Unlisted SME financier Oxyzo hits total assets of Rs 9,236 crore
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SME financier Oxyzo has scaled up assets to Rs. 9236 crore in financial year 2024-25, the Tiger Global and Alpha Wave backed company said in a statement. This is a 25% growth in its assets from the previous financial year. It has assets of Rs. 7364 crore in financial year 2023-24. Oxyzo is a part of OfBusiness Group.The financier which lends to micro, small and medium enterprises and emerging corporates across core sectors such as manufacturing and infrastructure said it had debt of Rs. 6,028 crore extended by large public and private sector banks, foreign banks, non bank finance companies, alternative investment funds and mutual funds.It posted total income of Rs. 1211 crore and profit after tax of Rs. 339 crore in financial year 2024-25.Its other shareholders include Norwest Venture Partners, Creation Investments and Z47.'Oxyzo's approach of combining prudent credit practices with sectoral depth has allowed us to support SMEs at scale. We've grown with prudence —focusing not just on scale, but on the quality of our book, our risk practices, and our deepening presence across core sectors of the Indian economy,' said Ruchi Kalra, the company's chief executive officer and co-founder.
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