Varthana Finance Pvt Ltd

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)
Latest Rating
BBB (CRISIL)
Total Debt Outstanding
₹465 Cr
Across 21 instruments
Listed Bonds
21
First Issue
2012-12-31
Latest Issue
2026-02-26
Maturity Range
2026 - 2040
Observation
21 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Financial Services
Issuer Type
Nbfc
First Tracked Bond
2012-12-31
Start of this issuer's debt program timeline
  • 21 active bonds tracked from this issuer.
  • 16 of 20 tracked bonds with a stated security status are secured. (based on 20 bonds with a disclosed security status)
  • Most recent rating action: other by CRISIL on 2026-08-10.

Varthana Finance Pvt Ltd is an NBFC in the financial services sector. Coupon rates on outstanding bonds range from 11.35% - 13.65%, paid quarterly. Bonds mature between 2026 - 2040.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
21
Tracked by RetailBonds
Amount Tracked
₹465 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 19 of 21 bonds)
Avg Coupon
12.01%
Range 11.35% - 13.65%
Avg Remaining Tenure
2.9 Yrs
Nearest maturity 2026-09
Secured
80%
16 of 20 bonds with known status
Callable
5
Of 21 bonds
Avg Spread vs G-Sec
+624 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (7 bonds).

0 2026: 3 bonds, ₹74 Cr tracked, avg coupon 12.22% 3 bonds 2026 2027: 7 bonds, ₹177 Cr tracked, avg coupon 11.91% 7 bonds 2027 2028: 1 bond, ₹21 Cr tracked, avg coupon 13.17% 1 bond 2028 2029: 3 bonds, ₹115 Cr tracked, avg coupon 12.03% 3 bonds 2029 2030: 2 bonds, ₹71 Cr tracked, avg coupon 11.45% 2 bonds 2030 2031: 1 bond, ₹1 Cr tracked 1 bond 2031 2032: 3 bonds, ₹5 Cr tracked 3 bonds 2032 2040: 1 bond, ₹1 Cr tracked 1 bond 2040

Security Type / Instrument Mix

  • NCD 21 bonds · 100% · ₹465 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2012: ₹1 Cr issued 2012 2013: ₹5 Cr issued 2013 2021: ₹1 Cr issued 2021 2023: ₹63 Cr issued 2023 2024: ₹111 Cr issued 2024 2025: ₹259 Cr issued 2025 2026: ₹25 Cr issued 2026 Cumulative: ₹1 Cr Cumulative: ₹6 Cr Cumulative: ₹7 Cr Cumulative: ₹70 Cr Cumulative: ₹181 Cr Cumulative: ₹440 Cr Cumulative: ₹465 Cr

Based on 19 of 21 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • BBB 14 bonds · 67%
  • Unrated 7 bonds · 33%
AgencyRatingOutlookBonds
CRISIL BBB 8
CRISIL BBB Stable 4
ACUITE BBB- 2

Recent Rating Actions

2026-08-10 · CRISIL
Other
2026-07-24 · CRISIL
Watch · Watch Positive
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE125T07295 VFPL-11.65%-16-9-26-PVT 11.65% BBB (CRISIL) 2026-09-16
INE125T07220 13.50% SECURED RATED UNLISTED REDEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 25/09/2026 13.50% BBB- (ACUITE) 2026-09-25
INE125T07303 VFPL-11.5%-27-9-26-PVT 11.50% BBB (CRISIL) 2026-09-27
INE125T07329 VFPL-11.5%-5-2-27-PVT 11.50% BBB (CRISIL) 2027-02-05 10.00% 2026-08-24
IN8125T07021 11.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE DATE OF MATURITY 05/02/2027 11.50% 2027-02-05
INE125T07261 VFPL-12.30%-27-02-27-PVT 12.30% BBB (CRISIL) 2027-02-27
INE125T07311 VFPL-11.7%-6-8-27-pvt 11.70% BBB (CRISIL) 2027-08-06
INE125T07238 13.65% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 25/09/2027 13.65% BBB (CRISIL) 2027-09-25
INE125T07337 VFPL-11.35%-27-9-27-PVT 11.35% BBB (CRISIL) 2027-09-27
IN8125T07013 11.35% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 27/09/2027 11.35% 2027-09-27
INE125T07212 13.17% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 07/08/2028 13.17% BBB- (ACUITE) 2028-08-07
INE125T07345 VFPL-12.30%-17-04-29-PVT 12.30% BBB (CRISIL) 2029-04-17
INE125T07378 VFPL-12%-17-04-29-PVT 12.00% BBB (CRISIL) 2029-04-17
INE125T07352 VFPL-11.80%-27-06-29-PVT 11.80% BBB (CRISIL) 2029-06-27
INE125T07279 VFPL-11.40%-16-5-30-UL-PVT 11.40% BBB (CRISIL) 2030-05-16
INE125T07360 VFPL-11.5%-18-12-30-PVT 11.50% BBB (CRISIL) 2030-12-18
INE125T08020 UNSECURED COMPULSORILY CONVERTIBLE DEBENTURES. CALSS A. DATE OF CONVERSION 31/12/2031 2031-12-31
INE125T08038 UNSECURED COMPULSORILY CONVERTIBLE DEBENTURES. CALSS A. DATE OF CONVERSION 28/03/2032 2032-03-28
INE125T08012 UNSEUCRED COMPULSORILY CONVERTIBLE DEBENTURES. CALSS B. DATE OF CONVERSION 05/05/2032 2032-05-05
INE125T08046 UNSECURED COMPULSORILY CONVERTIBLE DEBENTURES. CALSS A. DATE OF CONVERSION 06/05/2032 2032-05-06
INE125T08053 0.0001% UNSECURED COMPULSORILY CONVERTIBLE DEBENTURES.SERIES C1.DATE OF CONVERSION 28/06/2040 2040-06-28
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
13
Avg. Yield (Last 30 Days)
10.0%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 14 2026-03-31
Rating Actions History 2 2026-08-10
Secondary-Market Trades 13 2026-08-24
Reg52(4) Payment Disclosures 0

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Varthana Finance Pvt Ltd have?

Varthana Finance Pvt Ltd currently has 21 active bonds with coupons 11.35% - 13.65%, maturities spanning 2026 - 2040.

What is Varthana Finance Pvt Ltd's credit rating?

The most recent rating on Varthana Finance Pvt Ltd's bonds is BBB (CRISIL), published by ACUITE, CRISIL.

Are Varthana Finance Pvt Ltd's bonds secured?

Of the 20 bonds with a disclosed security status, 16 are secured (80%) and 4 are unsecured.

When do Varthana Finance Pvt Ltd's bonds mature?

Varthana Finance Pvt Ltd's active bonds mature between 2026 - 2040; the nearest matures in 2026-09; the average tenure is 2.9 Yrs.

What is the average coupon on Varthana Finance Pvt Ltd's bonds?

The average coupon across Varthana Finance Pvt Ltd's 21 active bonds is 12.01%.

Disclaimer: This page aggregates publicly available data about Varthana Finance Pvt Ltd for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.