Mufin Green Finance Limited, a non-banking financial company (NBFC) focused on green and socially inclusive lending, has raised ₹90 crore through the allotment of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). The issuance was completed on December 4, 2025, in New Delhi through a private placement.
According to the company’s exchange filing, a total of 9,000 NCDs were issued, each with a face value of ₹1,00,000. The instruments will be listed on BSE Limited. The NCDs carry a coupon rate of 11.75% per annum, payable semi-annually, and have a tenure of 4 years, 11 months, and 23 days. The series will mature on November 26, 2030, with 99.99% of the principal scheduled for redemption on November 26, 2028, and the remaining 0.01% to be paid at maturity.
The company said the funds will be used to expand lending across priority segments including mediclaim premium financing, electric mobility, rooftop solar installations, and commercial solar projects.
Commenting on the development, Kapil Garg, Managing Director at Mufin Green Finance, said the financing will strengthen the company’s ability to meet rising demand across clean mobility and renewable energy sectors.
“This capital infusion allows us to respond to this rising demand with greater agility while continuing to innovate our lending models,” he said. “Our focus remains on enabling micro-entrepreneurs and households to transition to cleaner technologies while also expanding access to essential health coverage through flexible financing.”
Garg added that the company continues to scale lending in electric vehicle loans, charging infrastructure, battery-linked financing, rooftop solar projects, and insurance financing. He said the positive investor response reflects confidence in the company’s business model and financial discipline.
The company noted that the NCD issuance aligns with its long-term funding strategy and regulatory framework for listed NBFCs. Mufin Green Finance said it will continue to strengthen its capital structure through a mix of long-term borrowing and market-based fundraising to support growth across its lending verticals.
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