Vartis Platforms, the parent company of peer-to-peer lending startup LenDenClub, reported a 183% increase in profit after tax to ₹96.2 crore in fiscal year 2026, up from ₹34 crore the previous year, according to inc42.com. The company’s operating revenue rose 43% to ₹338 crore in FY26, with total revenue including interest and other income reaching ₹366.6 crore.
The profit surge followed improvements in Vartis Platforms’ credit infrastructure and growth across its lending businesses. LenDenClub cofounder and CEO Bhavin Patel said the startup enhanced its in-house credit assessment platform, which improved underwriting efficiency and increased the “first resolution rate” by reducing failed transactions. Founded in 2015, LenDenClub operates three platforms—LenDenClub, InstaMoney, and Vartis One—covering retail credit participation, digital lending, and lending technology.
LenDenClub’s P2P lending marketplace allows retail lenders to directly fund individual borrowers, generating revenue through service fees on successful loan repayments, delay charges on overdue loans, and fees on non-performing assets. This segment contributed about 40% of the group’s revenue in FY26. The company’s turnaround follows a net loss of ₹10.6 crore in FY24 after regulatory challenges from the Reserve Bank of India’s crackdown on P2P lending.
Vartis Platforms is now eyeing an expansion into merchant lending, signaling a strategic move to diversify its lending portfolio. The company’s performance in FY26 marks its second consecutive profitable year, underscoring its recovery and growth in the competitive digital lending market.