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 today. The move comes a little over three years after the company listed on the BSE SME platform in July 2023 with a ₹46.73 crore IPO.
Veefin arrives on the main boards with a business that has more than doubled in a year. For the six months ended September 30, 2026, group revenue rose 116.2% year-on-year to ₹238.82 crore and total group profit after tax, including non-controlling interests, rose 126.6% to ₹24.85 crore. Group EBITDA margin widened to 25.5% from 21.2%. On a standalone basis, revenue grew 83.6% to ₹49.19 crore and profit after tax grew 79.4% to ₹13.97 crore.
Most of the company’s new business is coming from overseas. Veefin reported an open deal pipeline of about ₹920 crore with its half-year results, of which about 84% is from banks and financial institutions outside India, led by Southeast Asia.
On the main boards, Veefin’s shares can be bought and sold one share at a time instead of in the fixed lots of the SME platform, and become accessible to a wider set of retail and institutional investors.
Veefin used the occasion to set out where it expects its next phase of growth to come from: the Veefin AI Operating System (AIOS), a platform on which a business can create, deploy and supervise AI employees for defined roles. Each AI employee combines reusable skills with access to the systems it needs, and works within set permissions, approval steps and human oversight.
Veefin is its own first user. The company has built more than 1,000 reusable AI skills and has put AIOS to work internally in three functions: customer implementation, customer support and software testing. The aim is to deliver projects with higher productivity as the business grows.
AIOS works with a customer’s existing systems and can be sold on its own or alongside Veefin’s products. Because it is not tied to banking software, Veefin sees it as a way to sell more to its existing customers and to reach enterprises outside financial services, for work such as document processing, customer support and operations. To reflect this, the company is moving its web address from veefin.com to veefin.ai.
Gautam Udani, Vice Chairperson, Co-founder & COO – Veefin Group, said: “We listed on the SME platform three years ago as a supply chain finance technology company. We come to the main boards as a multi-product company whose revenue has more than doubled in the past year, and with many more investors able to take part in what we build next.”
“Every bank and every business has work that involves reading information, moving between systems, following rules and getting approvals. That is the work AIOS is built for. We are running it in our own implementation, support and testing teams first, so that what we take to customers has already been proven on our own work.”
“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.”
Veefin began with supply chain finance and now offers trade finance, cash and liquidity management, loan origination, loan management, collections, and corporate and retail digital banking. Banks, corporates and technology companies use its software as complete applications, as platforms, or as individual components built into their own systems.
