Kaabil Finance Private Limited (KFPL), a Jaipur-based NBFC focused on empowering rural MSMEs through secured business loans, reported a revenue of Rs 30.5 crore in FY24, up from Rs 19.15 crore in FY23. The company’s net profit also rose marginally to Rs 2.3 crore in FY24 from Rs 2 crore in FY23, while expenses increased to Rs 28 crore in FY24 from Rs 16.24 crore in FY23.
Its EBITDA margin improved to 57.66% in FY24 from 52.01% in FY23, indicating enhanced operational efficiency. However, ROCE declined to 17.90% in FY24 from 31.83% in FY23.
Founded in 2017 and headquartered in Jaipur, Kaabil Finance operates as a non-deposit taking NBFC, offering Loan Against Property (LAP) to small shopkeepers, vendors, and nano-entrepreneurs in India’s Tier 3/4/5+ towns. With a mission to make every rural business “Kaabil” or capable, the company not only disburses credit but also works to improve customer credit behavior and financial inclusion.
Employee benefit costs accounted for 33% of total expenses in FY24, up from 22.1% in FY23. Depreciation expenses rose slightly to 1% in FY24 from 0.74% in FY23. Finance costs made up the bulk of expenses, increasing to 52.3% in FY24 from 43% in FY23.
Kaabil Finance has raised a total of Rs 99.25 crore across six funding rounds, with the most recent round being a debt financing round in March 2025. Key shareholders include Lala Ram Meena (21.02%), Jagta Ram Meena (20.12%), and the ESOP pool (8.16%).
With a deep commitment to rural financial empowerment, Kaabil continues to bridge the credit gap for underserved businesses, supporting inclusive growth and enabling small enterprises across India to thrive.