| Market Cap | ₹772.62 CrMid-range Performer |
|---|---|
| Revenue TTM | ₹988.91 CrOperating Revenue |
| Net Profit Growth | 59.31%Annual YoY |
| ROE Annual | 17.07%Return on Equity |
| Order from | Assam State Rural Livelihoods Mission Society (ASRLMS) |
| Execution period | 3 Years |
Key highlights
- MoU signed with Assam State Rural Livelihoods Mission Society (ASRLMS) on September 7, 2026
- Collaboration focused on promoting SHG members as Business Correspondent Sakhis (BC Sakhis)
- The agreement is non-financial in nature with nil monetary consideration or financial commitment
- MoU execution period is set for a fixed term of three years
- Strategic objective to expand banking, credit, and insurance access in unbanked rural areas
What Is the Partnership?
RNFI Services Limited has formalized a strategic tie-up with the Assam State Rural Livelihoods Mission Society (ASRLMS) through a non-financial Memorandum of Understanding signed in Guwahati. The collaboration facilitates the onboarding of eligible Self-Help Group (SHG) members to serve as Business Correspondent Sakhis (BC Sakhis). These individuals will act as the company's frontline agents to deliver doorstep banking and financial services, including credit, insurance, pension, and remittances.
The initiative is designed to bridge the last-mile gap in rural and underserved markets while creating sustainable livelihood opportunities for local women within the SHG ecosystem.
Partner Profile
The Assam State Rural Livelihoods Mission Society (ASRLMS) is an autonomous body established by the Government of Assam to implement the National Rural Livelihoods Mission (NRLM). It focuses on alleviating rural poverty by organizing the poor into vibrant community institutions and providing them with access to financial services and diversified livelihood avenues. By partnering with RNFI, ASRLMS leverages technical infrastructure to empower its SHG network, transforming them into digital financial intermediaries.
This synergy supports the mission's goal of fostering economic independence for rural households through structured financial literacy and service delivery.
Business Overview
- Operates as a technology-led financial services platform under the 'Relipay' brand, focusing on B2B and B2B2C segments
- Provides a comprehensive suite of services including Aadhaar-enabled Payment Systems (AePS), Domestic Money Transfer (DMT), and Micro-ATMs
- Services a pan-India network of merchants and distributors to facilitate digital banking in Tier 2 and Tier 3 cities
- Maintains a strong presence in the fintech space by offering utility payments, insurance distribution, and travel booking services
- Strategically expands its footprint through government-linked social impact initiatives and rural livelihood missions
Financial Context
RNFI Services displays a robust growth profile with an annual net profit increase of 59.31% and TTM operating revenue reaching ₹988.91 crore. The company currently trades at a P/E TTM of 26.66x, compared to an industry average of 38.12x, suggesting a competitive valuation within the Other Financial Services sector. With a return on equity of 17.07% and a Piotroski Score of 5, the firm demonstrates stable financial health.
Institutional participation has seen a recent uptick, with FII holding increasing by 1.17% in the latest quarter, reflecting confidence in its rural-focused expansion strategy and low-cost partnership model.
| Share price | ₹304.7 |
|---|---|
| Market capitalisation | ₹772.62 Cr |
| Revenue (annual) | ₹968.60 Cr |
| Net profit (annual) | ₹28.98 Cr |
| Revenue (latest quarter) | ₹269.91 Cr+12.77% vs previous quarter |
| Net profit (latest quarter) | ₹4.58 Cr-39.70% vs previous quarter |
| P/E (TTM) | 26.66×Sector 22.87× |
| Promoter holding | 64.35%-0.76% QoQ |
| FII holding | 1.17%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by RNFI Services Limited announcing the signing of a Memorandum of Understanding with ASRLMS. Market figures from a third-party data provider.
