Progfin Pvt. Ltd.
Progfin Pvt. Ltd. is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.45%.
Data as of 4 Nov 2026
How this yield compares
About this bond
Progfin Pvt. Ltd. is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.45%. It pays a coupon of 9.8% and matures on 13 Apr 2028, a remaining tenure of about 1.4 yr. It is rated BBB+, a moderate credit-safety grade. EquiRize lists this bond with a minimum investment of ₹10K.
Its 11.45% yield is well above the market average, ranking 82nd of 318 Corporate bonds we list. That is 0.95 percentage points above the Corporate median of 10.50% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 4.95 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.4 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its moderate safety (BBB+) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Progfin (INE0MYJ07211) at 11.5%, Progfin (INE0MYJ07203) at 11.5% and Progfin (INE0MYJ07195) at 11.4%.
About Progfin
Progfin Private Limited is the lending arm of the Progcap group, a wholly owned subsidiary that began operations only in October 2022. It does anchor-led supply chain finance: rather than lending to consumers, it funds dealers and distributors against their trade with a larger anchor company, across two-wheelers, agricultural inputs, white goods, FMCG and newer consumer brands. Dealer financing is about two-thirds of the book and working capital term loans the rest. The target customer is the MSME retailer in tier-2 cities and smaller towns, reached through the Progcap network of more than 31,500 active borrowers. The group has raised roughly Rs 800 crore of equity since inception, giving a net worth of Rs 739 crore and managed gearing of 1.9 times. Profit after tax was Rs 12 crore in FY25 on total income of Rs 258 crore. This is a young lender with a short track record through a full credit cycle.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 11.45% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.4 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.45% | ₹1,16,889 |
| 5% slab | 10.88% | ₹1,16,026 |
| 20% slab | 9.16% | ₹1,13,448 |
| 30% slab | 8.01% | ₹1,11,738 |
At a 9.8% coupon, ₹1,00,000 of face value pays about ₹9,800 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 1.4 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.50%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the BBB+ credit risk is the reason for the gap.
