Supra Pacific wants ₹2,500 crore in assets. The debt market gets the first vote.
The nano-cap NBFC plans a fivefold asset jump from ₹499 crore to ₹2,500 crore in three years. Its immediate hurdle is a public NCD issue to fund the expansion.
What's new
- Sets a three-year target to grow assets from ₹499 crore to ₹2,500 crore.
- Plans a public issue of non-convertible debentures in FY27 to fund growth.
- Will open 500 branches across 15 states and triple its employee base to 2,000.
Why this matters
Supra Pacific is betting on a near 5x asset expansion from a small base, fueled by physical branch growth and new debt. The plan's first real test comes this fiscal year when it approaches the NCD market. For a lender with ₹499 crore in assets, securing those funds is the make-or-break step.
What we're watching
- Pricing and investor appetite for the planned public NCD issue.
- Actual branch rollout pace against the 500-branch target.
- Asset-quality metrics as the loan book scales rapidly.
The full read
Supra Pacific's FY26 assets grew 64.39% to ₹499 crore. Now it wants ₹2,500 crore. That is a fivefold jump in three years. The ambition is clear: 500 new branches in 15 states, a public NCD issue this year, new products. The target implies a compound annual growth rate of roughly 71%. For a nano-cap NBFC, this is a huge scaling bet. The NCD issue is the first obstacle. If the debt market doesn't bite, the branch expansion stalls. If it does, execution becomes the entire story.
Questions answered
- How much did Supra Pacific grow last year?
- Its audited FY26 results showed assets under management of ₹499 crore, a 64.39% increase from the prior year.
- What is the core of the new growth plan?
- The company targets ₹2,500 crore in assets over three years, driven by opening 500 new branches and launching new loan products.
- How will it pay for this expansion?
- The primary funding mechanism announced is a public issue of non-convertible debentures planned for the current fiscal year.
- What does the physical expansion involve?
- The plan is to open 500 branches across 15 states, which will require tripling its employee count to 2,000.