MSME lender Optimo Capital reported FY26 net profit of ₹10.5 Cr, up 4.8X, with operating revenue jumping 423% to ₹68.5 Cr. Karnataka accounts for 58% of loans, a concentration risk.
Alpha Score of 43 reflects weak overall profile with moderate momentum, weak value, weak quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Optimo Capital's net profit for the fiscal year ended March 2026 jumped 4.8 times to ₹10.5 crore, the NBFC said. Operating revenue surged 423% to ₹68.5 crore from ₹13.1 crore a year earlier. Total income, including other income, stood at ₹70.5 crore.
Assets under management rose 179% to ₹441 crore, the company reported. Disbursements for the year hit ₹401 crore. Active loans climbed 173% to 3,277. Average ticket size ranges from ₹10 lakh to ₹50 lakh, with tenures averaging around 10 years.
Founded in 2024, Optimo lends to MSMEs against self-acquired residential properties. It uses a phygital verification model: an AI video tool analyzes property construction values and matches them against digital land records to determine a property's worth. The company said it offers in-principal loan approval within one hour and typically disburses loans within four days. "We take a few days to disburse loans in a space where banks typically need at least 15–20 days," Prashant Pitti, founder of Optimo, told Inc42. "This has allowed us to scale exponentially."
The reliance on digital land records creates a geographic constraint. Karnataka accounted for 58.14% of Optimo's total loan book in the first half of FY26. The company now plans to scale operations in Madhya Pradesh and Rajasthan. It aims to expand its branch network from 51 currently to 158 by fiscal 2030.
Looking forward, Optimo projects revenue of ₹200–250 crore by the end of FY27 and net profit of ₹40–45 crore. It expects AUM to reach roughly ₹1,200 crore by the end of the current fiscal year. The NBFC has raised ₹228 crore in funding to date from Blume Ventures and Omnivore Partners, including a ₹150 crore Series A round led by Pitti in October.
Karnataka's dominance in the loan book is the biggest risk to the growth story. The company's expansion into new states depends on adding branches and digitizing land records for those geographies. Pitti said he expects the geographic mix to shift meaningfully as the branch network grows.
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