Digital lending company DMI Finance has expanded its existing ESOP plan, DMI ESOP Plan 2018- Extended, by granting additional employee stock options to its employees. The Board at DMI Finance has passed a special resolution to add 1,18,29,695 employee stock options to its existing plan, bringing the total ESOP pool to 3,44,29,695 options, its regulatory filing accessed through the Registrar of Companies (RoC) shows. As per estimates, the newly added ESOPs are worth around Rs 306.6 crore or $36 million, while the value of the total ESOP pool stood at Rs 892 crore or $105 million. Notably, these valuations are based on the company's last funding round, where it raised $400 million through a mix of primary and secondary transactions, led by Japan’s MUFG Bank.
In October 2024, the RBI barred four NBFCs, including DMI Finance, from sanctioning and disbursing loans due to non-compliance with pricing regulations, citing excessive lending rates and interest spreads. The restriction was lifted in January 2025.While it is yet to disclose its FY25 numbers, DMI Finance reported over 60% year-on-year growth in operating revenue to Rs 2,654 crore in FY24 as compared to FY23, along with a profit of Rs 397 crore during the same period.
ABOUT DMI FINANCE
DMI FINANCE has been founded in 2008 by Shivashish Chatterjee and Yuvraja C Singh. DMI Finance is a digital lender offering consumption, personal, and MSME loans. It partners with leading platforms like Samsung, Google Pay, and Airtel to deliver embedded financial products to customers across India. DMI Finance is the digital lending arm and the flagship company of the DMI group of companies. With its cutting-edge technology and highly driven team, DMI Finance has proven to be one of the most influential companies in India's digital retail lending industry.