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The rating agency for this Bond is CARE Ratings.
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Earlysalary Services Jul '28
₹1,01,635.56YTM
11.10%Tenure left
25 monthsInterest payout
QuarterlyPrincipal payout
StructuredBonds details
Minimum investment₹1,01,635.56
Date of maturity04 Jul 2028
ISININE01YL07441
Bond typeSenior Secured
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About
Earlysalary Services Private Limited (ESPL), a wholly-owned subsidiary of Social Worth Technologies Private Limited (SWTPL), is a fintech-driven Non-Banking Financial Company (NBFC) with an operating track record of approximately nine years. The company utilizes a branchless, digital-first lending model primarily facilitated through its mobile application, "Fibe". Catering to a digitally savvy, younger demographic, ESPL provides personal loans for medical needs, emergencies, home improvement, and skill development. It relies on a highly automated, technology-driven risk assessment and credit underwriting process to sanction loans. Recently, the company has expanded its portfolio to include point-of-sale funding for solar panel installations, healthcare, education, and loans against mutual funds. As of June 30, 2025, the company operates across more than 30 states and union territories in India with an Asset Under Management (AUM) of ₹5,584 crore.;
Pros and Cons
Pros
Cons
Adequate capitalisation levels strongly supported by regular equity infusions from its parent company and marquee external investors such as TPG, Norwest Capital LLC, and Eight Roads Ventures.
Consistent and significant growth in the scale of operations, evidenced by its AUM increasing rapidly from ₹4,064 crore in March 2024 to ₹5,584 crore by June 2025.
A scalable and efficient business model backed by a technology-driven risk assessment engine that automates credit underwriting and offers high operating leverage.
Strong leadership from a highly experienced management team, with the co-founders and CEO bringing decades of expertise in retail, financial services, analytics, and risk management.
A moderately diversified borrowing/resource profile that successfully relies on a mix of Non-Convertible Debentures (NCDs), banks, NBFCs, financial institutions, and pass-through certificates.
Other details
Clean price₹99,679.44
Dirty price₹1,01,635.60
Current yield10.53%
Security cover1.10X of POS
Issue size1.00Cr
Original bond tenure27 months
TrusteeVardhaman Trusteeship Private Limited
Mode of issueNCD
Listed onNSE
Listing date25 Mar 2026
Maturity date04 Jul 2028
Coupon rate10.50%
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