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Entity-Specific Rating Rationales

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

02 Feb 2026

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

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

03 Dec 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Agastya Nov-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Agastya Nov-25, backed by a pool of microfinance loan receivables

03 Dec 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Abhimanyu Nov-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A issued by Abhimanyu Nov-25, backed by a pool of microfinance loan receivables

27 Oct 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Raghunandan Oct-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Raghunandan Oct-25, backed by a pool of microfinance loan receivables

23 Sep 2025

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vakratunda Sep-25, backed by a pool of microfinance loan receivables

Svatantra Microfin Private Limited: Provisional [ICRA]AA+(SO) assigned to PTC Series A1 issued by Vakratunda Sep-25, backed by a pool of microfinance loan receivables


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Entity-Specific Credit Perspective Reports

02 Apr 2026

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

04 Feb 2026

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

03 Dec 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

03 Dec 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

28 Oct 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

29 Sep 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

04 Sep 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

06 Jun 2025

Svatantra Microfin Private Limited

Svatantra Microfin Private Limited (SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
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) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- Provisional [ICRA]AA+ (SO) --
PTC Series A1 -- -- [ICRA]AA+(SO) --
Subordinated Debt -- -- Withdrawn --
PTC Series A1 -- -- * --

Our Analysts

Analyst 1

Abhishek Jena

Analyst 2

Gaurav Mashalkar

Sector Head

Manushree Saggar
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