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Mufin Green Finance, a leading NBFC focused on innovative financing solutions, has successfully closed its maiden ₹25 crore Pass Through Certificate (PTC) transaction for its mediclaim financing portfolio. The portfolio was built through its LSP partner, Bimapay Finsure Private Limited, and the transaction was backed by Aditya Birla Capital Limited, with the underlying pool receiving an A+ rating from CRISIL.
This marks a significant milestone for the company as it enters the structured finance-led fundraising space. The move also highlights the growing importance of mediclaim financing as an emerging retail credit segment in India, driven by rising health insurance awareness and demand for flexible payment options.
Kapil Garg, Managing Director of Mufin Green Finance, stated that healthcare financing is becoming a key component of India’s evolving retail lending ecosystem. He noted that the successful closure of the PTC transaction, along with institutional participation and a strong credit rating, validates both the quality of the portfolio and the long-term growth potential of the segment.
Mufin Green Finance aims to use this transaction to strengthen its mediclaim financing business and establish a scalable capital framework for future growth. The company has been expanding into emerging lending categories through product innovation and disciplined underwriting practices.
As of March 2026, Mufin Green Finance’s assets under management (AUM) stand at approximately ₹1,500 crore, reflecting steady growth in its lending operations. The company continues to enhance its institutional partnerships and funding architecture to support expansion across high-potential segments.
The transaction underscores Mufin’s strategic focus on diversifying its funding sources, deepening institutional engagement, and building long-term capital channels for specialised retail lending products, while contributing to financial inclusion and improving healthcare affordability in India.
