Source: DMI Finance
DMI Finance, a digital lending platform, has expanded the employee stock ownership initiative considerably. Retaining and incentivizing talent and expediting its growth are the bigger objectives. The company further increased its existing ESOP plan, DMI ESOP Plan 2018 – Extended, with an addition of 11.8 million stock options, taking the total pool to more than 34.4 million options.
As per the regulatory filings accessed via RoC, the new stock options are valued at about ₹306.6 crore (US $36 million). So, taking into consideration the last funding round of the company, the ESOP pool value stands at ₹892 crore (US$105 million). DMI Finance had raised an amount of $400 million in both primary and secondary transactions, with the lead investor being Japan’s MUFG Bank.
Alongside the enlargement of the ESOP, DMI Finance also inducted Arjun Malhotra and Tammir Amr as Independent Directors to further fortify its leadership team.
DMI Finance, formed in 2008 by Shivashish Chatterjee and Yuvraja C Singh, extends an array of digital lending products, such as consumption loans, personal loans, and MSME loans. The company has established strong links to digital distribution by way of collaboration with platforms such as Samsung, Google Pay, and Airtel, through which it provides embedded finance solutions across India.
In October 2024, DMI Finance and three other NBFCs faced a regulatory setback when the RBI temporarily prohibited them from granting loans due to non-adherence to pricing norms, citing exorbitant interest rates and spreads. This restriction was subsequently lifted in January 2025, enabling the company to commence normal business operations.
While DMI Finance is due to announce financial results for FY25, FY24 was a brilliant year for the company, with operating revenue having risen more than 60% year-on-year to ₹2,654 crore and a profit of ₹397 crore.
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