Paisalo Digital Secures Dual Credit Rating From Brickwork Ratings and Infomerics

Brickwork Ratings India Private Limited assigned Paisalo Digital Limited an extra external credit rating for scheduled Non-Convertible Debentures. The planned Rs 1,500 crore NCD issue received a long-term rating of "BWR AA / Stable." Paisalo already held a rating from Infomerics Analytics and Research Private Limited. The added assessment strengthens the firm’s overall credit profile.

Paisalo Digital Ltd (PAISALO) traded at Rs 34.54 on NSE at 1:27 PM IST on March 17, 2026. The stock fell 0.72% from the previous close of Rs 34.79. It opened at Rs 34.89, and moved between Rs 33.50 and Rs 35.46. About 4.41 million shares traded, with market capitalisation near Rs 3,141.49 crore.

Brickwork Ratings said the rating reflects strengths in Paisalo’s model and finances. These included an established franchise and a lending model that can scale. Brickwork Ratings also cited strong capitalisation and experienced management. It further noted steady growth in the loan book and stable asset quality over time.

The Paisalo board was set to meet on March 18, 2026. The agenda included discussion of the non-convertible debentures as part of fundraising plans. Dual ratings can matter for issuance planning and investor eligibility. Paisalo now carries Brickwork Ratings’ view alongside the Infomerics rating on record.

Santanu Agarwal, Deputy Managing Director, Paisalo Digital Limited, said: "Receiving an additional rating from Brickwork Ratings India Private Limited alongside our existing rating from Infomerics Analytics and Research Private Limited highlights the strength of Paisalo's capital position, asset quality discipline and scalable lending model. Obtaining dual credit ratings materially expands the universe of debt instruments and investor pools that Paisalo can access now. We remain focused on building a robust and sustainable lending platform that expands financial access for underserved entrepreneurs across India."

Founded in 1992, Paisalo Digital Limited was earlier named S.E. Investments Limited. In the latest reported quarter, assets under management reached Rs 5,508 crore in Q3 FY2026. Net profit, or PAT, was Rs 66.3 crore for the quarter ending December 31, 2025. The firm reported net NPA of 0.66% and collection efficiency of 98.8%.