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Entity-Specific Rating Rationales

13 Aug 2025

Aptus Finance India Private Limited: Rating upgraded to [ICRA]AA (Stable)

Aptus Finance India Private Limited: Rating upgraded to [ICRA]AA (Stable)

28 Oct 2024

Aptus Finance India Private Limited : Rating reaffirmed for PTCs backed by a loan against property (SME LAP loans) receivables issued by NIMBUS 2023 Orakei

Aptus Finance India Private Limited : Rating reaffirmed for PTCs backed by a loan against property (SME LAP loans) receivables issued by NIMBUS 2023 Orakei

09 Sep 2024

Aptus Finance India Private Limited: Rating withdrawn for PTCs issued under a loan against property (LAP SME) loan securitisation transaction

Aptus Finance India Private Limited: Rating withdrawn for PTCs issued under a loan against property (LAP SME) loan securitisation transaction

19 Aug 2024

Aptus Finance India Private Limited: Ratings reaffirmed

Aptus Finance India Private Limited: Ratings reaffirmed

31 Mar 2024

Aptus Finance India Private Limited: Ratings reaffirmed; rated amount enhanced

Aptus Finance India Private Limited: Ratings reaffirmed; rated amount enhanced

06 Dec 2023

Aptus Finance India Private Limited: Ratings reaffirmed

Aptus Finance India Private Limited: Ratings reaffirmed

26 Oct 2023

Aptus Finance India Private Limited: Rating confirmed as final for PTCs backed by a loan against property (SME loans) receivables issued by NIMBUS 2023 Orakei

Aptus Finance India Private Limited: Rating confirmed as final for PTCs backed by a loan against property (SME loans) receivables issued by NIMBUS 2023 Orakei

17 Aug 2023

Aptus Finance India Private Limited: Rating upgraded to [ICRA]AAA(SO) for PTC Series A3 backed by loan against property (LAP SME loans) receivables

Aptus Finance India Private Limited: Rating upgraded to [ICRA]AAA(SO) for PTC Series A3 backed by loan against property (LAP SME loans) receivables

26 Jul 2023

Aptus Finance India Private Limited: Provisional [ICRA]AA-(SO) assigned to Series A1 PTC issued by NIMBUS 2023 Orakei, backed by a loan against property (SME loans) pool

Aptus Finance India Private Limited: Provisional [ICRA]AA-(SO) assigned to Series A1 PTC issued by NIMBUS 2023 Orakei, backed by a loan against property (SME loans) pool

13 Dec 2022

Aptus Finance India Private Limited: Ratings reaffirmed

Aptus Finance India Private Limited: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

10 Oct 2025

Aptus Finance India Private Limited

Aptus Finance India Private Limited (Non-SF)

16 Sep 2024

Aptus Finance India Private Limited

Aptus Finance India Private Limited (Non-SF)

29 Jan 2024

Aptus Finance India Private Limited

Aptus Finance India Private Limited (Non-SF)

13 Feb 2023

Aptus Finance India Private Limited

Aptus Finance India Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund based Term Loan -- -- [ICRA]AA(Stable) --
Series A1 PTC -- -- [ICRA]AA-(SO) --
PTC Series A3 -- -- Withdrawn --
PTC Series A2 -- -- * --
PTC Series A1 -- -- * --

Our Analysts

Analyst 1

Jaynesh Shah

Analyst 2

Srinivasan Rangaswamy

Sector Head

Karthik Srinivasan
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