Navi Technologies IPO

Navi Technologies, founded in 2018 by Sachin Bansal and Ankit Agarwal, is a Bengaluru-based financial services company focused on making financial products simple, affordable, and accessible for a billion Indians. The company operates through its app, offering a range of services, including personal loans, home loans, health insurance, mutual funds, digital gold, and UPI payments.

Products and Services

• Personal Loans: Navi provides instant personal loans of up to ₹20 lakhs through a completely digital and paperless process, with flexible loan and EMI options.
• Home Loans: The company offers home loans with a focus on quick processing and minimal documentation.
• Health Insurance: Navi Health Insurance offers comprehensive health plans with premiums starting at ₹241 per month, aiming to make health coverage affordable and accessible.
• Mutual Funds: Through Navi Mutual Fund, the company provides various mutual fund schemes to cater to different investment needs.
• Digital Gold: Navi allows users to invest in digital gold, providing a convenient way to purchase and manage gold investments.
• UPI Payments: The Navi app supports UPI payments, enabling users to make fast transactions and manage bills and recharges seamlessly.

Corporate Developments

In January 2020, Navi acquired DHFL General Insurance, expanding its footprint in the insurance sector. The company also launched a ‘2-Minute’ online retail health insurance product in 2021, emphasizing quick and hassle-free access to health coverage.

Mission and Vision

Navi's mission is to simplify financial services and improve affordability for a billion users by building a customer-centric and technology-first organization.

As the demand for digital financial services continues to grow, Navi Technologies remains committed to expanding its product offerings, enhancing user experience, and driving innovation in the fintech industry.For more details, refer to the SEBI filing.