As India’s peer-to-peer lending ecosystem undergoes rapid transformation, Vartis Platforms—the parent company of LenDenClub—has initiated a structured roadmap toward a potential initial public offering (IPO) within the next 18 to 36 months. By leveraging our expanding digital lending infrastructure, enhanced compliance architecture, and robust profitability targets, we are positioning ourselves to become India’s first publicly listed P2P lending platform.

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Vartis Platforms operates LenDenClub, India’s largest P2P lending marketplace, which connects individual lenders directly with borrowers through a tech-driven, bank-independent model. As the P2P sector evolves under new regulatory frameworks, we continue to accelerate innovation, improve credit evaluation models, and enhance platform transparency to reinforce leadership in this high-growth domain.

The strategic push toward listing marks a significant milestone for the broader Indian fintech sector, especially following the Reserve Bank of India’s tighter compliance norms implemented in 2024. These norms include stricter sourcing guidelines and a ban on assured returns—changes that reshaped operational dynamics across the industry.

Our leadership team has identified two core prerequisites for pursuing the IPO:

1. Achieving annual profit above 1 billion rupees
2. Restructuring accounting systems to align with listed fintech peers

Over the past year, our internal teams have initiated an extensive restructuring program to enhance reporting accuracy, boost operational scalability, and integrate global-standard financial governance practices.

In fiscal year 2025, Vartis Platforms recorded revenue of 2.4 billion rupees and a profit of approximately 340 million rupees. For the ongoing financial year, we project revenue between 3.2 billion and 3.5 billion rupees, supported by expected profit in the 500–600 million rupee range.

These financial indicators reinforce our ability to meet long-term profitability goals while continuing to expand the P2P lending ecosystem across India.

Following the RBI’s 2024 policy changes, our origination volumes and profitability faced short-term impact. However, we rapidly overhauled operational systems, enhanced credit risk assessment tools, and optimized workflows to ensure sustainable recovery.

As a result, LenDenClub now processes nearly 95% of India’s total P2P lending volume, reflecting unmatched market dominance and demonstrating the strength of our technology architecture. Although this figure could not be independently verified by third parties, our internal metrics indicate significant scaling momentum.

Vartis Platforms’ broader operational ecosystem includes:

• InstaMoney – a digital loan marketplace
• Vartis One – our technology innovation arm
• Backers including Artha Capital and Tuscan Ventures 

Our last investment round in 2021 helped accelerate platform development, strengthen our engineering teams, and expand our national footprint.

India’s digital lending landscape continues to evolve, driven by demand for alternative credit channels and increasing adoption of technology-led solutions. Despite regulatory tightening, the P2P industry remains a critical pillar for last-mile liquidity inclusion, offering borrowers faster access to credit and enabling retail investors to diversify lending portfolios responsibly.

The sector’s growth aligns with the anticipated boom in India’s IPO market for 2025, projected to surpass last year’s $20.5 billion in capital raised. Over 300 listings—including fintech giants like Pine Labs and Groww—are set to redefine India’s capital markets. Vartis Platforms, positioned at the intersection of finance and technology, plans to join this evolving landscape with a listing strategy that prioritizes compliance, stability, and operational excellence.

We continue to invest in advanced analytics, AI-driven underwriting, and secure digital infrastructure to improve platform reliability and lending efficiency. Our mission is to ensure that lenders and borrowers benefit from transparent, technology-powered financial experiences that adhere to the highest regulatory standards.

As consumer behaviors shift toward mobile-first borrowing and micro-lending participation rises, our long-term strategies focus on sustainable growth, diversified user engagement, and deeper market penetration.

Vartis Platforms’ IPO ambition reflects more than a financial milestone—it represents the evolution of India’s peer-to-peer lending sector into a regulated, scalable, and investment-worthy industry. With strong financial performance, renewed compliance frameworks, and unmatched P2P market contribution, we are prepared to enter a new phase of expansion and leadership in India’s fintech landscape.