LenDenClub Eyes IPO in 3 Years

Vartis Platforms, the entity behind India's prominent peer-to-peer lending platform LenDenClub, is strategically positioning itself for a public debut. CEO Bhavin Patel indicated that the company is in advanced preparation stages for an Initial Public Offering (IPO) expected within the next 18 to 36 months, potentially making LenDenClub the first in its sector in India to list on the stock market.

To achieve this goal, Vartis Platforms has set ambitious internal targets, including attaining an annual profit of over 1 billion rupees. The company is also undertaking significant internal restructuring of its accounting procedures to meet the standards required for listed entities. Despite regulatory hurdles faced in financial year 2024, LenDenClub has successfully revamped its operations and now dominates nearly 95% of India's P2P lending volume.

The Mumbai-based company reported a profit of approximately 340 million rupees on revenues of 2.4 billion rupees in fiscal 2025. For the current financial year, projections indicate revenues between 3.2 billion and 3.5 billion rupees, with profits anticipated to range from 500 million to 600 million rupees. This move aligns with a robust IPO market in India, which is expected to see a record number of listings in 2025, including those from the fintech sector.