Veefin Moves to NSE, BSE Main Boards Three Years After SME Listing

Veefin Solutions Limited, which makes lending, supply chain finance and transaction banking software for banks, began trading on the main boards of NSE and BSE on November 11.

It listed on the BSE SME platform in July 2023 with a INR 46.73 crore IPO. On the main boards, shares trade one at a time instead of in the fixed lots of the SME platform, opening them to a wider set of retail and institutional investors.

For the six months ended September 30, 2026, group revenue rose 116.2% to INR 238.82 crore and group profit after tax, including non-controlling interests, rose 126.6% to INR 24.85 crore. Group EBITDA margin widened to 25.5% from 21.2%. On a standalone basis, revenue grew 83.6% to INR 49.19 crore and profit after tax rose 79.4% to INR 13.97 crore. The company reported an open deal pipeline of about INR 920 crore, about 84% from banks and financial institutions outside India, led by Southeast Asia.

Veefin outlined the Veefin AI Operating System (AIOS), a platform for creating, deploying and supervising AI employees for defined roles, working within set permissions, approval steps and human oversight.

“Banking taught us how to build software for workflows where controls and approvals cannot fail. AI adoption in any industry needs the same discipline, and that is why we believe this opportunity is much wider than the markets we serve today,” said Gautam Udani, Vice Chairperson, Co-founder and COO, Veefin Group.