Veefin Solutions, a fintech SaaS company listed on the BSE SME platform, approved plans to migrate its stock to the main board of the exchange and list on the NSE, the company announced on June 16. The board’s decision marks a significant step for Veefin, which has been listed on the SME platform since 2023. The company will now seek shareholder approval through a postal ballot and approach regulators for necessary clearances, according to its stock exchange filing.
Founded in 2020 by Gautam Udani and Raja Debnath, Veefin develops supply chain finance and digital lending software for banks, NBFCs, fintech startups, and enterprises. The company’s board meeting on June 16 also highlighted its strong financial performance, with revenue from operations surging 339% year-on-year to ₹345.1 crore in FY26 and net profit nearly doubling to ₹32 crore. In the March quarter alone, Veefin posted a net profit of ₹16 crore on operating revenue of ₹131.3 crore, the filing showed.
The proposed migration to the main board reflects Veefin’s growth in scale, financial performance, and market presence. SME platforms cater to smaller companies, while main board listings typically indicate a company’s maturity and expansion. Over the past year, Veefin has expanded beyond its core business through acquisitions and strategic investments, including stakes in digital marketing firm White Rivers Media, GenAI startup Walnut AI, and lending enablement platform Walnut AI, according to inc42.com.
Veefin’s next step involves obtaining shareholder approval via postal ballot and securing regulatory clearances for the main board migration and NSE listing. The company’s move follows its robust FY26 financial results, with ₹345.1 crore revenue and ₹32 crore net profit, positioning it for a broader market presence.