IPO-bound Kissht's NBFC arm gets Crisil Rating upgrade on strong growth

Crisil Upgrades Credit Rating of Kissht's NBFC Arm Si Creva Capital Services

Digital lending platform Kissht, operated by Onemi Technologies, has announced that its NBFC arm Si Creva Capital Services has received a credit rating upgrade from Crisil Ratings.

• The long-term rating has been upgraded to A-/Stable from BBB+/Stable.
• The short-term rating has been raised to A1 from A2+.
• The ratings on its non-convertible debentures have also been upgraded.

Crisil’s Rating Upgrade Reflects Kissht’s Strong Business Momentum and Healthy Capital Position

The rating upgrade reflects Kissht’s strong business momentum, improving profitability, and healthy capitalisation profile, according to a statement by the company.

Key Strengths Behind the Upgrade

• Assets under management (AUM) rose to Rs 5,533 crore as of September 30, 2025, from Rs 4,087 crore as of March 31, 2025.
• Expansion in its unsecured personal loan portfolio drove the growth in AUM.
• Crisil highlighted the company’s digital lending model, disciplined underwriting practices, and strong capital cushion as key strengths.

Ranvir Singh, Founder and CEO of Kissht, Comments on the Upgrade

"This Crisil rating upgrade is a significant milestone for Kissht and reflects the strength of our business model, our focus on responsible lending, and our commitment to sustainable growth. We remain dedicated to expanding access to transparent and reliable financial solutions while maintaining prudent risk management standards," said Ranvir Singh.

Recent Developments

• Last month, OnEMI Technology Solutions received markets regulator Sebi’s approval to raise funds through an initial public offering (IPO).
• The proposed IPO is a combination of fresh issue of shares worth Rs 1,000 crore and an offer for sale (OFS) of 88.79 lakh equity shares by existing investors.