Niyogin Fintech Limited, initially established as Parmarth Financial Consultants Private Limited in 1988, has evolved through several name changes and strategic transformations, becoming Niyogin Fintech Limited in 2017. It is a Non-Banking Financial Company (NBFC) registered under the Reserve Bank of India and listed on the Bombay Stock Exchange. The company specializes in providing unsecured loans to Micro, Small, and Medium Enterprises (MSMEs) across India, leveraging advanced fintech solutions for efficient client onboarding, underwriting, and loan management.
Focused on expanding its technological and financial capabilities, Niyogin raised Rs 230 Crores in 2017 to enhance its operations. By 2019, it expanded its geographical footprint and diversified its offerings by acquiring stakes in InvestDirect Capital, adding Wealth Tech, and iServeU, introducing Rural Tech. In 2023, Niyogin further strengthened its fintech prowess by launching 'iswitch', a proprietary platform on NPCI's NFS network, in collaboration with IndusInd Bank, enhancing its digital financial services portfolio.
