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Entity-Specific Rating Rationales

15 Sep 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Rural Growth Trust 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Rural Growth Trust 2025

15 Sep 2025

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Kraz 06 2025

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Kraz 06 2025

01 Aug 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by LoanX Sorrel Jul 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by LoanX Sorrel Jul 2025

01 Aug 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Aludra 07 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Aludra 07 2025

02 Jul 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Kraz 06 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Kraz 06 2025

18 Jun 2025

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Euler March 2025

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Euler March 2025

12 Jun 2025

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Dhruv 03 2025

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Dhruv 03 2025

02 May 2025

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Starfish 02 25

Svasti Microfinance Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Starfish 02 25

31 Mar 2025

Svasti Microfinance Private Limited: Provisional [ICRA]BBB+(SO) assigned to PTCs backed by microfinance loan receivables issued by Dhruv 03 2025

Svasti Microfinance Private Limited: Provisional [ICRA]BBB+(SO) assigned to PTCs backed by microfinance loan receivables issued by Dhruv 03 2025

28 Mar 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Euler March 2025

Svasti Microfinance Private Limited: Provisional [ICRA]A-(SO) assigned to PTCs backed by microfinance loan receivables issued by Euler March 2025


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Entity-Specific Credit Perspective Reports

16 Sep 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

05 Aug 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

04 Aug 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

07 Jul 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

04 Apr 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

02 Apr 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

10 Mar 2025

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (SF)

19 Jan 2024

Svasti Microfinance Private Limited

Svasti Microfinance Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Series A1 PTCs -- -- [ICRA]A-(SO) --
Series A1 PTCs -- -- Provisional [ICRA]A-(SO) --
Series A1 PTCs -- -- Provisional [ICRA]A- (SO) --
Series A1 PTCs -- -- Provisional [ICRA]A- (SO) --
Series A1 PTC -- -- [ICRA]A-(SO) --
Series A1 PTC -- -- [ICRA]BBB+(SO) --
Series A1 PTCs -- -- [ICRA]A-(SO) --
Non-Convertible Debentures -- -- Withdrawn --
PTC Series A2 -- -- Withdrawn --
PTC Series A1 -- -- Withdrawn --

Our Analysts

Analyst 1

Shruti Jain

Analyst 2

Sumit Pramanik

Sector Head

Manushree Sagar
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