Kissht Reports 18% Decline in FY25 Profit as Short-Term Loan Ban Impacts Revenue

Mumbai, Consumer lending platform Kissht reported an 18% drop in net profit to Rs 160 crore in the financial year 2025, with overall revenue falling to Rs 1,353 crore, marking a 20% year-on-year decline, according to The Economic Times.

The company's profit before tax and ESOP cost stood at Rs 253 crore.

Short-Term Loan Exit Impacts Growth

Kissht’s downturn aligns with the broader challenges faced by digital lenders in the unsecured consumer lending sector. The company had to shut down its high-margin, ultra short-duration personal loans, once a cornerstone of its product portfolio, amid tightening regulatory scrutiny and risk-based assessments.

Pivot to Longer Tenure and Secured Lending

In response, the IPO-bound startup has shifted to offering only consumer loans with tenures exceeding six months, while expanding into secured products such as loans against property and small business credit—positioning itself as a full-stack digital lender.

Disbursements Fall, AUM Grows

A CRISIL report on Si Creva, Kissht's NBFC arm, revealed that disbursements halved to Rs 9,776 crore in FY25 from Rs 18,527 crore in FY24. However, AUM surged to Rs 4,129 crore from Rs 2,670 crore, driven by the company’s emphasis on longer-duration loans. Notably, 99.5% of the loan book now comprises loans of over six months, up from 65% a year ago.

IPO Plans Pushed to 2026?

Kissht is among the top digital lending startups, alongside Moneyview and KreditBee, gearing up for an IPO. As per a June 26 report by ET, these firms are refining internal systems and may postpone their listing until late 2025 or early 2026.

Founded in 2015 by ex-McKinsey professionals Ranvir Singh and Krishnan Vishwanathan, Kissht has raised $133 million in equity funding from investors like Vertex Ventures and Ventureast.