled non-banking financial company (NBFC) focused on providing secured and unsecured small business loans specifically for micro, small, and medium enterprises (MSMEs) throughout India. Established around 2014, Aye Finance is committed to delivering quick and flexible credit solutions tailored to various business requirements, such as working capital, business growth, inventory procurement, wage disbursement, and minor renovations. The average loan ticket size offered is approximately Rs. 1.8 lakh (USD 1,500).

The company has pioneered a unique cluster-based underwriting model and developed platforms like SwitchPe for supply chain finance, catering to various sectors, including manufacturing, trading, services, and allied agriculture. As of September 30, 2025, Aye Finance had supported 586,825 active unique customers across 18 states and 3 union territories, successfully managing assets under management (AUM) amounting to Rs. 60,276.22 million. Under the leadership of Managing Director and CEO Sanjay Sharma and Co-Founder Vikram Jetley, Aye Finance has shown significant growth in AUM per branch and per employee, while sustaining robust capital adequacy and enhancing its profitability metrics. The company plays a critical role in empowering underserved MSMEs, thereby fostering financial inclusion within India’s dynamic small business ecosystem through its innovative, data-driven lending practices.

Products and Services

• Secured Loans:

  Aye Finance provides secured loans that require collateral, enabling businesses to access larger amounts of credit at competitive interest rates. This form of financing is ideal for businesses looking to invest in equipment, infrastructure, or other significant assets while leveraging their existing assets for funding.

• Unsecured Loans:

  Unsecured loans are offered without the need for collateral, allowing MSMEs to obtain financing based solely on their creditworthiness and business potential. This product is particularly beneficial for small businesses that may not have significant assets to pledge but require immediate capital for operational needs or urgent expenses.

• Working Capital Solutions:

  Aye Finance provides tailored working capital solutions to assist businesses in managing their day-to-day operational costs. This includes financing for expenses such as wages, inventory purchases, and other recurring costs to maintain smooth business operations.

• Business Expansion Loans:

  Business expansion loans offered by Aye Finance support MSMEs seeking to grow their operations. These loans can be utilized for various purposes, including opening new locations, increasing production capacity, or enhancing service offerings, thus facilitating overall business growth.

• Inventory Procurement Loans:

  These loans are specifically designed to help businesses procure inventory efficiently. By providing funding for inventory purchases, this product enables businesses to maintain adequate stock levels, meet customer demands, and capitalize on market opportunities.

• Wage Disbursement Solutions:

  Aye Finance offers wage disbursement solutions to ensure that businesses can pay their employees on time. This product alleviates cash flow concerns and helps businesses maintain employee morale and productivity through regular and timely wage payments.

• Minor Renovation Financing:

  This financing option assists businesses looking to make minor renovations or improvements to their existing premises. Such funding can enhance the business environment, attract more customers, and improve operational efficiency.

• Supply Chain Finance (SwitchPe):

  Utilizing platforms like SwitchPe, Aye Finance provides supply chain finance solutions which help MSMEs optimize their cash flow by financing their suppliers. This service ensures that suppliers receive timely payments while allowing businesses to manage their cash flow effectively.