CRISIL Limited has announced an investment of ₹33.25 crore to acquire a 4.08% post-money, fully diluted stake in Online PSB Loans Limited (OPL). This strategic move was approved during a board meeting held on December 12, 2024, aimed at strengthening CRISIL’s presence in the digital credit infrastructure space.
About Online PSB Loans Limited (OPL): OPL, incorporated in 2015, operates from Ahmedabad and Mumbai, specializing in the digital MSME credit ecosystem. The company has established scalable lending infrastructure connecting multiple banks and MSMEs. Its services include PSB loans within 59 minutes, GST-based Sahay Infrastructure, Prayaas Loans, and FIT Rank solutions. In FY24, OPL reported revenues of ₹44.87 crore, reflecting a year-on-year growth of 37%. The company also expanded into insurance and agriculture sectors.
Investment Objectives: This minority stake acquisition aligns with CRISIL’s focus on leveraging OPL’s proven track record in the digital credit ecosystem. CRISIL aims to explore partnerships with OPL in MSME and agriculture sectors, enhancing their collective impact on the financial landscape.
Transaction Details:
- The consideration of ₹33.25 crore will be paid in cash.
- The investment is subject to shareholder agreements and customary closing conditions.
- The deal is expected to conclude within 45 days.
This partnership highlights CRISIL’s strategic intent to support digital transformation in the MSME and agriculture credit sectors while fostering innovation in lending infrastructure.
