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Entity-Specific Rating Rationales

01 Jul 2026

Svatantra Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Pagani 2026, backed by a pool of microfinance loan receivables

Svatantra Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Pagani 2026, backed by a pool of microfinance loan receivables

24 Jun 2026

Svatantra Microfin Limited: : Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Giridhar June 2026, backed by a pool of microfinance loan receivables

Svatantra Microfin Limited: : Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Giridhar June 2026, backed by a pool of microfinance loan receivables

01 Jun 2026

Svatantra Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by ALPHONSO 2026, backed by a pool of microfinance loan receivables

Svatantra Microfin Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by ALPHONSO 2026, backed by a pool of microfinance loan receivables

15 May 2026

Svatantra Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Sarvaatmah

Svatantra Microfin Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Sarvaatmah

20 Apr 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Raghunandan Oct-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Raghunandan Oct-25

31 Mar 2026

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Naruto 2026, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Naruto 2026, backed by a pool of microfinance loan receivables

23 Mar 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Agastya Nov-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Agastya Nov-25

23 Mar 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Abhimanyu Nov-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Abhimanyu Nov-25

25 Feb 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vakratunda Sep-25

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by Vakratunda Sep-25

16 Feb 2026

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by MAHADEV Aug-2025

Svatantra Microfin Private Limited: Rating confirmed as final for PTCs backed by microfinance loan receivables issued by MAHADEV Aug-2025


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Entity-Specific Credit Perspective Reports

02 Jul 2026

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

26 Jun 2026

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

02 Jun 2026

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

02 Apr 2026

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

04 Feb 2026

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

03 Dec 2025

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

03 Dec 2025

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

28 Oct 2025

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

29 Sep 2025

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)

04 Sep 2025

Svatantra Microfin Limited

Svatantra Microfin Limited (SF)


Ratings

Description
Short Term
Medium Term
Long Term
Issuer
PTC Series A1 -- -- Provisional [ICRA]AA+(SO) --
PTC Series A -- -- Provisional [ICRA]AA+(SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+(SO) --
PTC Series A -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --

Our Analysts

Analyst 1

Rishi Newalkar

Analyst 2

Gaurav Mashalkar

Sector Head

Manushree Saggar
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