MUFIN GREEN FINANCE Bonds

Mufin Green Finance Limited is an NBFC that finances the electric vehicle ecosystem, covering battery-powered vehicles of all kinds along with charging infrastructure. It was incorporated on May 13, 2016 in Rajasthan as APM Finvest Limited and took its present name after Hindon Mercantile Limited acquired it in March 2022; Hindon Mercantile held 54.31% as of March 2025 and the company operates as part of the Mufin group. Vehicle loans made up about 86% of the portfolio as on 30 September 2025, with EV infrastructure financing at about 13%. Lending runs through OEM and dealer networks across India, with more than 36,000 customer accounts and over half the AUM concentrated in Uttar Pradesh, Bihar and Delhi, and the group has financed more than about 80,000 electric vehicles since 2016. Acuite rates its bank facilities, bonds and non-convertible debentures at ACUITE A- with a Stable outlook. AUM grew to Rs 838.44 crore as on 31 March 2025 from Rs 624.14 crore a year earlier.

MUFIN GREEN FINANCE's listed bonds carry an A- credit rating from Acuite; as of FY25 (31 Mar 2025) the company reported AUM of Rs 838.44 crore, gross NPA of 2.49%, capital adequacy of 25.99% and net profit of Rs 20.29 crore. A credit rating measures the chance of default, not price stability, and corporate bonds are not covered by DICGC deposit insurance. Read the issuer's latest rating rationale before you invest.

As of Sept 2026, the 1 listed MUFIN GREEN FINANCE bond yields about 10.75% (average 10.8%), against roughly 6-7% on a comparable bank FD.